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Vodafone Idea to seek shareholders’ nod for transfer of optical fibre assets to its arm

Vodafone Idea will seek for its shareholders’ approval on June 6 to transfer optical fibre assets to a wholly-owned subsidiary –Vodafone Towers. The company has proposed to hive off its telecom fibre infrastructure to Vodafone Towers before monetising it and approached the National Company Law Tribunal Ahmedabad on April 11, 2019, for its approval.

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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