Vodafone to pay up to $2.6 bln to end German legal fight
4 years ago

Vodafone to pay up to $2.6 bln to end German legal fight

Live Mint  

Vodafone on Tuesday offered more than 2 billion euros to buy out Kabel Deutschland's minority shareholders and end a long-running legal battle over the cable company with hedge fund Elliott and others. The British telecoms group, which bought close to a 77% stake in the German cable company in 2013 for 7.7 billion euros, offered all minority shareholders 103 euros in cash for each outstanding share. Vodafone said shareholders representing 17% of the shares had accepted the offer, which valued all remaining minority holdings in KDG at up to 2.12 billion euros. Vodafone, the world's second-largest mobile operator, said its net debt would rise to 46.1 billion euros if all shares were tendered.

Billion Offer Vodafone German Legal  company  offered  offer  shares  euros  mobile  pay  vodafone  bln  billion  26  fight  german  legal  end  shareholders  minority

History of this topic

VIL to raise Rs 1,980 cr through preferential issue
2 weeks, 1 day ago

VIL to raise Rs 1,980 cr through preferential issue

New Indian Express  

NEW DELHI: Vodafone Idea, the country’s third-largest telecom service provider, announced on Monday that its Board of Directors has approved the issuance of up to 176 crore equity shares on a preferential basis to raise Rs 1,980 crore. The telco will issue these shares to Omega Telecom Holdings Private Limited and Usha Martin Telematics Limited, both Vodafone Group companies. “Up …

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise
Trending News
2 weeks, 1 day ago

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise

Hindustan Times  

Vodafone Idea’s board will reportedly meet on Monday, December 9, 2024 to consider raising up to ₹2,000 crore through equity shares or convertible securities on a preferential basis to clear its debts with Indus Towers. Vodafone Idea said it will use the remaining proceeds towards a new issue of equity shares after the board decides the terms of capital Paying …

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group
2 weeks, 5 days ago

Vodafone Idea to consider raising funds worth ₹2,000-crore on Dec 9 via preferential issue to promoter group

Live Mint  

Vodafone Idea announced on Thursday, December 5, that its board will consider a proposal to raise ₹2,000 crore via preferential equity issuance belonging to Vodafone Group, one of its promoters. “A meeting of the Board of Directors of the company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider a proposal for raising of funds not …

Vodafone UK to sell remaining 3% stake in Indus Towers via book build offering for repaying debt
2 weeks, 6 days ago

Vodafone UK to sell remaining 3% stake in Indus Towers via book build offering for repaying debt

Live Mint  

Vodafone Group Plc will sell its remaining 3% stake in telecom infrastructure developer Indus Towers. The UK firm said on Wednesday that its remaining 79.2 million shares in Indus Towers will be sold through an accelerated book build offering. Pledge released “As per the terms of the security package provided by Vodafone promoters to secure the payment obligation of Vodafone …

91% upside potential! Nomura is bullish on telecom stock Vodafone Idea post Q2 results, retains ’buy’ call
1 month, 1 week ago

91% upside potential! Nomura is bullish on telecom stock Vodafone Idea post Q2 results, retains ’buy’ call

Live Mint  

Following better-than-expected September quarter results, global brokerage firm Nomura India has reaffirmed its 'Buy' rating on Vodafone Idea, setting a target price of ₹14. Q2 Earnings Performance Vodafone Idea's financials for the September quarter showed a narrowing of losses to ₹7,175 crore from ₹8,746 crore in the same period the previous year. Investment Rationale and Strategic Outlook Nomura India outlined …

Vodafone Idea Q2 net loss narrows to ₹7,175 crore, Arpu rises to ₹156
1 month, 1 week ago

Vodafone Idea Q2 net loss narrows to ₹7,175 crore, Arpu rises to ₹156

Live Mint  

Vodafone Idea Ltd’s losses narrowed to ₹7,175 crore in the September quarter, down from ₹8,746 crore a year earlier, as revenues edged up to ₹10,932 crore from ₹10,716 crore. Funding and capex plans Backed by the Aditya Birla Group, Vodafone Idea is currently in discussions with lenders to secure ₹35,000 crore in debt funding to fuel its network expansion. Earlier …

Vodafone Rallies 10% As Company Signs $3.6 bn Deal With Nokia, Ericsson; Key Details
3 months ago

Vodafone Rallies 10% As Company Signs $3.6 bn Deal With Nokia, Ericsson; Key Details

News 18  

Vodafone Idea Share Price Today: Vodafone Idea shares were trading 10 per cent higher on Monday after the company scheduled an analyst or investor update call later today, which will take place from 2.30 PM to 3 PM IST and is expected to provide updates on what the telecom operator is up to following the Supreme Court AGR setback. Additionally, …

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy
9 months, 3 weeks ago

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy

Live Mint  

Barcelona: The government will look at the right opportunity to pare its stake in Vodafone Idea, Neeraj Mittal, secretary in the department of telecommunications, said as he welcomed the approval given by the cash-strapped carrier's board to a fund-raise proposal. Mittal said the department of telecom was likely to bring out the first set of rules and regulations under the …

Vodafone Idea clears air on talks with Elon Musk's Starlink
11 months, 3 weeks ago

Vodafone Idea clears air on talks with Elon Musk's Starlink

Hindustan Times  

Vodafone Idea on Tuesday said it is not in talks to tie up with Elon Musk's satellite internet firm Starlink, Reuters reported. Vodafone Idea on Tuesday said it is not in talks to tie up with Elon Musk's satellite internet firm Starlink The telecom firm's clarification comes after the shares had surged in the past two sessions, this after business …

Vodafone loses thousands of customers after pushing through inflation-busting price rises
1 year, 1 month ago

Vodafone loses thousands of customers after pushing through inflation-busting price rises

