Vodafone says future in India could be in doubt after Supreme Court judgment over licence fees
5 years, 2 months ago

Vodafone says future in India could be in doubt after Supreme Court judgment over licence fees

Firstpost  

Nick Read, Vodafone’s CEO said the company was not committing any more equity to India and the country effectively contributed zero value to the company’s share price. Vodafone said its future in India could be in doubt unless the government stopped hitting operators with higher taxes and charges, after a court judgment over licence fees resulted in a 1.9 billion euro group loss in its first half. Read said Vodafone was not committing any more equity to India and the country effectively contributed zero value to the company’s share price. It increased its forecast for adjusted core earnings to 14.8-15.0 billion euros from its previous forecast of 13.8-14.2 billion euros, but said India and lower cash flows following the sale of assets in New Zealand meant free cash flow would be “around” 5.4 billion euros, rather than the “at least” 5.4 billion euros previously forecast.

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Vodafone sells remaining £269 million stake in Indian telecoms group
5 days, 19 hours ago

Vodafone sells remaining £269 million stake in Indian telecoms group

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Vodafone has sold its shares …

Stock to buy: After eroding 55% of investor wealth in 2024, Vodafone Idea could rise 64%, suggests Citi’s target price
2 weeks ago

Stock to buy: After eroding 55% of investor wealth in 2024, Vodafone Idea could rise 64%, suggests Citi’s target price

Live Mint  

Stock to buy: While Vodafone Idea shares wiped off nearly 50 per cent of investor wealth in 2024, it did not deter global brokerage Citi from upgrading the stock. Indus Towers’ dividend yield of over 6 per cent was highlighted as an undervalued aspect of the stock, with improved payment visibility from Vodafone Idea further enhancing its appeal. In an …

Vodafone Idea shares in focus today: 2 things to know about the telecom stock
2 weeks, 3 days ago

Vodafone Idea shares in focus today: 2 things to know about the telecom stock

India Today  

Shares of Vodafone Idea Ltd will be in the spotlight in Monday's trading session following two huge developments. Additionally, Vodafone Group, a promoter entity, has settled Rs 11,650 crore of its outstanding dues, releasing pledged shares in Vodafone Idea. BANK GUARANTEE WAIVER Vodafone Idea informed the stock exchanges that the DoT, in a communication dated 27 December 2024, has waived …

Vodafone Group clears dues owed to lenders worth ₹11,650 cr
2 weeks, 4 days ago

Vodafone Group clears dues owed to lenders worth ₹11,650 cr

Hindustan Times  

UK-based Vodafone Group has cleared dues of around ₹11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing. "On 27 December 2024, HSBC Corporate Trustee Company Limited acting as the security trustee for the lenders has released the pledges pursuant to repayment of the outstanding dues owed to the lenders …

Vodafone Idea shares in focus as board to consider ₹2000 crore fundraise proposal today
1 month, 1 week ago

Vodafone Idea shares in focus as board to consider ₹2000 crore fundraise proposal today

Live Mint  

Stock in focus: Vodafone Idea Limited shares are in the spotlight today, December 9 as the company's board will convene to deliberate on a ₹2,000 crore fundraising proposal. Vodafone Idea share price closed in the green, up 0.50 per cent at ₹8.12 on December 6, as per BSE. “The trading window for dealing in securities of the Company shall be …

Vodafone Idea board to meet today and decide on ₹2,000 crore fundraise
Trending News
1 month, 1 week 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
1 month, 1 week 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 to sell remaining stake in Indian tower company Indus
1 month, 1 week ago

Vodafone to sell remaining stake in Indian tower company Indus

Hindustan Times  

The UK's Vodafone Group Plc is selling the whole 3% of stake it owns of Indus Towers in a $300 million deal to exit the company which is now a Bharti Airtel subsidiary. The Sunil Mittal-led Airtel could be a potential buyer for the Indus Tower shares from Vodafone UK The proceeds from selling the 79.2 million shares will be …

Vodafone UK to sell remaining 3% stake in Indus Towers via book build offering for repaying debt
1 month, 1 week 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
2 months 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
2 months 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, 3 weeks 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, …

