Vodafone Idea in talks with Brookfield and Edelweiss to sell some assets

Mumbai | New Delhi: Vodafone Idea is said to be in talks to sell its optic fibre business to Brookfield Asset Management Inc. and its data centre to the Edelweiss Group as the telco seeks to raise over $2.5 billion from asset sales ahead of a January deadline to pay statutory dues.

“The company is in talks with global asset manager Brookfield to sell its 156,000 km of optic fibre assets and Bank of America and Morgan Stanley are the bankers helping Vodafone negotiate with potential buyers,” a person privy to the discussions told ET. There are other few players, who are also in talks.