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Vodafone Idea in talks with Amazon, PEs for Rs 20,000 cr investment

Vodafone Idea



American retail major Amazon and a clutch of investors are in talks with Aditya Birla Group to invest up to Rs 20,000 crore in the latter’s struggling wireless telephone company, Vodafone Idea.


The proceeds of the sale will be used to bid for the upcoming 5G auction of spectrum and capital expenditure for the roll-out of services by year-end, say banking sources. Apart from…


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