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Last Updated :

Aug 23 2026 | 11:48 PM

IST

India’s third-largest mobile telecom operator, Vodafone Idea (Vi), is believed to have moved closer to securing funding for its capital expenditure plan, with the country’s largest lender, State Bank of India (SBI), agreeing to sanction its share of the loan. This was after the Aditya Birla group-backed telecom services provider agreed to provide guarantees through its promoter companies, which was not the case earlier and had led to a deadlock, sources aware of the development said.