Vodafone Idea’s shareholders and creditors have approved plan to transfer optical fibre assets to its wholly-owned subsidiary Vodafone Towers. The meeting of shareholders and creditors of the company were separately held on June 6.
The company had proposed to transfer its telecom fibre infrastructure to Vodafone Towers before monetising it and approached the National Company Law Tribunal Ahmedabad on April 11, 2019, for its approval.
Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.
