Exploring To Monetise Data Centres, Says Vodafone Idea MD

Telecom operator Vodafone Idea MD and CEO Ravinder Takkar on Friday announced it is exploring to monetise data centres as part of the company’s debt reduction plans.

Other than the company’s data centres, the company also plans to monetise its 11.15 per cent stake in Indus Towers on completion of the Indus Towers-Bharti Infratel merger. It is also exploring options to monetise nearly 1.6 lakh kilometres of intra-city and inter-city fibre as well as data centres.

Gross debt on Vodafone Idea as of September 30, 2019 was Rs 1,17,300 crore including deferred spectrum payment obligations of Rs 89,170 crore to the government.―The Statesman