Vodafone-Idea’s fundraising has enabled the telco to restart its capital cycle, which, along with other key initiatives, will put it on a “more secure footing” to keep the company dynamic and competitive, Aditya Birla Group chairman Kumar Mangalam Birla said. said on Tuesday. Speaking at the inauguration of IMC and ITUWTSA 2024, Birla expressed confidence that with continued support from the government, Vodafone-Idea Ltd (VIL) will do its part in realizing India’s digital destiny.

“With the continued support of the government, I am confident that we will do our part to realize the Prime Minister’s digital destiny for India. I strongly believe in the transformative power of India’s telecom sector and see it as a bridge to a greater connected, empowered and prosperous India,” he said.
VIL’s fundraising enabled the company to kick-start its capital cycle, he noted.

“Vodafone-Idea has already announced the next phase of CapEx worth $3.6 billion (approximately Rs. 30,262 crore) with three global partners, Nokia, Ericsson and Samsung. These are all key steps that put VIL on a more secure footing and ensure that the company remains dynamic and competitive,” he said.

He said one of the most pressing issues facing the government, regulator and industry in the past year was spam control and fraud protection.

“As networks have grown, we have a potential risk to the public, especially from identity theft schemes, fake calls and spam messages. This undermines public trust in communication systems and also puts people’s personal and financial security at risk,” he said.

Birla said that VIL, in cooperation with the government and regulatory authorities, is taking significant steps to combat this threat.

“Vodafone-Idea is committed to bringing new and innovative solutions that will fundamentally address spam and fraud at its core. Public awareness campaigns also help educate users on how to recognize and avoid spam,” he said.