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Vodafone Idea RCom
Debt-ridden telecom operator Vodafone Idea on Monday said its consolidated net loss year-on-year narrowed to Rs 5,524 crore in the second quarter ended September 205. The company had posted a net loss of Rs 71,75.9 crore in the year-ago period, according to the company's regulatory filing. Its consolidated revenue from operations increased 2.4 per cent to Rs 11,195 crore during the reported quarter from Rs 10,932.2 crore a year ago. The customer ARPU (average revenue per user) rose 8.7 per cent year-on-year to Rs 180 in the reported quarter from Rs 166 in the September 2025 quarter, mainly due to customer upgrades and tariff increases, the company said. The total debt of the company stood at Rs 2,02,951 crore at the end of the reported quarter.
The Supreme Court on Friday deferred to October 6 the hearing on a plea of telecom major Vodafone Idea Ltd (VIL) seeking quashing of the additional adjusted gross revenue (AGR) demands for the period until 2016-17. A bench comprising Chief justice B R Gavai and Justices K Vinod Chandran and NV Anjaria was urged by Solicitor General Tushar Mehta, appearing for the Centre, the plea, which was listed for hearing during the day, be listed on reopening of courts after Dusshera break. The bench allowed and deferred the hearing to October 6. The VIL has filed a fresh plea against the Department of Telecommunications' (DoT) fresh demand of Rs 5,606 crore relating to the financial year 201617. Earlier, the Centre had said that the efforts were underway to arrive at a resolution with the company. The law officer said the government held nearly 50 per cent equity in Vodafone Idea, making it a direct stakeholder in the operator's survival. Some solution may have to be found out, subject to yo
Markets regulator Sebi on Thursday exempted the government from making an open offer to the shareholders of Vodafone Idea Ltd (VIL) following its proposed acquisition of just over 34 per cent stake in the telecom operator on the conversion of spectrum dues into equity. In its order, Sebi Whole Time Member Ashwani Bhatia said, "The acquisition of shareholding by GoI in VIL is proposed with the sole intent of protecting the larger public interest." The conversion -- which would raise the government's holding in the company to nearly 49 per cent from 22.6 per cent at present -- would enable VIL, a major TSP, to continue servicing its customer base and increasing telecom penetration in India. While giving exemption, Sebi noted that at present GoI has no intent to participate in the management or the board of VIL and there will be no change in control of the telecom firm. Further, such holding will be classified as public shareholding. Last month, the government threw a lifeline to the
Vodafone Idea has partnered with HCLSoftware to make its 4G and 5G networks more efficient, a release said on Tuesday. The telecom operator is now using HCL Augmented Network Automation (HCL ANA), a multi-vendor self-optimising network platform, to manage its Ericsson and Samsung networks. "This advanced technology will help Vi improve network performance, save energy, and offer better services to its customers," according to the release. The HCL ANA platform leverages Artificial Intelligence (AI) to simplify the management of VIL's complex multi-vendor, multi-technology and multi-layered network, in order to ensure smooth integration and efficient network operations. "This collaboration brings several benefits to Vi and its users. The HCL ANA platform has an open architecture and empowers Vi to manage and automate its network independently, reducing dependency on OEM-specific features and applications," the release said. This helps save energy, reducing costs and making the netwo
Aditya Birla Group chairman Kumar Mangalam Birla on Thursday said the Rs 18,000-crore fundraise by Vodafone Idea is a "fresh lease of life" for the company and asserted that the telco will stage a smart comeback. The company, which has been struggling to hold on to subscribers amid aggressive play by bigger rivals Reliance Jio and Bharti Airtel, will focus on increasing its network, densifying it and also selectively introduce 5G services, Birla told reporters at the listing ceremony of Vodafone Idea's follow-on public offer. Calling it as the beginning of 'Vi 2.0', Birla said the money raised will be invested in the business, which will trigger a cycle of growth. "Vi will stage a smart comeback, this moment marks the beginning of Vi 2.0," Birla said at the listing ceremony. When asked if most of the problems for the company get sorted with the capital raise, Birla answered in the affirmative. "And this is like a sort of fresh lease of life for the company," he said. He credited