YOU unveils INR6bn investment plan

16 Mar 2018

Indian cable broadband provider YOU Broadband, owned by Vodafone India, has earmarked CAPEX of INR6 billion (USD92.3 million) for the next two fiscal years – up from CAPEX of INR540 million in FY 2016/17 – as part of the company’s expansion plans, the Economic Times writes, citing the Television Post. According to the report, the investment will be funded through a vendor financing arrangement that will have a credit period of a year. The report also notes that YOU will remain of ‘strategic importance’ to the Vodafone-Idea combined entity when Vodafone India completes its long-planned merger with Idea Cellular – potentially bringing the enlarged firm more in line with its chief rivals Bharti Airtel and Reliance Jio Infocomm (Jio), with Airtel already having a major presence in the fixed broadband market and Jio scheduled to launch fibre-based broadband services by the end of this month.