Vodafone to sell remaining stake in Indian tower company Indus
1 month 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 used to clear the company's $101 million in debts to existing lenders secured against Vodafone's Indian assets. The remaining will be used to infuse fresh capital into Vodafone Idea, its Indian telecom joint venture with the Aditya Birla Group to clear a portion of its dues to Indus Towers. The Sunil Mittal-led Airtel could be a potential buyer for the shares, according to an Economic Times report which cited unnamed industry executives and added that discussions have been going on for some time.

Indian Vodafone Indus  indian  airtel  tower  sell  million  company  used  indus  vi  sunil  shares  read  stake  remaining  vodafone  dues

History of this topic

Stocks to watch today: Vodafone Idea, RIL, Adani Power, Indo Farm Equipment
2 days, 10 hours ago

Stocks to watch today: Vodafone Idea, RIL, Adani Power, Indo Farm Equipment

India Today  

Stock markets saw a huge decline on Monday as investor concerns grew over the HMPV virus, leading to a large-scale sell-off. Stocks of Indo Farm Equipment, RIL, Adani Power, Mobikwik, BPCL, RIL, Bharti Airtel, Coal India, among others are expected to remain in focus as trading resumes today, January 7, 2025. Indo Farm Equipment raised Rs 260.15 crore through its …

Vodafone Idea likely to launch 5G broadband services in March: Report
Trending News
1 week ago

Vodafone Idea likely to launch 5G broadband services in March: Report

India Today  

Vodafone Idea is planning to launch its 5G mobile broadband services in March, reported The Economic Times. “We are gearing up to launch 5G services and are committed to providing the best experience and price,” a Vodafone Idea spokesperson told the publication. The anticipation of 5G launch helped Vodafone Idea’s shares gain marginally, which were trading at Rs 8.03, up …

Stock to buy: After eroding 55% of investor wealth in 2024, Vodafone Idea could rise 64%, suggests Citi’s target price
1 week, 1 day 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
1 week, 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
1 week, 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 …

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024
2 weeks, 3 days ago

Airtel Gains Subscribers While Jio and Vodafone Idea Lose; BSNL Sees Small Growth in October 2024

New Indian Express  

NEW DELHI: For the first time since the tariff hike announced by private telecom operators in July 2024, Bharti Airtel added 1.9 million subscribers in October 2024. However, Reliance Jio, India's largest telecom service provider, continued to lose subscribers, with a loss of 3.76 million, while Vodafone Idea Limited lost around 1.97 million customers. Vodafone Idea, India's third-largest telecom operator, …

Vodafone Idea share price climbs over 2%; here’s why
4 weeks, 2 days ago

Vodafone Idea share price climbs over 2%; here’s why

Live Mint  

Vodafone Idea share price climbed over 2 per cent in early trade on Tuesday, December 10, a day after the company announced its board of directors had approved the issuance of up to 175.53 crore shares on a preferential basis to two Vodafone Group entities to raise up to ₹1,980 crore. Vodafone Idea share price opened at ₹8.25 against its …

VIL to raise Rs 1,980 cr through preferential issue
4 weeks, 2 days 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 …

Stocks to watch today: Adani stocks, Vodafone Idea, Godrej Consumer, Tata Motors
4 weeks, 2 days ago

Stocks to watch today: Adani stocks, Vodafone Idea, Godrej Consumer, Tata Motors

India Today  

Stock markets ended in red on Monday, dragged down by losses in FMCG and auto stocks. As markets reopen today, several stocks, including Vodafone Idea, Tata Motors, NHPC, Brookfield India REIT, Premier Polyfilm, Torrent Power, and Datamatics Global Services, are likely to be in focus due to recent announcements and developments. ADANI GROUP STOCKS The Adani Group announced plans to …

Indus Towers’ Achilles heel to get less sore with Vodafone Plc’s stake sale
1 month ago

Indus Towers’ Achilles heel to get less sore with Vodafone Plc’s stake sale

Live Mint  

Indus Towers Ltd is set to get some relief from Vodafone Plc’s announcement that it will sell its stake of 3% in the company. Out of the estimated proceeds worth ₹2,800 crore, an amount of ₹1,900 crore would be used to repay Vodafone Idea Ltd’s past dues to Indus, which stood at ₹3,500 crore in September. The development can boost …

Vodafone Idea shares in focus as board to consider ₹2000 crore fundraise proposal today
1 month 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 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 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 Idea share price gains 4.5%: To consider raising funds on 9 December
1 month ago

Vodafone Idea share price gains 4.5%: To consider raising funds on 9 December

Live Mint  

Stock Market Today: Vodafone Idea share price saw sharp gains of 4.5% in the morning trades on Thursday. The board meeting is scheduled for 9 December to consider raising funds The Vodafone Idea share price opened at ₹8.79 on the BSE on Thursday, 4.5% higher than the previous close of ₹8.41 on Wednesday. Vodafone Group Plc announces that it has …

Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of Vi dues
1 month ago

Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of Vi dues

Live Mint  

New Delhi, Dec 4 British telecom company Vodafone will sell 3 per cent stake in Indus Towers to clear its debt of USD 101 or about ₹856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea. "Vodafone Group Plc announces that it has launched a placing of its remaining 79.2 million shares in …

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

Telcos to ring-in profit gains. Airtel leads the pack in September quarter
1 month, 1 week ago

Telcos to ring-in profit gains. Airtel leads the pack in September quarter

Live Mint  

It was a foregone conclusion that Indian private telecom companies would do well in the September quarter thanks to the tariff hikes taken in July and the ongoing premiumization trend of SIM card upgrades. This has played out with aggregate wireless revenue for the three private telcos—Reliance Jio Infocomm Ltd, Bharti Airtel Ltd’s India arm, and Vodafone Idea Ltd—rising by …

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden
1 month, 2 weeks ago

Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden

Live Mint  

Vodafone Idea's plan to raise ₹35,000 crore may get a shot in the arm from the Union Cabinet's decision to waive bank guarantees from telecom operators for airwaves bought in auctions till 2022. The Union Cabinet approved a proposal to waive bank guarantees that telecom service providers need to submit for spectrum auctioned till 2022,Mint reported on Tuesday. Despite the …

91% upside potential! Nomura is bullish on telecom stock Vodafone Idea post Q2 results, retains ’buy’ call
1 month, 3 weeks 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, 3 weeks 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 and Three £15bn merger could get green light, UK watchdog says
2 months ago

Vodafone and Three £15bn merger could get green light, UK watchdog says

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 The £15 billion merger between …

Vodafone Rallies 10% As Company Signs $3.6 bn Deal With Nokia, Ericsson; Key Details
3 months, 2 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 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, 1 week 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 …

Spectrum auction Day 1: Telecoms place bids worth about ₹11,000 crore in 5 rounds: 6 Key things to know
6 months, 2 weeks ago

Spectrum auction Day 1: Telecoms place bids worth about ₹11,000 crore in 5 rounds: 6 Key things to know

Live Mint  

Telecom operators have placed bids worth ₹11,000 crore on the first day of the spectrum auctions that saw five rounds of bidding, reported PTI quoting anonymous sources. “Telecom operators have placed bids of around ₹11,000 crore on Day 1. Telecom companies like Bharti Airtel Limited, Vodafone Idea Ltd, and Reliance Jio Infocomm Ltd, were the three to take part in …

Residual funds from Voda’s Indus Towers stake sale may go towards latter’s dues
6 months, 2 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 …

VIL issues Rs 2,458 crore equities to Nokia, Ericsson
6 months, 3 weeks ago

VIL issues Rs 2,458 crore equities to Nokia, Ericsson

New Indian Express  

NEW DELHI: Vodafone Idea, India’s third-largest telecom service provider, approved allotment of 166 crore equity shares worth Rs 2,458 crore to two of its key vendors, Nokia Solutions and Networks India Private Limited, and Ericsson India Private Limited. The move will help the debt-laden telco to roll out a 5G network in and improve its 4G services as both Nokia …

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade
7 months, 2 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. …

Airtel to buy Vodafone UK's stake in Indus Towers? 'Not in any discussion'
8 months, 2 weeks ago

Airtel to buy Vodafone UK's stake in Indus Towers? 'Not in any discussion'

Hindustan Times  

Bharti Airtel said that it is "not in any discussion" to buy Vodafone UK's stake in Indus Towers. This comes after it was reported that Bharti Airtel is in talks to buy UK-based Vodafone Group's 21.05% stake in Indus Towers. The Economic Times reported that discussions were stalled over valuation as Airtel was not willing to buy the stake at …

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

Airtel arm Bharti Hexacom IPO possible in April, gets Sebi nod: Top things you need to know about the issue
9 months, 2 weeks ago

Airtel arm Bharti Hexacom IPO possible in April, gets Sebi nod: Top things you need to know about the issue

Hindustan Times  

Bharti Hexacom, which is owned by telecom major Bharti Airtel, could likely bring its IPO in April first week, seeking valuation of over ₹28,000 crore, CNBC-TV18 reported. The IPO size could be around ₹4,300 crore, the report added after Bharti Hexacom received approval from the Securities and Exchange Board of India to go ahead with its IPO plans. Bharti Hexacom …

Govt will look at right opportunity to pare its stake in Vi: Telecom dept secy
10 months, 1 week 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, 1 week 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 needs cash to reconnect with both investors and subscribers
11 months, 1 week ago

