Vi to use funds from capital raise to boost 4G coverage to stem user losses

Vi’s top management, at a quarterly earnings call, said the upcoming “fund raise capital would be used to increase coverage in the 16 priority circles, which contribute to 94% of the telco’s revenues,” BofA Securities, which participated in the call, said in a note seen by ET. JM Financial, which was also present on the call, said Vi’s leadership added that the telco’s earlier “planned monetisation of its fibre and data-centre assets is in the backburner for now”.

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