Vodafone Idea's stock plummets 14 per cent after Goldman Sachs' bleak forecast
4 months, 1 week ago

Vodafone Idea's stock plummets 14 per cent after Goldman Sachs' bleak forecast

New Indian Express  

NEW DELHI: Vodafone Idea's share price plummeted by as much as 14 per cent on Friday after Goldman Sachs predicted a potential downside of over 80 per cent from the stock's last closing level. The global brokerage firm set a target price of Rs 2.5 per share, triggering a sell-off in the telecom service provider's stock. According to Goldman Sachs, …

Indus Towers eyes improved cash flows amid better collections from Vodafone Idea
5 months, 2 weeks ago

Indus Towers eyes improved cash flows amid better collections from Vodafone Idea

Live Mint  

Indus Towers, India's leading telecom tower provider, is anticipating a boost in free cash flows due to an expected rise in co-locations from Vodafone Idea and improved collection of past dues from the carrier. Indus Towers has opted for a share buyback worth ₹2,640 crore to distribute returns to shareholders in a tax-efficient manner, particularly ahead of the upcoming tax …

Residual funds from Voda’s Indus Towers stake sale may go towards latter’s dues
6 months, 3 weeks ago

Residual funds from Voda’s Indus Towers stake sale may go towards latter’s dues

Live Mint  

Indus Towers would stand to receive residual funds, if any, from Vodafone Group Plc's stake sale in the company, owing to the secondary pledge it has on Vodafone's 21% stake in the telecom tower provider. “Indus has a secondary pledge on Vodafone Plc’ 21% stake and if the sale goes through then Vodafone will first clear the dues of the …

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade
7 months, 3 weeks ago

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade

Business Standard  

A 'likely' relief on the government dues front for Vodafone Idea and expectations of telecom tariff hikes could drive the share prices up by 70-80 per cent, global broking firm UBS said in a report. "Assuming AGR dues are completely waived off, our DCF value could increase to Rs 24 per share, versus Rs 12 when there is no waiver. …

Vodafone Idea Rs 18,000-crore FPO Anchor Book Opens Today, Stock Falls 4%
9 months ago

Vodafone Idea Rs 18,000-crore FPO Anchor Book Opens Today, Stock Falls 4%

News 18  

Shares of Vodafone Idea dropped as much as 3.95 per cent to hit an intraday low of Rs 12.64 per share. Vodafone Idea’s FPO will open for subscription on April 18 and close on April 22, 2024 with the price band of the issue fixed at Rs 10-11 per share. Foreign institutional investors such as Rajiv Jain-led GQG Partners, Fidelity, …

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod
9 months, 1 week ago

Vodafone Idea to raise ₹2075 crore from Aditya Birla Group, gets board nod

Hindustan Times  

The board of debt-ridden Vodafone Idea has approved a proposal to raise ₹2075 crore from promoter Aditya Birla Group, the telecom operator informed in a regulatory filing on Saturday. Vodafone Idea board has approved issuance of up to 1,395,427,034 equity shares to Oriana Investments, an entity of the Aditya Birla Group “The Vodafone Idea board has approved issuance of up …

Voda Idea gets board nod to raise Rs 2,075 cr from Aditya Birla group
9 months, 1 week ago

Voda Idea gets board nod to raise Rs 2,075 cr from Aditya Birla group

India TV News  

Debt-ridden telecom firm Vodafone Idea on Saturday said its board has approved raising Rs 2,075 crore from promoter Aditya Birla group and increasing its authorised share capital to Rs 1 lakh crore. The Vodafone Idea board has approved "issuance of up to 1,395,427,034 equity shares of face value of Rs 10 each at an issue price of Rs 14.87 per …

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy
10 months, 2 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 plans to raise ₹45,000 crore to match rivals Jio and Airtel
10 months, 2 weeks ago

Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel

Hindustan Times  

Struggling telecom firm Vodafone Idea on Tuesday said its board has approved raising up to ₹20,000 crore in equity from promoters and other investors by June as it looks to shore up finances for much delayed 5G roll out and strengthening 4G services. The debt-laden firm, where the government also holds just over 33 per cent equity stake, plans to …

