Vodafone Idea Says DoT’s BG Waiver Comes As ‘Relief For Telecom Industry’
1 week, 4 days ago

Vodafone Idea Says DoT’s BG Waiver Comes As ‘Relief For Telecom Industry’

ABP News  

The telecom department waived off the bank guarantee requirement required for spectrum auctions, Vodafone Idea said on Saturday. Before the reform, Vodafone Idea Limited was required to submit nearly Rs 24,800 crore in bank guarantees against each spectrum installment, 13 months prior to the installment falling due for the above auctions, the firm informed via an official filing. The company further extended its gratitude to the authorities for their ‘continued support to the telecom industry’ via the latest step of the bank guarantee waiver. In a communication dated December 27, 2024, the DoT informed that it has dispensed with the need to submit Financial Bank Guarantees for the spectrum bought in the auctions conducted in 2012, 2014, 2015, 2016, and 2021, subject to terms and conditions.

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History of this topic

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 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 …

Vi outperforms Jio and Airtel, offers best 4G as per latest report
Trending News
1 month ago

Vi outperforms Jio and Airtel, offers best 4G as per latest report

India TV News  

Vodafone Idea has been facing challenges in recent years due to a decline in its number of users. Vi 4G coverage In terms of 4G network quality, Vodafone Idea claims that they are upgrading 100 mobile towers every hour to enhance connectivity for their users. According to a recent report by Open Signal, Vodafone Idea has now outperformed all other …

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-Idea plans to become expensive from July 4: Here are the new rates
6 months, 1 week ago

Vodafone-Idea plans to become expensive from July 4: Here are the new rates

India TV News  

After Airtel and Jio, Vodafone-Idea has also decided to increase its mobile tariffs. Plans will become more expensive from July 4 According to a PTI report, Vodafone Idea stated that the company had designed an excellent range of feature-rich plans to meet the diverse needs of its consumers. At the same time, the price of the company's popular plan with …

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. …

DoT to hold spectrum auctions starting 20 May
10 months ago

DoT to hold spectrum auctions starting 20 May

Live Mint  

NEW DELHI: The Department of Telecommunications will conduct the next round of spectrum auctions on 20 May, where frequencies valued at ₹96,317.65 crore across eight bands will be up for grabs. Now telecom service providers will get opportunity to buy spectrum regularly in a transparent way,” telecom minister Ashwini Vaishnaw said in a social media post on X, after the …

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 …

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 denies discussions with Musk on Starlink services management
1 year ago

Vodafone Idea denies discussions with Musk on Starlink services management

India TV News  

Vodafone Idea has recently denied the reports which state that it is in talks with Elon Musk- CEO of Tesla and SpaceX for managing its affordable satellite-based Internet service Starlink in India. In an exchange filing, the telecom provider said, “We would like to submit that the company is not in any such discussion with the named party.” Vodafone Idea …

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 seeks 30 more days to pay ₹1,680 cr spectrum auction instalment
1 year, 4 months ago

Vodafone Idea seeks 30 more days to pay ₹1,680 cr spectrum auction instalment

Hindustan Times  

Debt-ridden Vodafone Idea has sought 30 days more time to pay around ₹1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. Vodafone idea has also acquired a 5G spectrum in mid-band and millimetre wave in the 26 GHz band in July 2022 spectrum auction. "We have submitted a letter to DoT that we …

Vodafone Idea giving a discount of Rs 2,400 on recharge: All you need to know
1 year, 5 months ago

Vodafone Idea giving a discount of Rs 2,400 on recharge: All you need to know

India TV News  

In India's telecom industry, players like Jio, Airtel and Vodafone Idea have long been prominent players. This program grants the VI customers a recharge discount offer of up to Rs 2,400, aiming to attract and retain its user base amid the fierce 5G competition with Jio and Airtel. Offer lasts till 30th September The new Vi offer is available only …

Vodafone brings 7 new prepaid plans starting at Rs 17 onwards
1 year, 7 months ago

Vodafone brings 7 new prepaid plans starting at Rs 17 onwards

India TV News  

Vodafone Idea, the telecom company which has been in the news for not entering the 5G bandwagon in India is working towards retaining its customer base in the nation. As per the reports, the company has brought around 7 new prepaid plans for consumers. Out of the newly released prepaid plans, two of the data vouchers have unlimited night data. …

