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Vodafone Idea planning to invest Rs 27,000 crore in FY20

Vodafone Idea is planning to invest Rs 27,000 crore in 2019-20, supported by savings of around Rs 14,000 crore that it expects to come from synergising operations of merged entities. The company has advanced its target date to complete integration of Vodafone and Idea Cellular business to financial year 2021 from fiscal 2023.

The company expects advancing of synergy target by two years which will help it to improve cash flow to the tune of Rs 8,400 crore and re-deployment of co-located equipments of Vodafone and Idea will help it save Rs 6,200 crore.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.



This post first appeared on Daily Kiran, please read the originial post: here

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Vodafone Idea planning to invest Rs 27,000 crore in FY20

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