Vi offers equity to Ericsson, Nokia in latest fundraise bid

vfw228-tt-vi ericsson nokia logos

Source: Adam Śmigielski / Unsplash

Equity sale to vendors will take total equity issued in past few months to INR 240bn, putting Vi on track to raise enough funds to pursue 4G/5G rollout aspirations.

This article includes:

  • Organisations: Aditya Birla Group; American Towers Corporation (ATC); Ericsson; Indus Towers; Nokia; Vodafone Group; Vodafone Investments; Vi.
  • Geographic: India.
  • People: Akshaya Moondra.
  • Themes: 4G and 5G network infrastructure; Debt-to-equity conversion; Spectrum payments; Follow-on Public Offering (FPO); Funding activity; Partnerships and supplier relationships; Network equipment; Network infrastructure rollout.

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