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 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 …

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, ATC Agree to Extend Rs 1,600-Crore Debentures Date Till February 28
2 years ago

Vodafone Idea, ATC Agree to Extend Rs 1,600-Crore Debentures Date Till February 28

News 18  

Debt-ridden Vodafone Idea and its vendor ATC Telecom Infrastructure have agreed to extend the last date for a subscription of Rs 1,600 crore optionally convertible debentures till February 28, the telecom operator said in a regulatory filing. The conditions for approval include the nod of VIL shareholders and conversion of interest liability on the company arising from the deferment of …

’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 to leverage strong rural India presence: Birla at 5G launch
2 years, 3 months ago

Vodafone Idea to leverage strong rural India presence: Birla at 5G launch

Hindustan Times  

Aditya Birla Group chairman Kumar Mangalam Birla on Saturday said Vodafone Idea will leverage its strong presence in rural India, enterprise customers and tech partners as well as the global expertise of Vodafone Group for progressively rolling out 5G network and services. Aditya Birla Group chairman Kumar Mangalam Birla at the inauguration of the India Mobile Congress 2022 at Pragati …

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation
2 years, 4 months ago

Airtel's Sunil Mittal hails Modi govt's efficiency in 5G spectrum allocation

Op India  

On Thursday, the Bharti Airtel founder and Chairman Sunil Bharti Mittal lauded the PM Modi led-government for ease of doing business after the company received an allocation letter for the designated 5G spectrum within hours of payment of the dues. Reports mention that the Department of Telecommunications has received an upfront payment of around Rs 17,876 crore from companies including …

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business
2 years, 4 months ago

Airtel gets spectrum allocation letter, Sunil Mittal hails ease of doing business

The Hindu  

Bharti Airtel received spectrum allocation letter within few hours of making upfront payment to the Department of Telecom, Bharti Enterprises founder and chairman Sunil Bharti Mittal said on Thursday. "Airtel paid ₹8,312.4 crore towards spectrum dues and was provided the allocation letter for the designated frequency bands within hours. The Department of Telecom has received payment of around ₹17,876 crore …

Vodafone Idea says industry needs tariff increases at regular intervals
2 years, 5 months ago

Vodafone Idea says industry needs tariff increases at regular intervals

Hindustan Times  

Struggling telecom operator Vodafone Idea Ltd says the industry needs to raise mobile tariffs at regular intervals as the sector still operates at unsustainably low prices and revisions will allow it to generate reasonable returns and support future investments. "The company thus believes that the industry will have to further raise tariffs at regular intervals, which is essential for operators …

Explained | How will the 5G spectrum sale impact the sector?
2 years, 5 months ago

Explained | How will the 5G spectrum sale impact the sector?

The Hindu  

The story so far: The auction of telecom spectrum, including bands for offering fifth generation technology services, concluded on Monday drawing record bids exceeding ₹1.50 lakh crore. Editorial | Dialling right: On 5G spectrum sale Low-band spectrum is popular for providing wider coverage, however, the speed and latency might just be an incremental upgrade over 4G. Bharti Airtel and Reliance …

Vodafone Idea expects 5G services to cost more than 4G, here is why
2 years, 5 months ago

Vodafone Idea expects 5G services to cost more than 4G, here is why

India Today  

Vodafone Idea’s CEO Ravinder Takkar is expecting that the prices of 5G plans will be higher than 4G, according to a report by PTI. The prices of 4G plans were raised back in November 2021 and if the 5G plans will be available at a premium price, then it means that users will have to spend even more. While there …

Dialling right: The Hindu Editorial on 5G spectrum sale
2 years, 5 months ago

Dialling right: The Hindu Editorial on 5G spectrum sale

The Hindu  

India’s latest auction of telecommunications spectrum, including of bands ideally suited for offering fifth generation technology services, drew bids exceeding a record ₹1.5 lakh crore in a clear sign that the industry is on the path to recovery. And in an interesting development that will need close watching, the deep-pocketed, and aggressively expanding Adani Group made its first foray into …

