Vodafone India raises $600 million, but it’s still not enough

Vodafone Idea (Vi) is getting an equity funding injection of close to US$600 million from a trio of entities owned by its existing shareholders.
While that sounds like good news for the troubled Indian telco, it will only have a quarter of the sum at its disposal, with the lion’s share going to pay monies owned to passive infrastructure specialist Indus Towers. And ultimately, that is not going to help Vi in its quest to build out network and compete with the bigger rivals that are fast le