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Vodafone India may sell its Rs 1200-cr worth data center to reduce debts

Vodafone India may sell its data center, built at a cost of Rs 1,200 crore, in Navi Mumbai, to further reduce its debt, even as the British parent of the company converted already converted debt worth Rs 47,700 crore to lighten the balance sheet, Economic Times reported. Vodafone Group has decided that its Indian subsidiary would divest all non-core assets, including the data centre, the report said, adding that “two […]

from Telecom Talk https://telecomtalk.info/vodafone-india-may-sell-its-rs1200cr-worth-data-center-to-reduce-debts/157851/

via: https://telecomtalk.info/vodafone-india-may-sell-its-rs1200cr-worth-data-center-to-reduce-debts/157851/

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