Vodafone Idea in talks with ATC for extending OCD issuance of Rs1,600 crore
- The carrier has decided to sell ₹1,600 crore worth of convertible bonds to ATC Telecom Infrastructure, which will be used by the carrier to pay back some of the pending dues to the tower operator for renting its assets to provide mobile phone services in India
NEW DELHI : Vodafone Idea has initiated discussions with American Tower Corp to extend the preferential issue of optionally convertible debentures to the tower provider after the Vodafone Idea's shareholder approval for the issuance lapsed.
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