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The Economic Times
The Economic Times
Business

Vi pins hope on cashflow growth, loans, tax refunds to meet Rs 1 lakh cr cash requirement

VI Vodafone Idea Vodafone Vodafone Group

New Delhi: Telecom firm Vodafone Idea has pinned hope on its target to triple cashflow, as well as on new loans, tax refunds and fresh capital infusion from promoters to generate over Rs 1 lakh crore cash required in the next three years, a senior company official said on Monday.

Vodafone Idea (Vi) aims to spend Rs 45,000 crore in capex to improve its network and remain competitive in the market. Besides, the company has a spectrum liability of Rs 49,000 payable over the next three years and another Rs 5000-6000 crore to service debt.

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