InvestorQ : Has Oaktree finally agreed to invest in Vodafone Idea?
Archita Jajjoo made post

Has Oaktree finally agreed to invest in Vodafone Idea?

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Niti Shenoi answered.
4 months ago
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A consortium of Oaktree Capital, Varde Partners and others could invest $2.50 billion into Vodafone Idea. VI is currently in a cash crunch with billions of dollars owed to the government as spectrum fees and AGR charges. Vodafone needs around Rs.25,000 crore to stem the consistent outflow of wireless customers.

Amazon and Verizon Communications were also in talks to invest up to $4 billion in Vodafone Idea. With Supreme Court permitting staggered payment of AGR dues, investors are starting to see value in VI. Vodafone still owes another Rs.50,000 crore to DOT.

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