No investment proposal from Verizon, Amazon before the board, says Vodafone Idea

Amid reports suggesting that Verizon and Amazon may invest over USD 4 billion in the company, Vodafone Idea on Thursday said while it constantly evaluates various opportunities as part of corporate strategy, there is no such proposal currently before its board.

As and when various proposals are considered by the board warranting disclosures, the company will comply with the disclosure obligations under the SEBI rules, Vodafone Idea said in a regulatory filing.

“As part of corporate strategy, the company constantly evaluates various opportunities for enhancing the stakeholders’ value…Currently, there is no proposal as reported by the media that is being considered at the board,” VIL said.