Vodafone Idea raises INR 245bn, launches major network upgrade

Vodafone Idea Limited reported revenue of INR 435.7 billion for FY25, up 2.2% year-on-year, with cash EBITDA rising 9.5% to INR 92 billion.

The company completed a substantial INR 245 billion equity raise, including a INR 180 billion FPO and preferential issues to promoters and vendors.

Following the fundraise, Vodafone Idea secured network agreements worth approximately INR 300 billion with global technology partners, initiating a three-year capex cycle of INR 500-550 billion. The investment added 14,100 broadband towers and expanded 4G coverage to 83% of the population.

The company launched 5G services in March 2025 across several cities.