Blow for cash-strapped telco: PFC-REC cuts Vodafone Idea’s borrowing call, wants extra cover

Both infra-focused government lenders, which specialise in power-related projects, have told the company that for any loan proposal to be considered, Vodafone Idea (Vi) will have to furnish an extra cover through corporate guarantees to shield these proposed commitments from any future default, top financial industry sources involved in the discussions told ET.