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upgrade factoring in continued support by Aditya Birla group, strategic market position and improved business operations.
Crisil assigned an A-/Stable rating to Vodafone Idea's proposed ₹35,000 crore bank fund raise.
KEY POINTS
- Vodafone Idea increased 4G coverage from 77% in March 2024 to nearly 86% by March 2026.
- AGR dues for Vodafone Idea have reduced to ₹64,046 crore, with minimal repayments until FY35.
- Planned capex of ₹45,000 crore for FY27-FY29 has debt funding tie-ups at advanced stages.
- Subscriber decline slowed to just 0.1 million in Q4 FY26 after significant capex investment.
COMPANIES
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