PROJECT

Projects

Summary of Proposed Investment

Project Number

25545

Company Name

VODAFONE IDEA LIMITED

Date SPI Disclosed

Feb 19, 2008

Country

India

Industry

Telecommunications and Technology

Projected Board Date

Mar 20, 2008

Status

Completed

Sector

Mobile Telephony

Department

TMT, Venture Capital & Funds

Environmental Category

B - Limited

Previous Events

Approved : Mar 20, 2008
Signed : Jun 26, 2008
Invested : Dec 29, 2008

Project Description

The project consists of the upgrade and expansion of Idea Cellular Limited’s cellular telephone network in India. Idea Cellular (Idea or the company) is seeking financing to complete its FY2007-09 capital investment program which consists of:

- strengthening and expanding the company’s existing GSM mobile network;
- launching operations in the new telecommunication service areas of Mumbai and Bihar; and
- installing and maintaining a National Long Distance (NLD) network.

With the completion of the project, Idea’s network will cover approximately 70% of India’s total mobile subscriber base.

Sponsor / Cost / Location

Development Impact