Vodafone Idea confident of people fully subscribing to its upcoming FPO of Rs 18,000 crore

NEW DELHI: Telecom service provider Vodafone Idea Limited (VIL) is confident that its upcoming follow-on public offer (FPO) of Rs 18,000 crore will be fully subscribed. Akshaya Moondra, its Chief Executive Officer (CEO), while addressing press, said the company has allocated Rs 5720 crore from the proceeds of FPO towards 5G rollout in the country.

He also mentioned that Vodafone Idea expects to rollout 5G in the next six to nine months, without giving the exact date.