As clarity has come on AGR dues, Vodafone Idea needs to quickly raise $3-4 billion

KOLKATA| MUMBAI: Vodafone Idea NSE 7.91 % needs to quickly raise at least $3-4 billion through a combination of capital infusion by promoters, rights issue and potential sale of fibre and data-centre assets to be able to compete effectively in the market, according to analysts. The struggling telco is close to tying up funding, now that it has clarity on its AGR payment timelines, said people with knowledge of the matter.

Vodafone Idea faces annual outflows of around Rs 7,500 crore, they said, with the Supreme Court on Tuesday ordering it to clear AGR dues of Rs 50,400 crore in 10 years, less than the 15 years that the telco had sought.