5G will not allow direct spectrum allocation: BIF
2 years, 6 months ago

5G will not allow direct spectrum allocation: BIF

India TV News  

As India is working on for 5G spectrum auction which has been scheduled for next month, the Broadband India Forum has stated that they will not allow direct spectrum allocation to the enterprises, as it will be anti-competitive and only favour the telecom operators of India. "The Section 2.4 of the NIA on CNPN has laid down the principle that …

VIL board to mull raising up to ₹500-cr. from Vodafone Group
2 years, 6 months ago

VIL board to mull raising up to ₹500-cr. from Vodafone Group

The Hindu  

Debt-ridden Vodafone Idea's board is scheduled to meet on June 22 to consider a proposal for raising funds to the tune of ₹500 crore from Vodafone Group. A meeting of the Board of Directors of the company is scheduled to be held on Wednesday, 22nd June 2022. to consider proposal for raising of funds aggregating up to ₹500 crore, by …

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 …

Vodafone Idea raises tariff by upto 25%
3 years, 1 month ago

Vodafone Idea raises tariff by upto 25%

The Hindu  

Vodafone Idea Ltd, on Tuesday, November 23, 2021, has announced the introduction of its new tariff plans for prepaid users in India by raising tariff by upto 25%. “These tariff plans will allow VIL to continue improving India’s Fastest Mobile Network, verified by Ookla®, the global leader in fixed broadband and mobile network testing applications. The basic voice tariff has …

Telecom reforms to help preserve cash flows, drive industry investments: Airtel CEO Gopal Vittal
3 years, 2 months ago

Telecom reforms to help preserve cash flows, drive industry investments: Airtel CEO Gopal Vittal

The Hindu  

The seminal reforms announced by the government for the telecom sector will help preserve cash flows and enable the industry to drive investments, Airtel CEO Gopal Vittal said on Wednesday. Nokia claims top 5G speed of 9.85 Gbps on Vi network during trial “As you are aware, the government announced seminal reforms that will help preserve cash flows and enable …

Delaying the inevitable: The Hindu Editorial on relief to telcos
3 years, 3 months ago

Delaying the inevitable: The Hindu Editorial on relief to telcos

The Hindu  

The Union Cabinet’s approval on Wednesday of a relief-cum-reforms package for the financially stressed telecom sector, though verily a step in the right direction, is at best only likely to delay the inevitable. In a tacit acknowledgment of the extent of stress in the sector as well as the far-reaching economic consequences of protracted distress in the industry, the Government …

Vodafone Idea surges by 20% after government floats relief package
3 years, 3 months ago

Vodafone Idea surges by 20% after government floats relief package

The Hindu  

Shares of Vodafone Idea Limited surged by nearly 20% on Thursday while banks with exposure to the embattled telecom firm also climbed, a day after India’s federal cabinet approved a relief package for the cash-strapped sector. The relief package includes a four-year moratorium on airwaves payments due to the government raising the tenure of airwaves held by firms to 30 …

DoT allocates 4G spectrum to telcos
3 years, 8 months ago

DoT allocates 4G spectrum to telcos

Live Mint  

The department of telecommunications on Friday completed assigning spectrum to telecom operators who bought airwaves for 4G wireless service in the auction conducted in March. Reliance Jio Infocomm Ltd paid ₹2,149.59 crore, while Bharti Airtel Ltd deposited ₹157.38 crore, taking the total to ₹2,306.97 crore received by the government for allocation of spectrum. “The frequency assignment was accompanied by a …

‘Spectrum will boost Jio, Bharti’s market share’
3 years, 10 months ago

‘Spectrum will boost Jio, Bharti’s market share’

The Hindu  

The strengthening of spectrum footprints by Bharti Airtel and Reliance Jio in the just-concluded auctions is expected to yield market share gains for the two telcos, arming them with sustainable advantage in the long run and for 5G play, according to analysts. With the auctions completed, it would be key to monitor Vodafone Idea Ltd.’s balance sheet and its potential …

Jio, Airtel, Vodafone Idea apply for participating in spectrum auction
3 years, 10 months ago

Jio, Airtel, Vodafone Idea apply for participating in spectrum auction

India TV News  

Telecom operators Bharti Airtel, Reliance Jio and Vodafone Idea on Tuesday submitted applications to participate in the Rs 3.92 lakh crore spectrum auction scheduled to start from March 1, according to official sources. Vodafone Idea needs to renew 6.2 MHz of spectrum in the 900 MHz band and 38.2 MHz in the 1800 MHz band. According to ICICI Securities, the …

