Indian telco Vodafone Idea reportedly plans to raise as much as Rs180 billion (just over US$2.1 billion) this week in what is expected to be India’s biggest follow-on public offering (FPO) as it seeks to pay off debts and get back in the 5G game.
The Flying Kangaroo has had the route to itself post-COVID, with the latest data from the Department of Transport showing it boasted load factors of 90 per cent outbound – its fourth-highest for an international destination.