Now Reading: Vi plans Rs 45,000 crore capex, enters FY27 with clarity
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Vi plans Rs 45,000 crore capex, enters FY27 with clarity
Vodafone Idea Chairman Kumar Mangalam Birla said the telecom operator has entered FY27 with greater financial clarity and renewed capacity to invest. The company plans a Rs 45,000 crore capital investment programme…
The Story in Brief
Vodafone Idea Chairman Kumar Mangalam Birla said the telecom operator has entered FY27 with greater financial clarity and renewed capacity to invest. The company plans a Rs 45,000 crore capital investment programme over FY27 to FY29 for network expansion. Vi's AGR liability was finalised at Rs 64,046 crore, down from a provisional Rs 87,695 crore, contributing to a one-time profit after tax of Rs 34,552 crore. Revenue rose 3% to Rs 44,873 crore in FY26, and ARPU reached Rs 190. The telco ended FY26 with 192.8 million subscribers. Discussions with lenders for long-term funding continue.
The Indian Opinion
The common narrative that Vodafone Idea is struggling irreversibly ignores the concrete financial clarity and promoter backing it secured in FY26. A reduced AGR liability, credit rating upgrade, and new equity from the Aditya Birla Group provide a firmer base. But the real test begins now: Can Vi translate its Rs 45,000 crore capex into a 5G network that wins back subscribers from Jio and Airtel? Sustained ARPU growth and positive subscriber additions over the next few quarters will separate a genuine turnaround from a temporary reprieve.
Sources (2): telecom.economictimes.indiatimes.com, livemint.com
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
