Vodafone Idea Planning to Sell Fiber Broadband Business for Raising Money
Vodafone Idea has a ton of debt on its shoulders. If it only focuses on paying off the debt, it won’t be able to invest on expanding its network. However, if it only focuses on expanding the network, it won’t be able to pay off its debts. The telco’s peculiar cash crunch situation can only be solved through more cash. Vodafone Idea (Vi) has been on the news since the time the telco came out with its financial reports last week. The operator has even started testing 5G networks with Nokia and Ericsson. However, there’s one thing that’s become very evident – the telco’s cash flow is in a severe condition. Regardless, the recent positives, such as subscriber addition in the months of February and March, is something the telco can build its recovery on. But Vi will need cash and lots of it to ensure that it can keep investing in its networks and keep paying off debts. To solve the cash issue, Vodafone Idea is planning to sell its fixed-line broadband business, data centre busin...