Vodafone Idea holds discussions about refinancing loans worth 3,000-4,000 crores.

Cellphone operator Vodafone Idea has reopened negotiations with important lenders State Bank of India, Punjab National Bank.

Indus Towers made a provision for the questionable debt of 2,298.1 crore last month in January due to VIL’s shaky balance sheet.

It is in the process of issuing optionally convertible debentures worth up to Rs. 1,600 crores to vendor American Tower Corporation to settle its debts.