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Tdsat: Back in 2019, Vi had moved the telecom tribunal, challenging DoT’s Rs 3,926.34 crore demand towards spectrum liabilities linked to the merger of erstwhile Vodafone entities – Vodafone Mobile Services and Vodafone India.
Vi had tried to sell its fibre assets and data centre business in 2019, but the deal could not be concluded due to differences over valuation. The company has over 160,000 km of optic fibre and, since wired broadband is set to be a big revenue stream, Vi is hopeful of closing the deal at a good valuation.
Cash-strapped Vodafone Idea (Vi) is in advanced negotiations with private equity companies to monetize its fiber assets and In-Building Solution (IBS) to raise ₹10,000-12,000 crore, people familiar with the matter said.
Vodafone Idea: The joint venture between UK's Vodafone Group Plc and India's Aditya Birla Group (ABG) has been battling cash flow issues, hindering capital expenditure and vendor payments. Hence, the company has been unable to seal 5G network equipment supply deals with vendors.
She was previously working as director- marketing, category, loyalty and digital at Starbucks.