Purbalee Dutta 
Vodafone Idea Telecom Infrastructure, a fully owned subsidiary of telecom operator Vodafone Idea, is planning to raise up to ₹50 billion ($569.5 million) through a debt issuance in September, according to sources familiar with the matter. The company, part of India’s third-largest wireless provider, intends to issue bonds with maturities of two and three years, aiming to raise ₹30 billion and ₹20 billion respectively. These bonds are expected to attract private credit funds, offering interest rates around 12% for two-year bonds and 14% for three-year bonds.
The raised funds will be used for fresh capital expenditure to support the company’s expansion plans, one source revealed. Vodafone Idea did not comment on the reports. Earlier in May, the company received board approval to raise ₹200 billion through equity or loans.
Vodafone Idea also plans to expand its 5G network across 17 priority circles by September 2025. The company has faced difficulties in paying spectrum and revenue-sharing fees after a 2019 Supreme Court ruling expanded the revenue definition for payments. To assist the struggling operator, the government converted part of its spectrum dues into equity, increasing its stake to 48.99%.
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