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Vodafone Idea eyes funding on govt package boost

India’s Vodafone Idea is confident it can reach a fundraising deal with potential investors, bolstered by a federal government package that provides much-needed relief to the debt-ridden mobile carrier, its chief executive officer said on Wednesday. Investors were waiting to see whether New Delhi would ensure that at least three players exist in the telecoms sector and also wanted the funding to be used for business rather than paying government dues, Ravinder Takkar, the CEO of Vodafone Idea, said in a video interview.

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