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act
1 year ago

Vodafone Idea to contest ₹10.76 crore penalty order under CGST Act

Live Mint  

Vodafone Idea Limited on 4 January announced that it will take appropriate legal action for rectification and reversal of an order it received under the Central Goods and Services Tax Act, 2017, entailing a penalty of ₹10.76 crore. "The company does not agree with the order and will take appropriate action for rectification/ reversal of the same," Vodafone Idea said …

Bombay HC orders tax refund of ₹1,128 crore to Vodafone Idea
1 year, 2 months ago

Bombay HC orders tax refund of ₹1,128 crore to Vodafone Idea

Live Mint  

The Bombay High Court has directed the Income Tax department to refund ₹1,128 crore to Vodafone Idea paid by the telecom operator in taxes for the assessment year 2016-2017. In its judgement passed on Wednesday, the Bombay HC ruled that the assessment order passed by the department in August this year against the beleaguered telecom operator was “time barred and …

DoT rejects Voda Idea license fee review plea
1 year, 3 months ago

DoT rejects Voda Idea license fee review plea

Live Mint  

New Delhi: The department of telecommunications has rejected Vodafone Idea’s plea to review licence fee demands of ₹3,273 crore for fiscal 2016 and 2017, India’s No. The Aditya Birla Group-promoted company said it was deciding on the next course of action since it had filed a plea with the Supreme Court for the DoT to correct some “errors” in the …

Vodafone Idea Removes 25,000 Retail Partners In India To Cut Costs: Report
1 year, 6 months ago

Vodafone Idea Removes 25,000 Retail Partners In India To Cut Costs: Report

News 18  

Cash-strapped Vodafone Idea has removed about 25,000 or about 5-7 per cent of its retail partners in India to cut costs, according to an ET report. It said Vodafone Idea has purged the partners from the multi-brand retailer segment and the company has also stopped paying commissions. In the quarter ended on March 31, 2023, Vodafone Idea’s consolidated loss narrowed …

The decline of Vodafone – and what’s really gone wrong
1 year, 8 months ago

The decline of Vodafone – and what’s really gone wrong

The Telegraph  

Once one of the world’s largest telecoms companies, Vodafone has struggled to halt a precipitous decline that has seen its share price slump by almost 60pc over the last five years. Della Valle, who has been at the company for almost three decades and most recently served as chief financial officer, was named interim chief executive and ultimately appointed to …

ATC's business to witness troublesome time in India because of Vodafone Idea's payment issue: Know more
1 year, 8 months ago

ATC's business to witness troublesome time in India because of Vodafone Idea's payment issue: Know more

India TV News  

In the annual report for 2022, it was stated that Vodafone Idea has been running continuously running short of payments and it might affect the Indian operations of Boston-based American Tower Corporation. In the annual report, ATC said, “Continued partial payments from VIL could have further negative effects on our fixed assets, intangible assets or goodwill, could result in additional …

Vodafone Idea in talks with gear vendors for 5G rollout
1 year, 11 months ago

Vodafone Idea in talks with gear vendors for 5G rollout

Live Mint  

Vodafone Idea needs to raise ₹ 20k cr in debt and equity from investors to plough into 5G New Delhi: Vodafone Idea is in advanced discussions with telecom equipment makers for its 5G rollout strategy and will comply with minimum 5G rollout obligations, chief executive Akshaya Moondra said on Wednesday, indicating that the No. {{^adFree}} {{/adFree}} On 5G minimum rollout …

Jet Airways CEO Sanjiv Kapoor asks Vodafone to 'stop calling him'; here's what happened next
1 year, 11 months ago

Jet Airways CEO Sanjiv Kapoor asks Vodafone to 'stop calling him'; here's what happened next

Firstpost  

Jet Airways CEO’s viral tweet about Vodafone Idea has garnered a lot of attention on social media. The same was the case with Jet Airways CEO Sanjiv Kapoor who recently took to Twitter and shared his displeasure with Vodafone Idea for their ‘poor’ service. Taking to Twitter, the Jet Airways CEO wrote, “Dear Vodafone Idea: please stop calling me repeatedly …

