Kumar Mangalam Birla has given information about the big plan regarding Vodafone Idea. Prime Minister Narendra Modi on October 15 inaugurated the eighth edition of the 2024 India Mobile Congress at Pragati Maidan in New Delhi. Let us tell you that Kumar Mangalam Birla said that Vodafone Idea's fund raising has helped restart the capex cycle.  VODAFONE IDEA will have a turnaround soon. There is full confidence in the turnaround of VODAFONE IDEA. We have made a comeback many times before.

Vodafone Idea Chairman Kumar Mangalam Birla on October 15 said that raising funds for the debt-ridden telecom company has helped restart the capex cycle.

He highlighted that VI's follow-on-public offer (FPO) was the largest of its kind in India. (Stock Split News: Shares rise from ₹ 2 to ₹ 1660 in 2 years - share split to be announced today) Birla said, "We received bids of more than Rs 90,000 crore. This was a strong endorsement of the potential of Indian telecom service. Birla said that Vodafone Idea has already announced the first phase of a major deal worth $ 3.6 billion with three global companies - Nokia, Ericsson and Samsung. Birla said at the India Mobile Congress 2024, "With continued support from the government, I am confident that we will contribute to realizing the Prime Minister's goal of Digital India. Further, Birla said that India's third-largest telecom operator is making "significant progress" in tackling spam and fraud and has taken "significant steps" in its transformation journey. The Aditya Birla Group chairperson also lauded the government's efforts for recognising the importance of digital connectivity and introducing several reforms, adding that digital transformation is now moving beyond large businesses to small and medium enterprises. " We at Vi are committed to providing maximum support by driving digital transformation in India's small businesses by focusing on technologies such as 4G, IoT, AI and cloud," Birla said.