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The Economic Times

Economy / The Economic Times

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SBI-led group of lenders to provide $3.5 billion debt to Vodafone Idea

Lenders led by State Bank of India will provide Vodafone Idea $3.5 billion debt financing. This funding aims to help the mobile operator rebuild its business and improve its network. Conditions include Kumar Mangalam Birla remaining chairman for the loan's tenure. Indian authorities previously provided a lifeline by capping past spectrum payouts. These actions have helped Vodafone Idea's shares climb significantly this year.

10 Sep 2026 9:25 pm