Strong signals from investors, Vodafone Idea may get much-needed cash soon

Vodafone Idea (Vi) is closer to tying up its much-delayed equity funding with chief executive Akshaya Moondra informing the Department of Telecommunications (DoT) that the telco has term sheets from several potential investors.

He said one of these potential investors will also be seeking a meeting with the authorities to get assurances on continuing government support for the cash-strapped operator.