<p>“We have tied up all the funds required to pay for the 3G spectrum. It is a mix of loans from banks, existing debt and cash balance. We have to pay Rs 5770 crore”, Idea Cellular CFO Akshya Moondra told PTI.<br /><br />He said the company is also planning to raise Rs 2,500 crore from overseas markets and the fund would be utilised for 3G and 2G networks among other things. <br /><br />Idea has won 11 circles for 3G services — Maharashtra, Gujarat, Andra Pradesh, Madhya Pradesh, Himachal Pradesh, UP (East and West), Punjab, Haryana and Kerala. <br /><br />Bharti Airtel, country’s largest operator, is learn to have raised Rs 8,500 crore to pay for the 3G spectrum. It has to pay Rs 12,295 crore for its 13 circles</p>
<p>“We have tied up all the funds required to pay for the 3G spectrum. It is a mix of loans from banks, existing debt and cash balance. We have to pay Rs 5770 crore”, Idea Cellular CFO Akshya Moondra told PTI.<br /><br />He said the company is also planning to raise Rs 2,500 crore from overseas markets and the fund would be utilised for 3G and 2G networks among other things. <br /><br />Idea has won 11 circles for 3G services — Maharashtra, Gujarat, Andra Pradesh, Madhya Pradesh, Himachal Pradesh, UP (East and West), Punjab, Haryana and Kerala. <br /><br />Bharti Airtel, country’s largest operator, is learn to have raised Rs 8,500 crore to pay for the 3G spectrum. It has to pay Rs 12,295 crore for its 13 circles</p>