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Agencies
Vodafone Idea To Rebrand As Vi As It Prepares For Telecom Battle
New Delhi, 7-September-2020
Vodafone Idea Ltd said on Monday it plans to rebrand itself as the debt-ridden telecoms carrier, which has been losing customers, looks to change its image three years after it announced the biggest merger in India�s telecoms market.
The loss-making carrier on Friday approved fundraising of up to 250 billion rupees at a time it owes roughly 500 billion rupees ($6.81 billion) in dues to the government. The dues, according to an Indian Supreme Court order, will have to be paid over a ten-year period.
Vodafone Idea, a joint venture between Britain�s Vodafone and India�s Idea Cellular, said it will go by the brand name �Vi�.
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