<ul data-eligibleForWebStory="true"><li>Vodafone Idea is in talks with lenders to raise USD 2.9 billion in long-term loans to upgrade its network infrastructure and compete with other telecom giants.</li><li>State Bank of India is expected to lead the consortium of lenders for this funding, which will involve a mix of domestic and foreign loans with a tenor of around 10 years.</li><li>The company has been losing subscribers and is seeking capital to improve its network and market share, while earlier financing plans were delayed due to financial concerns and government dues.</li><li>Despite the government increasing its stake in Vodafone Idea to 48.99%, the company continues to face financial stress. The ongoing discussions are aimed at raising funds through a combination of equity and debt, with global banks expected to participate.</li></ul>

Vodafone Idea in Talks to Raise USD 2.9 Billion Loan to Strengthen Network: Report

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