Birla confident of VIL turnaround; fundraise, capex cycle bolster telco

Fundraise and subsequent capex cycle have placed Vodafone Idea on a more secure footing, ensuring it remains dynamic and competitive, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday exuding confidence about the telco scripting a turnaround.

During the inauguration of IMC and ITU-WTSA 2024, Birla told reporters that while Vodafone Idea Ltd (VIL) has been written off several times in the past, it is about time that such impressions about the company are shed.

Speaking at the inaugural ceremony, Birla said he is confident that with continued support of the government, VIL will do its part in realising India's digital destiny.

"With the continued support of the government, I am confident that we will do our part to realise the Prime Minister's digital India destiny. I am a firm believer in the transformative power of India's telecom sector and I see it as a bridge to a more connected, empowered and prosperous India," Birla said.

It is pertinent to mention that promoter