Vodafone India announced yesterday that it has received and equity infusion of Rs 47,700 crore (~$7 billion) from its UK based parent company Vodafone Group in the first half of the current fiscal. The equity infusion comes via foreign direct invest from the Vodafone Group which had earlier bought out Vodafone India’s minority stakeholders like Analjit Singh and Piramal Healthcare to acquire 100% controlling stake in the company, in April 2014.

The Indian unit claims to have crossed over 200 million customers pan-India, with at least 107 million of them hailing from rural areas. This is the largest fund infusion that the Indian unit has received since its inception in 2007.

IPO plans: In April, Vodafone India was in talks with investment bankers to launch its initial public offering, according to a Reuters report. The IPO was expected to raise anywhere around $2 billion and $2.5 billion. Earlier it was reported that Vodafone would complete the IPO process by the end of Q4-FY16. The company had said that it would go ahead with its IPO plans in November in its earnings report. More here.

ICR deal with BSNL: Last month, Vodafone India has signed a 2G intra-circle roaming (ICR) agreement with state owned telco BSNL to use each other’s network assets and expand 2G connectivity mutually across the country in all of their circles.

YOU Broadband acquisition: Vodafone had earlier acquired TRG Capital owned internet service provider YOU Broadband for and estimated Rs 350-400 crore in April. Both companies signed an agreement in March, while the deal was subjected for approval from the Foreign Investment Promotion Board.

4G rollout: In February, Vodafone India completed the first phase of its planned 4G rollout under the 1800 MHz band with the launch of its services in Mumbai.  The company launched their 4G network under the 1800 MHz band in early February ‘16 in telecom circles: Delhi, NCR cities, Bangalore and Kolkata; as well as inKerala circle Kochi in Dec ‘15 & Kozhikode on Jan ‘16.

Financials and Mobile Internet numbers: The company reported 27.4 million 3G Internet connections for the quarter ended March 31, 2016 (Q4 FY16), up 56.02% from  25.9 million connections in the same period last year. Note that Vodafone’s combined 3G and 4G users stood at 27.8 million users. Total data revenue increased to Rs 8,263 crore in FY 16. A growth of 45% YoY. Service revenue stood at Rs 46,435 crores in FY16, a growth of 10%.