Vodafone Idea hold talks to refinance ₹3,000-4,000 cr of loans: Report
1 year, 11 months ago

Vodafone Idea hold talks to refinance ₹3,000-4,000 cr of loans: Report

Live Mint  

Debt-ridden telecom operator Vodafone Idea has started fresh talks with key lenders – State Bank of India, Punjab National Bank and HDFC Bank – to refinance ₹3,000 to 4,000 crore of loans, according to an Economic Times report. Last week, Vodafone Idea had approved the allotment of equity shares worth ₹16,133 crore to the government, which post-allocation has become the …

Vodafone Idea approves allotment of shares to Govt; GoI holds 33.44% in co
1 year, 11 months ago

Vodafone Idea approves allotment of shares to Govt; GoI holds 33.44% in co

Live Mint  

Telecom operator Vodafone Idea on Tuesday said that the company's board of directors has approved the allotment of 16,133,184,899 equity share to the government. The government on Friday directed Vodafone Idea Ltd to issue equity shares against interest on deferred adjusted gross revenue and spectrum dues of ₹16,133 crore that it owes. The equity conversion plan comes more than a …

Vodafone Idea shares skyrocket after relief in AGR dues payment. Buy or sell?
1 year, 11 months ago

Vodafone Idea shares skyrocket after relief in AGR dues payment. Buy or sell?

Live Mint  

Vodafone Idea shares: After getting relief from the Government of India on AGR dues payment, Vodafone Idea share price has been iin uptrend since morning. Vodafone Idea share price today opened upside and went on to hit intraday high of ₹8.55 apiece levels, logging to the tune of 25 per cent rise on Monday morning deals. According to stock market …

Govt to become largest shareholder in Vi post conversion of AGR dues to equities
1 year, 11 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, 11 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 | Centre approves conversion of ₹16,133 crore interest dues into equity
1 year, 11 months ago

Vodafone Idea | Centre approves conversion of ₹16,133 crore interest dues into equity

The Hindu  

The government has approved conversion of over ₹16,133 crore interest dues of debt-ridden Vodafone Idea into equity, the company said in a regulatory filing on Friday. passed an order today ie 3 February, 2023. directing the Company to convert the NPV of the interest related to deferment of spectrum auction instalments and AGR Dues into equity shares to be issued …

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector
1 year, 11 months ago

Data | Vodafone out of ideas: With Airtel and Jio going strong, duopoly concerns emerge in telecom sector

The Hindu  

The fate of India’s third-largest telecom, Vodafone-Idea, is hanging in the balance. Click to subscribe to our Data newsletter Apart from losing subscribers, Vodafone-Idea’s average revenue per user per month has also failed to keep pace with that of its rivals. Chart 3 shows the average revenue earned per user per month by private service providers in wireless services. The …

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

’Telecom tariffs at unsustainable levels, industry needs price correction’
2 years, 2 months ago

’Telecom tariffs at unsustainable levels, industry needs price correction’

Live Mint  

Telecom operator Vodafone Idea has said telecom tariffs in India continue to remain at "unsustainable levels" and the industry needs "tariff correction" to support continued investments. And we believe that industry needs further tariff correction to support the continued investments going forward," Vodafone Idea CEO Akshaya Moondra said during the company's analyst call on Q2 FY23 earnings on Friday. Over …

Vodafone Idea Shares Dip as Loss Widens on Higher Expenses; Should Investors Do Now?
2 years, 2 months ago

Vodafone Idea Shares Dip as Loss Widens on Higher Expenses; Should Investors Do Now?

