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Vodafone Idea allocates Rs 5,720 crore for 5G from

Vodafone Idea allocates Rs 5,720 crore for 5G from FPO proceeds The company's goal is to extend 5G coverage to 40 per cent of its current revenue base within the next 24-30 months. Cash-strapped telecommunications company Vodafone Idea has allocated Rs 5,720 crore for the rollout of 5G services from the Rs 18,000 crore it expects to raise from the follow-on public offer (FPO), according to a report by The Economic Times (ET). "But overall investment into 4G expansion and 5G rollout will be much more, given that there is a debt raising of Rs 25,000 crore to follow," a person familiar with the matter told ET. ©SHIRSENDU KARMAKAR #VI #5G
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