Sunday , October 17 2021

Vodafone Idea exploring option to monetise data centres to reduce debt

Vodafone Idea is exploring to monetise data centres as part of the company’s debt reduction plans. Apart from data centres, the company is planning to monetise its 11.15 percent stake in Indus Towers on completion of the Indus Towers-Bharti Infratel merger, and is also exploring options to monetise nearly 1.6 lakh kilometres of intra-city and inter-city fibre as well as data centres. The company believes this will provide financial flexibility.

Gross debt on Vodafone Idea as of September 30, 2019 was Rs 1,17,300 crore including deferred spectrum payment obligations of Rs 89,170 crore to the government.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

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