Will raise funds soon: Vodafone Idea MD

Mumbai | New Delhi: Vodafone Idea (Vi) managing director Ravinder Takkar said the telco expects to raise funds shortly and doesn’t need a Plan B just yet, expressing confidence that adjusted gross revenue (AGR) dues will be reduced.

Low tariffs and the lack of a floor price for them remain the biggest hurdles to improvement in the health of the telecom sector, he said on an earnings call Friday. Vodafone Idea can’t raise tariffs unilaterally, he said.

“I don’t think at this point, a Plan B for funding is needed. We have a plan, we are engaged with investors, we expect this to take place. I don’t think we will reach that point (of Plan B),” he said.