Vodafone needs cash to reconnect with both investors and subscribers

Live Mint  

Telecom operator Vodafone Idea Ltd faces a daunting set of challenges, with declining subscriber base a key concern. This indicates that some of the higher usage subscribers of Vodafone Idea could be porting out, possibly to take advantage of Bharti Airtel’s and Reliance Jio’s 5G network, said an Axis Capital report dated 30 January. “The significant amount of cash required …

BofA Securities ‘double upgrades’ this stock, sees an upside of 29%
11 months, 4 weeks ago

BofA Securities ‘double upgrades’ this stock, sees an upside of 29%

Live Mint  

Brokerage firm BoFA Securities has elevated its rating on Indus Towers Ltd. to a "buy," emphasizing a favorable "risk-reward" scenario. According to a note from BofA Securities, Indus Towers has encountered challenges such as rising receivables, a decline in Earnings before Interest, Tax, Depreciation, and Amortisation, reduced dividends, among other issues. The note points out that Vodafone Idea had faced …

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 …

Vodafone Idea clears air on talks with Elon Musk's Starlink
1 year 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 Idea Stocks Soar 23% Amidst Buzz Of Equity Infusion
1 year ago

Vodafone Idea Stocks Soar 23% Amidst Buzz Of Equity Infusion

News 18  

Vodafone Idea Share News Update: On the final trading day of the year, Vodafone Idea shares hit a new 52-week peak, surging nearly 23% on December 29. Over the last six months, Vodafone Idea shares have more than doubled investors’ wealth, marking a substantial gain of 116.78 percent. On December 29, the trading volume for Vodafone Idea was notably elevated …

Vodafone Idea shares jump 17% to 52-week high
1 year ago

Vodafone Idea shares jump 17% to 52-week high

Live Mint  

Vodafone Idea share price jumped over 17% to 52-week high on Friday amid high volumes traded on stock exchanges. Vodafone Idea shares surged as much as 17.37% to a fresh high of ₹15.54 apiece on the BSE. The traded volumes of Vodafone Idea shares on December 29 was 84 crore. Vodafone Idea shares have jumped 30% in the past three …

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 …

Indus Towers Q1 Results: Net profit surges 182% to ₹1,348 cr, revenue up 3%
1 year, 5 months ago

Indus Towers Q1 Results: Net profit surges 182% to ₹1,348 cr, revenue up 3%

Live Mint  

Indus Towers Q1 Results: Indus Towers announced its April-June quarter results for fiscal 2023-24 on July 27, reporting a surge of 182 per cent in consolidated net profit at ₹1,348 crore, compared to ₹477 crore in the corresponding period last year. At the operating level, the company's earnings before interest, taxes, depreciation, and amortization jumped 30.6 per cent to ₹5,341.2 …

Bharati Airtel evaluating offshore bond issue; likely to raise up to $1 billion
1 year, 6 months ago

Bharati Airtel evaluating offshore bond issue; likely to raise up to $1 billion

Live Mint  

Telecom major Bharti Airtel is considering an offshore bond issue and is likely to raise up to $1 billion, two people aware of the matter told Economic Times. As per the report, this comes as the telecom giant plans to refinance high cost debt, strengthen its balance sheet and also cover some of its 5G capital expenditure requirements. Meanwhile, market …

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 …

Vodafone and Three unveil mega-merger to form UK’s biggest mobile operator
1 year, 6 months ago

Vodafone and Three unveil mega-merger to form UK’s biggest mobile operator

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 and Three UK have …

Airtel may take control of Indus if volatility due to Vi persists: Gopal Vittal
1 year, 7 months ago

Airtel may take control of Indus if volatility due to Vi persists: Gopal Vittal

Live Mint  

NEW DELHI: Airtel is willing to take on the ownership of tower provider Indus Towers which has been facing issues due to financial troubles of its key customer Vodafone Idea, Airtel MD and CEO Gopal Vittal told analysts in the earnings call for Q4FY23. Vittal’s comments on Indus come on the back of Vodafone PLC flagged concerns about Vodafone Idea’s …

Vodafone Idea in talks with gear vendors for 5G rollout
1 year, 10 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 …

Vodafone Idea In Talks With Lenders For Refinancing Rs 40,000 Crore Loans: Report
1 year, 10 months ago

Vodafone Idea In Talks With Lenders For Refinancing Rs 40,000 Crore Loans: Report

News 18  

Vodafone Idea has started discussions with major banks, including State Bank of India, Punjab National Bank and HDFC Bank, to refinance Rs 30,000-40,000 crore loans, according to an ET report quoting bankers familiar with the matter. It added that refinancing of some debt will help free up cash for Vodafone Idea, which needs to pay substantial vendor dues – to …

Vodafone Idea hold talks to refinance ₹3,000-4,000 cr of loans: Report
1 year, 10 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 …

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