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Cash-strapped Vodafone Idea in talks to sell fiber and data center assets
- Friday | 9th July, 2021
Vodafone Idea, India’s only loss-making telecom operator, has begun exploratory talks with TPG Global, Apollo Global, and Carlyle Group among other private equity companies to raise around $1 billion by divesting stakes in its fiber broadband subsidiary and fiber and data center assets. Vodafone Idea is in a dire need to raise funds to support its operations and clear spectrum and other statutory dues. “The fiber assets, fixed broadband and data centre businesses have an immense growth potential since telecom and internet penetration is rapidly increasing. Vodafone Idea has one large data center in Navi Mumbai and 160,000 km of optical fiber. According to various reports, the telco had in 2019 tried to sell its fiber assets and data center business, but discussion fizzled out due to valuation differences.
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