Vodafone Idea plans to invest about Rs.20,000 crore in networks
Posted on:11 Feb 2019 18:47:24
11 February 2019 Current Affairs:
Vodafone Idea announced that the company is planning to invest about Rs.20,000 crore in networks over the next 15 months. It has given capital expenditure (capex) of Rs.270 billion for financial years 2019 and 2020, combined together. Out of that, about Rs.70 billion has been spent in the first nine months.
In the next 15 months, it expects a capex deployment of Rs.200 billion. The capex guidance of Rs.27,000 crore did not include capacity that would be created by reusing equipment from the synergy of operations between Vodafone and Idea.
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