Vodafone Idea expected to come up with revival plan within a month: Report

After the Centre’s acquisition of equity in the struggling telecom company, Vodafone Idea is expected to come up with a revival plan within a month, telecom secretary K Rajaraman said, as reported by Mint.

In an interview, Rajaraman said that the return of Kumar Mangalam Birla, chairman of Aditya Birla group, to the board of the ailing telco is a “positive step” and the telco is in talks with several institutions to raise capital for its 5G rollout plans.

“We keep getting monthly reports on their subscriber base and other parameters, but what we want them to do is to come back with resources – equity and debt – and we’re awaiting a final communication from them.