After govt relief, Vodafone Idea may now get fresh infusion of Rs 20,000 cr

Debt-ridden telecom company Vodafone Idea may get infusion of around Rs 20,000 crore in the next two weeks, of which Rs 7000-8000 crore is likely to come from promoters and the rest from bank guarantees returned to the firm as part of the new set of government reliefs to the sector, sources told Indian Express

The telecom tribunal TDSAT had asked the Department of Telecom to put on hold the encashment of bank guarantees in the penalty case of Bharti Airtel and Vodafone Idea till the next date of hearing.

Sources told the publication that the company is likely to opt for the new round of infusions from investors only after marginal improvement in average revenue per user (ARPU), sources told the publication.