{"id":55242,"date":"2019-02-18T10:52:47","date_gmt":"2019-02-18T10:52:47","guid":{"rendered":"http:\/\/blastingskyhawk.com\/?p=55242"},"modified":"2019-02-18T10:52:48","modified_gmt":"2019-02-18T10:52:48","slug":"vodafone-idea-in-talks-to-sell-mobile-tower-stake-optical-fibre-assets-for-rs-20000-crore","status":"publish","type":"post","link":"https:\/\/blastingskyhawk.com\/english\/vodafone-idea-in-talks-to-sell-mobile-tower-stake-optical-fibre-assets-for-rs-20000-crore\/","title":{"rendered":"Vodafone Idea in talks to sell mobile tower stake, optical fibre assets for Rs 20,000 crore"},"content":{"rendered":"\n<p>Vodafone Idea is likely to mop up about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets, sources said. The country\u2019s largest telecom operator plans to use the funds for lowering its debt, which stood at Rs 1,23,660 crore at the end of 2018.<\/p>\n\n\n\n<p>\u201cIndus stake is worth about Rs 50 billion today. We have 156,000 kms of fibre. We have not given any guidance on monetisable value,\u201d a Vodafone Idea spokesperson said.The company is also planning to raise Rs 25,000 crore through a rights issue to fund its capital expenditure and pare debt.<\/p>\n\n\n\n<p>The company had earlier announced its plan to sell 11.15 per cent stake held by the Aditya Birla Group in Indus Towers as well as 1.56 lakh kilometers of optical fibre assets.<\/p>\n\n\n\n<p>The promoter shareholders Vodafone Group and Aditya Birla Group  have reiterated to the board that they intend to contribute up to Rs 11,000 crore and Rs 7,250 crore, respectively, as part of the rights issue.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Vodafone Idea is likely to mop up about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets, sources said. The country\u2019s largest telecom operator plans to use the funds for lowering its debt, which stood at Rs 1,23,660 crore at the end of 2018. [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":55243,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-55242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/55242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=55242"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/55242\/revisions"}],"predecessor-version":[{"id":55244,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/55242\/revisions\/55244"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/55243"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=55242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=55242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=55242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}