Vi Sees fundraising success after telecom relief

Vodafone Idea Ltd. will survive and is hopeful of successfully raising funds after the Indian government gave operators more time to pay dues to help the industry, the company’s chief executive officer said.

“Vodafone Idea will exist. We will compete. We will survive and thrive,” CEO Ravinder Takkar said in an interview Wednesday. “We were engaged in fund raising for several months. We have investors, international and domestic, who have shown interest in investing in Indian telecom industry.”

The concerns of investors over whether the government will ensure the existence of at least three private-sector players have been eliminated after last week’s telecom package, Takkar said.