
Vodafone Idea Limited (VIL), the third-largest telecom operator in India, has received a revised and upgraded rating from the CARE Ratings. The rating has moved from ‘stable’ to ‘positive’. This is a great sign for the telco. The development takes place after the AGR (adjusted gross revenue) dues relief from the government, and the announcement of Rs 45,000 crore capex (capital expenditure) plan for the next three years.
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In a statement, CARE Ratings said, “Revision of the outlook to…

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