DoT likely to issue notice for spectrum auction this week
4 years ago

DoT likely to issue notice for spectrum auction this week

India TV News  

The Department of Telecom is expected to issue the notice for upcoming spectrum auction this week that will have timelines and rules to bid for airwaves. The Union Cabinet approved a proposal for the auction of 2,251.25 Megahertz of spectrum worth Rs 3.92 lakh crore at the base price on December 17, 2020. The Digital Communications Commission, the apex decision …

Voda Idea may move first on rate hike: CEO
4 years, 2 months ago

Voda Idea may move first on rate hike: CEO

Live Mint  

Vodafone Idea could be the first among the three largest private telecom players in India to hike the prices of voice and data services. The telco’s parent, Vodafone Group Plc, is expected to pay another ₹6,400 crore towards statutory adjusted gross revenue dues payment, as part of an indemnity arrangement, the company’s chief financial officer Akshaya Moondra said. The industry …

‘Growth of telecom sector depends on higher tariffs’
4 years, 3 months ago

‘Growth of telecom sector depends on higher tariffs’

Live Mint  

The growth of India’s telecom sector depends on higher tariffs, Vodafone Idea Ltd chairman Kumar Mangalam Birla reiterated on Wednesday at the telco’s annual general meeting. Birla’s comments come amid the company’s fundraising plans even as it faces financial stress and needs ample cash flow to help it keep going in a hyper-competitive telecom market. The Supreme Court, in a …

Tariffs Still Very Low, Pricing Revival Critical for Telecom Sector: Birla
4 years, 3 months ago

Tariffs Still Very Low, Pricing Revival Critical for Telecom Sector: Birla

News 18  

Telecom tariffs are “still very low” and pricing revival is critical for the long-term growth of the sector, Vodafone Idea Chairman Kumar Mangalam Birla said on Wednesday. Addressing Vodafone Idea Ltd shareholders at the company’s Annual General Meeting, Birla said the telecom industry had witnessed the first round of tariff hikes by all operators in December 2019. “The verdict on …

Dues payment over 10 years not enough to aid VIL; expect market gains for Airtel, Jio: Fitch
4 years, 4 months ago

Dues payment over 10 years not enough to aid VIL; expect market gains for Airtel, Jio: Fitch

India TV News  

The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, while Jio and Airtel are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. "We expect Jio and Bharti to increase their combined revenue market share to 75-80 per cent …

Bombay HC Directs IT Department To Refund Over Rs.833 crores To Vodafone Idea Limited Within Two Weeks Without Fail [Read Order]
4 years, 6 months ago

Bombay HC Directs IT Department To Refund Over Rs.833 crores To Vodafone Idea Limited Within Two Weeks Without Fail [Read Order]

Live Law  

In a huge relief to Vodafone Idea Limited, the Bombay High Court last Friday directed the income tax department to refund Rs.833 crores to the telecom operator within two weeks "without fail." Thereafter, on October 31, 2019, the Assistant Commissioner of Income Tax passed an assessment order under Section 143 read with Section 144C of the Income Tax Act, 1961 …

Vodafone Idea issues clarification: No proposal from Google on investment, says telecom major; evaluating various opportunities
4 years, 7 months ago

Vodafone Idea issues clarification: No proposal from Google on investment, says telecom major; evaluating various opportunities

Firstpost  

Vodafone Idea said currently there is no proposal as reported by the media that is being considered at the Board Contrary to the Financial Times report, Google is not planning to invest in it. The clarification to the BSE by Vodafone Idea comes a day after reports that Alphabet Inc’s Google is eyeing about 5 per cent stake in the …

Google could collaborate with Vodafone Idea in India like Jio-Facebook deal
4 years, 7 months ago

Google could collaborate with Vodafone Idea in India like Jio-Facebook deal

India TV News  

In what could alter the Indian telecom scenario, Google is reportedly exploring to buy a 5 per cent stake in financially-stressed Vodafone Idea, a move that would not only pit Sundar Pichai-led tech giant against Facebook which has poured in Rs 43,574 crore for 9.99 per cent stake in Reliance-led Jio Platforms but also help struggling Vodafone stand up in …

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