“This (monetary) structure is constructed on three cohorts,” chief government Abhijit Kishore mentioned in a post-earnings name on Tuesday. “First is a consortium of public sector banks led by SBI with six to seven collaborating banks. Second is Indian personal banks and the third is external commercial borrowings (ECB) with overseas banks,” he defined.
“We stay meaningfully engaged with our lenders throughout these three cohorts and have made substantial progress. We now have efficiently raised the primary tranche of funding of Rs 6,400 crore, together with Rs 1,183 crore from warrant proceeds and debt, together with non-funded amenities by ECBs and Indian personal financial institution,” the chief mentioned.
Kishore mentioned the corporate was “hopeful of closing the dialogue with the PSU banks led by SBI” whereas persevering with work on different debt funding avenues.
The corporate has already positioned tools orders value Rs 9,000 crore, together with Rs 1,930 crore of capital expenditure incurred in the course of the June quarter, with distributors together with Ericsson, Nokia and Samsung. “We intend to deploy all of those capex over the subsequent two quarters,” Kishore mentioned, including that the corporate plans to roll out 3,000-3,500 new 4G websites each month.
Vi narrowed its underlying consolidated web loss to Rs 5,358 crore within the quarter ended June 2026 from Rs 6,611 crore in the identical interval final yr. Nevertheless, if distinctive acquire of Rs 1,611 crore is accounted for from revaluation of pledged shares backed by Vodafone Group, the corporate reported a web lack of Rs 3,754 crore for the reported interval.
Within the previous March quarter too, Vi had reported a web revenue of Rs 51,970 crore attributable to distinctive acquire after the federal government determined to defer its statutory liabilities.India’s third-largest telecom operator by market share reported its first full quarter of constructive web subscriber additions because the Vodafone and Concept merger in 2019. At June-end, its buyer base elevated to 193.1 million from 192.8 million within the earlier quarter.
Kishore mentioned the corporate’s turnaround efforts have been starting to translate into buyer positive factors. “All seven of our important enterprise parameters at the moment are trending positively,” he mentioned, highlighting the corporate’s first quarter of constructive web subscriber additions because the Vodafone-Concept merger, a 6% improve in income and ARPU progress to Rs 195.
Vi reiterated that it might preserve its beforehand introduced Rs 45,000 crore capex programme and full most of its 4G rollout over the subsequent 18 months. The operator at present has greater than 16,000 5G websites stay throughout over 200 cities and plans to increase to a different 200-plus cities over the subsequent two quarters. Over the three-year interval, the corporate goals to deploy 55,000-57,000 4G websites and 86,000-90,000 5G websites, with 5G rollout extending into the third yr due to fibre deployment necessities.
Administration additionally reiterated its 3-year monetary steerage to ship a 3x improve in money EBITDA.
Within the enterprise section, Kishore famous that Vi had doubled web additions in M2M over the previous yr and continues to carry a powerful place in related automobiles, car monitoring, sensible metering and point-of-sale connectivity.
