Vodafone Idea’s talks with lenders for funds have picked up pace, says CEO Akshaya Moondra

Mumbai: Vodafone Idea’s talks with lenders for raising funds have picked up pace with the conversion of accrued interest into government equity, the struggling telco’s chief executive Akshaya Moondra said on Wednesday.

Vi will use the funds for 4G network expansion and 5G rollouts, he said during the company’s analyst call to discuss the fiscal third quarter results.