Vodafone Idea a national asset: Birla

Kolkata: Aditya Birla Group chairman Kumar Mangalam Birla Thursday branded Vodafone Idea (Vi) as a national asset and said the successful conclusion of its Rs 18,000 crore follow-on public offer (FPO) sets the stage for the telco’s financial turnaround and the beginning of a revitalised Vi 2.0, which is important for the country.

“Vi is not just a telecom company, it’s a national asset with 215 million users and about 8000 MHz spectrum. On the back of this fund raise and continued support from banks, Vi will stage a smart turnaround. This moment in some ways, marks the beginning of Vodafone Idea 2.0. I believe that a revitalised Vi is important for India,” Birla said in an official statement following Vi’s FPO listing on the NSE Thursday.