Vodafone Idea (Vi) has announced that it will commercially launch 5G services in Mumbai by March 2025, followed by Delhi, Bangalore, Chandigarh, and Patna in April 2025.
“We are increasing investments, and the pace of capex deployment is set to accelerate in the coming quarters. The phased rollout of 5G is already in progress, focusing on key regions. We are pleased to report our highest quarterly cash EBITDA since the merger, reaching ₹2,450 crore, reflecting a 15% year-on-year growth. With intensified investments, we expect further improvements in both operational and financial performance,” said Akshaya Moondra, CEO of Vodafone Idea Limited.
Moondra also highlighted that Vi has secured ₹260 billion in fresh equity capital over the past 10 months, including a recent ₹1,910 crore equity infusion from one of its promoters. The telco is actively engaging with lenders for debt financing to support its ₹50,000–55,000 crore network expansion plan over the next three years. He also welcomed the government’s bank guarantee waiver, calling it a positive step that reinforces support for the telecom sector—an essential part of Digital India’s future.
In Q3FY25, Vi’s capex spending stood at ₹32.1 billion, bringing the total for the first nine months of the fiscal year to ₹53.3 billion. The company expects further acceleration in network expansion in Q4FY25, with a full-year capex estimate of ₹100 billion.
Additionally, Vi reported a significant reduction in bank debt, which declined by ₹52.9 billion over the past year, now standing at ₹23.3 billion (down from ₹76.2 billion in Q3FY24). As of December 31, 2024, the company’s cash and bank balance was ₹120.9 billion.
