Vodafone Concept will hasten the tempo of capital expenditure (capex) deployments, having secured ₹6,400 crore as the primary tranche of funding from banks within the quarter ended June 2026.
Chief govt Abhijit Kishore stated on Tuesday the corporate was in discussions with half a dozen public sector banks (PSBs), led by State Financial institution of India, a number of Indian personal banks and international banks, for elevating further funds through exterior industrial borrowings (ECBs).
“We now have already positioned orders price ₹9,000 crore for capex until now, which additionally consists of the capex undertaken in Q1FY27 of ₹1,930 crore. The provides and execution foundation of those orders have already commenced and can proceed. We are actually centered on accelerating community growth with these recent orders with Ericsson, Nokia, Samsung and different companions. They’d be executed as we transfer ahead,” Kishore advised analysts throughout an earnings’ name for the quarter ended June.
Kishore added that the corporate supposed to deploy the capex over the subsequent two quarters, with a median of three,500 4G websites a month.
He additionally famous that geopolitical challenges created supply-chain constraints that had restricted the capex deployment throughout Q1FY27.
“Our bettering development and up to date constructive improvement offers us rising confidence in our potential to take part within the trade’s development story,” he added.
Detailing the Aditya Birla group firm’s funding plan, Kishore stated the primary tranche of funding included partial proceeds of ₹1,183 crore from warrants and debt proceeds, moreover non-funded primarily based amenities via ECB and Indian personal banks.
“The broader monetary structure that helps our capex plan of ₹45,000 crore over the subsequent three years… is constructed on three cohorts. First is a consortium of PSBs led by SBI with six to seven collaborating banks. The second cohort is of Indian personal banks and the third one is ECB with international banks. We stay meaningfully engaged with our lenders throughout these three cohorts and have made substantial progress with them. I’m comfortable to share that we’ve efficiently raised our first tranche of funding,” Kishore stated.
“We’re hopeful of closing the discussions with PSBs, led by SBI, in addition to persevering with work on different debt-raised streams,” he added.
The corporate’s financial institution debt has lowered to ₹211 crore as of June 30, from ₹1,926 crore as of June of the earlier yr, a discount of ₹1,715 crore.
The free money and financial institution steadiness as of June 30 stands at ₹6,558 crore.
The funding push and money steadiness have bettered VI’s potential to finance 4G and 5G rollouts within the close to time period, whereas sustaining its FY29 targets.
Kishore famous that the corporate will end 4G rollouts over 18 months throughout its 17 precedence circles. 5G deployment will transfer into the third yr of the capex plan.
On whether or not Airtel’s Fastlane product providing was rising as a threat to Vodafone Concept’s postpaid subscriber base, Kishore advised analysts that the corporate had managed to retain postpaid subscribers.
The corporate recorded its highest internet additions since Vodafone India and Concept Mobile merged in 2018.
“We now have not seen any dip within the post-paid enterprise. Even the web addition for us in post-paid has been constructive persistently over the past six to eight quarters and it is rising. So far as machine-to-machine (M2M) is worried, there is a rise in Q1 over the past quarter,” Kishore stated.
VI narrowed its losses considerably to ₹3,754 crore within the quarter ended June 2026 (Q1 FY27) as extra customers migrated and upgraded to higher-value ??4G and 5G providers. This led to greater common income per consumer (ARPU), a key metric of profitability.
Income from operations grew about 6 per cent yearly to ₹11,689 crore from ₹11,023 crore, beating estimates.