The Telegraph  

Vodafone has shed thousands of customers after rolling out inflation-busting price rises earlier this year. UK income rose by 4.1pc and Vodafone helped offset contract losses with new customers signing up to its digital brand Voxi, which offers unlimited social media use. Total group revenue fell 4.3pc to €21.9bn across the first six months of Vodafone’s financial year, reflecting the …

Govt to become largest shareholder in Vi post conversion of AGR dues to equities
1 year, 10 months ago

Govt to become largest shareholder in Vi post conversion of AGR dues to equities

Live Mint  

The government has passed an order to convert adjusted gross revenue dues of telecom services provider, Vodafone Idea into equities for nearly ₹16,133.2 crore. Joshi added, "Classifying the proposed stake by the government as public shareholding, the regulator in its then order, had stated that the acquisition by the government is proposed with the sole intent of saving the larger …

After Birlas commit to invest, Centre agrees to take equity in Vodafone Idea
1 year, 10 months ago

After Birlas commit to invest, Centre agrees to take equity in Vodafone Idea

Live Mint  

The Union government on Friday directed Vodafone Idea Ltd to issue equity shares against interest on deferred adjusted gross revenue and spectrum dues totalling ₹16,133 crore that India’s No.3 telco owes it. 3 February, 2023 under section 62 of the Companies Act, 2013, directing the company to convert the NPV of the interest related to deferment of spectrum auction instalments …

Vodafone Idea Approaches Banks For Rs 7,000-Crore Loans, Says Report; Shares Down 1.14%
1 year, 11 months ago

Vodafone Idea Approaches Banks For Rs 7,000-Crore Loans, Says Report; Shares Down 1.14%

News 18  

Vodafone Idea has approached lenders including SBI, PNB, HDFC Bank and IDFC First for loans aggregating upward of Rs 7,000 crore, according to an Economic Times report quoting three people aware of the matter. Shares of Vodafone Idea on Friday were trading lower by Rs 0.10 or 1.14 per cent at Rs 7.78 apiece on the BSE during the day. …

Vodafone in Britain in talks about a merger with Hutchison's Three U.K.
2 years, 2 months ago

Vodafone in Britain in talks about a merger with Hutchison's Three U.K.

The Hindu  

Vodafone said on October 3 it was in talks with CK Hutchison about merging their businesses in Britain, to create a market leading operator that could accelerate the roll-out of 5G and expand broadband connectivity. Vodafone said it would own 51% and Hutchison 49% under the deal being discussed, with the shares achieved through differential leverage contribution and no cash …

Vodafone In Talks About Merger With Hutchison's Three UK
2 years, 2 months ago

Vodafone In Talks About Merger With Hutchison's Three UK

News 18  

Vodafone on Monday said it was in talks with CK Hutchison about merging their businesses in Britain, to create a market leading operator that could accelerate the roll-out of 5G and expand broadband connectivity. Vodafone said it would own 51 per cent and Hutchison 49 per cent under the deal being discussed, with the shares achieved through differential leverage contribution …

Govt set to become largest shareholder in Vodafone Idea: Report
2 years, 6 months ago

Govt set to become largest shareholder in Vodafone Idea: Report

Live Mint  

The Central government is reportedly going to become the biggest shareholder of debt-ridden Vodafone Idea Limited, according to CNBT-TV18. Yesterday, Vodafone Idea said that the company has sought shareholders' nod to raise ₹436 crore from its promoter group Vodafone in an extraordinary general meeting. Earlier, Livemint reported that the government would hire a transaction adviser to help manage the conversion …

Vodafone Raises Stake in Vodafone Idea to 47.61%
2 years, 8 months ago

Vodafone Raises Stake in Vodafone Idea to 47.61%

News 18  

British telecom major Vodafone has raised its stake in debt-ridden Vodafone Idea Limited to 47.61 per cent through its subsidiary Prime Metals, a regulatory filing said on Monday. “Prime Metals held 2,18,55,26,081 equity shares, representing 7.61 per cent of the equity share capital, of Vodafone Idea Limited. On Thursday, Vodafone Idea had said that its board has approved the allotment …

Vodafone Idea shares tumble nearly 19% after board offers 35.8% stake to Centre
2 years, 11 months ago

Vodafone Idea shares tumble nearly 19% after board offers 35.8% stake to Centre

Firstpost  

If the plan goes through, then the government will become the biggest shareholder in the company which is reeling under a debt burden of about Rs 1.95 lakh crore. New Delhi: Shares of Vodafone Idea on Tuesday tumbled nearly 19 percent after the debt-ridden firm announced converting about Rs 16,000 crore interest dues liability payable to the government into equity. …

Vodafone Idea Shares Jump Nearly 14 Percent after Arbitration Win, Market Valuation Zooms Rs 3,563.86 Crore
4 years, 2 months ago

Vodafone Idea Shares Jump Nearly 14 Percent after Arbitration Win, Market Valuation Zooms Rs 3,563.86 Crore

News 18  

Shares of Vodafone Idea Ltd zoomed nearly 14 per cent on Friday after Vodafone won the arbitration case against India over Rs 20,000 crore retrospective tax dispute. The company's market valuation rose by Rs 3,563.86 crore to Rs 29,769.86 crore on the BSE. Vodafone has won the arbitration against the Indian government over a demand for Rs 22,100 crore in …

Amazon, Verizon May Invest Over $4 Billion In Vodafone Idea: Report
4 years, 3 months ago

Amazon, Verizon May Invest Over $4 Billion In Vodafone Idea: Report

News 18  

US wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India’s Vodafone Idea Ltd, the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10%. Vodafone Idea’s stake-sale talks had been paused pending the outcome of a court hearing in India, which created uncertainty and could …

Discover Related