TeleGeography Logo

Idea to raise USD300m for 4G network expansion

25 Jan 2017

Idea Cellular, India’s third-largest mobile provider by subscribers, plans to raise INR20 billion (USD293.2 million) via non-convertible debentures (NCDs) to fund 4G network expansion as it looks to tackle aggressive newcomer Reliance Jio Infocomm (Jio). In a notification to the National and Bombay stock exchanges (NSE and BSE, respectively), Idea stated that it would offer 8.04% for a tenure of five years on the NCDs, which will go on offer on 27 January 2017.

India, Reliance Jio Infocomm (Jio), Vi (Vodafone Idea Limited, VIL)

GlobalComms Database

Want more? Peruse the GlobalComms Database—the most complete source of intel about mobile, fixed broadband, and fixed voice markets.


TeleGeography is the definitive source for telecom news, numbers, and analysis. Explore the full research catalog.