News 18  

Vodafone Idea Share Price: Vodafone Idea shares were trading at Rs 8.40 on the NSE and were down nearly 2 per cent on Friday after the company’s September quarter results failed to impress the street. The company reported a net loss of Rs 7,595.50 crore for July-September which was up 4 per cent sequentially. Operating profit in the quarter declined …

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 Idea share price rises as Amazon pledges whopping investment - Details
2 years, 7 months ago

Vodafone Idea share price rises as Amazon pledges whopping investment - Details

India TV News  

Vodafone Idea reportedly witnessed a hike in the share prices after Amazon, the e-commerce giant set to invest in the company by up to Rs 20,000 crore, with the struggling telecom operator with a huge network in the country. However, the telecom company has witnessed a persistent loss of subscribers which did affect the company even as the telecom sector …

Vodafone Idea Losses Continue in Its Third Quarter of 2021
2 years, 11 months ago

Vodafone Idea Losses Continue in Its Third Quarter of 2021

News 18  

New Delhi, Jan 21: Debt-ridden telecom operator Vodafone Idea on Friday reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021. Its subscriber base declined to 24.72 crore from 26.98 crore in the same quarter a year ago because of tariff hikes by the company. Despite tariff hikes, average revenue per user during …

The 'pretend nationalisation' of Vodafone India
2 years, 11 months ago

The 'pretend nationalisation' of Vodafone India

The Hindu  

I N what is seen as paradoxical by many, the National Democratic Alliance government which accelerated privatisation, pledging to sell as much of public sector equity as it can and monetise a bunch of public assets, has decided to acquire a stake in private telecom player Vodafone India. At the end of that competitive battle, there were principally three private …

TMS Ep85: Tata IPL branding, power plants, Voda Idea & TTML, vaccine
3 years ago

TMS Ep85: Tata IPL branding, power plants, Voda Idea & TTML, vaccine

Business Standard  

Tata Group has now made its debut into the Indian Premier League, as a sponsor starting this year. So, is the over 100-year-old company’s googly meant to startle the young crowd?To keep the IPL match’s floodlights running, tons of coal is burnt in power plants somewhere. Equity dilution and discounted price of debt conversion has worried investors of Vodafone Idea …

Vodafone Idea CEO says Centre doesn't want to take over company's operations
3 years ago

Vodafone Idea CEO says Centre doesn't want to take over company's operations

Firstpost  

VIL Managing Director and CEO Ravinder Takkar told reporters in a virtual briefing that there is no condition in the Telecom Department’s letter on equity conversion option, which allows for board seats for the government. New Delhi: A day after Vodafone Idea Ltd opted to convert interest on dues to government equity, its CEO on Wednesday said the government had …

Why is the government stake in Voda Idea puzzling markets?
3 years ago

Why is the government stake in Voda Idea puzzling markets?

Business Standard  

The government taking a 35.8% holding in Vodafone Idea has surprised many. Against this backdrop, the government of India is set to become the single largest shareholder in struggling Vodafone Idea after the telco opted to convert interest worth Rs 16,000 crore on deferred spectrum liabilities and Adjusted Gross Revenue dues into equity. It had previously accepted a four year …

Vodafone Idea shares tumble nearly 19% after board offers 35.8% stake to Centre
3 years 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. …

Is the worst over for Vodafone Idea stock?
3 years, 1 month ago

Is the worst over for Vodafone Idea stock?

Business Standard  

India’s third largest telecom player, Vodafone Idea, has been in the news for quite some time now, for all the right reasons.Starting from the government’s relief package in September to tariff hikes in November, the debt-laden telco seems to be getting its act together.Now, according to a Business Standard report, the company has managed to raise funds for interest payment …

Explained | Can the telecom industry get out of the rut?
3 years, 3 months ago

Explained | Can the telecom industry get out of the rut?

The Hindu  

The story so far: The Union Cabinet on Wednesday approved a set of financial relief measures to help major telecom companies in trouble. In 2019, the Supreme Court had ordered telecom companies to pay dues worth over ₹1.4 lakh crore to the government, which they are yet to complete. The dispute landed in court and eventually ended in favour of …

Vodafone Idea may be strapped for cash, but it is putting up a hard fight
3 years, 6 months ago

Vodafone Idea may be strapped for cash, but it is putting up a hard fight

Live Mint  

Vodafone Idea Ltd shareholders are an interesting lot. View Full Image Data mining What’s more, in the premium 4G segment, the company has added 4 million subscribers in each of the past two quarters. It has also gained data traffic market share in the March quarter, with its total traffic growth exceeding the growth of Reliance Jio, according to data …

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