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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.
Tawal, the leading integrated ICT infrastructure provider in Saudi Arabia, has launched Fibre To The Tower (FTTT) and Coverage as a Service (CaaS) as new innovative products.
Mikrolink Acquires US California-Based Shaxon Industries