The Economic Times

Multiple lenders' involvement delaying loan; spectrum renewal not to hit services: Vodafone Idea CEO

Vodafone Idea is experiencing delays in securing a loan from the SBI-led consortium, affecting its plans. The company's CEO, Abhijit Kishore, mentioned that funds from private and foreign banks are sufficient for current capex. Vodafone Idea is working on plans to upgrade its network by 2027 and enhance competitiveness. Its average revenue per user has shown improvement, although losses have increased due to exceptional items.