Vodafone-Idea is expected to get Rs 15,000 crore to Rs 18,000 crore from the sale of fiber assets. Its own company is also considering selling data center units to PE funds.
The telecom company Vodafone-Idea can sell its fiber assets to raise funds. For this, the company PE fund KKR has completed due diligence. KKR has completed its investigation this week.
The company expects to get Rs 15,000 crore to Rs 18,000 crore from the sale of fiber assets. Its own company is also considering selling data center units to PE funds.
According to sources, the company's fiber assets have a fiber line of about one to one and a half to two lakh kilometers. Its replacement cost is about 10 lakh rupees per kilometer.
Voda-Idea can raise about 18 thousand crores from its sales. Very soon this deal with private equity funds can be completed soon. According to sources, the company has started preparations to sell tower assets, fiber assets and data centers very fast.
According to the Department of Telecommunications in the AGR arrears case, Vodafone-Idea has paid Rs 1,000 crore only on Saturday. Earlier, the company had paid Rs 6,845 crore in three times.
In this way, Vodafone Idea has paid a total of about Rs 7,845 crore till now. This telecom company owes a total of Rs 58,000 crore.