Vodafone Idea targets $3bn investment from Apollo Global

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Vodafone Idea, rebranded as Vi last year, has been in the financial doldrums for a number of years now, having struggled to compete in vicious price wars with its major rivals Reliance Jio and Bharti Airtel, as well as owing the government enormous sums of money for spectrum allocation and adjusted gross revenue (AGR).   In its most recent financial results, the company had managed to slow the decline, reducing its net loss from around $1…

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