Vodafone Idea Ltd News

Vodafone Idea hits 3-month high, surges 19% in two days on heavy volumes

To improve its network performance Vi has partnered with HCL Software, the software business unit of HCL Technologies, to make its 4G and 5G networks smarter and more efficient

Vodafone Idea partners with HCL software to optimise 4G, 5G networks

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

Vodafone exits Indus Towers, raises Rs 2,800 cr; clears Rs 890 cr dues

British telecom firm Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday. Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing. "Vodafone Group Plc announces that it has successfully completed the placing of its remaining 79.2 million shares in Indus Towers Limited ("Indus") representing 3.0 per cent of Indus' outstanding share capital through an accelerated book build offering on 5 December 2024," the filing said. The company held 3 per cent stake through its indirect wholly-owned subsidiaries, Omega Telecom Holdings Pvt Ltd and Usha Martin Telematics Limited. "Residual proceeds of Rs 19.1 billion (USD 225 million) have been used to acquire 1.7 billion equity shares in Vodafone Idea Limited through a preferential allotment of shares (a "Capital Raise"), increasing Vodafone's shareholding in Vi to 24.39

Vodafone Idea raises $222 million via preferential allotment of shares

The preferential allotment comes at a time when Vodafone Idea is trying to catch up with its stronger rivals

Vodafone Idea planning phased 5G rollout with new tariff plans: CEO Moondra

Vodafone Idea announces plans for phased 5G rollout in 75 cities, offering tariffs reportedly 15% lower than market rates to boost customer acquisition

Vi rolls out unlimited annual data usage plans to counter competition

The loss-making private telecom firm Vodafone Idea has rolled out annual recharge plans for mobile phones, offering users unlimited data from midnight till noon, in an attempt to catch up with competition. The company in a statement shared that it has rolled out pre-paid plans priced at Rs 3,599, Rs 3,699 and Rs 3,799 that will offer unlimited data usage from 12 AM till 12 PM every day throughout the year and it will be in addition to the daily data usage limit at high speed. "Vi's annual recharge plans offer half day unlimited data from 12 AM to 12 PM in addition to a 2GB daily data quota for the remaining 12 hours of the day. Not just that, Vi SuperHero packs also offer weekend data rollover, which allows users to carry forward unused weekday data and use it during the weekend," Vi said. The new recharge plans, Vi SuperHero prepaid packs, are currently available in Maharashtra, Delhi, Gujarat, Tamil Nadu, Kerala, West Bengal, Punjab and Haryana. Vi's rival Jio and Bharti Airtel h

How Vodafone Idea's 5G launch in March could shake up telecom pricing

Vodafone Idea is set to launch 5G services with competitive pricing to challenge Jio and Airtel. It has finalised $3.6 billion worth of contract to enhance 4G network and deploy 5G infrastructure

Vodafone Idea shares jump 7% after relief on spectrum bank guarantees

Shares of Vodafone Idea surged 7 per cent at Rs 8 a piece on the BSE in Monday's intraday trade

May boost 4G, 5G investment: VIL calls DoT's bank guarantee waiver 'relief'

The telecom department has waived the requirement of bank guarantee to be submitted for spectrum auctions held prior to the reform package, telecom operator Vodafone Idea said on Saturday, adding that the latest "relief" will boost 4G and 5G investments in India. Prior to this reform, bank guarantees aggregating to about Rs 24,800 crore were required to be provided by VIL against each spectrum instalment, 13 months prior to the instalment falling due for the above auctions, the company said in a BSE filing. "As per our understanding of the terms and conditions, out of all the 5 auctions mentioned above, no BGs (bank guarantee) will be required to be provided by VIL for the 2012, 2014, 2016 and 2021 auctions," the telco said. There would, however, be a one-time partial shortfall, only for the 2015 auction, where the net present value or NPV of all payments made would be less than the pro-rated value of spectrum used, VIL said and informed that it is "in discussion with the DoT to ...

Vi board approves plan to raise Rs 1,980 crore from promoter units

Omega Telecom Holdings and Usha Martin Telematics to hold nearly 3 per cent of Vi after issue

Debt-ridden Vodafone Idea to raise Rs 1,980 crore through share issue

Vodafone Idea said it will issue shares to Vodafone Group entities Omega Telecom Holdings and Usha Martin Telematics worth up to Rs 1,280 crore and Rs 700 crore, respectively

Markets Today: RBI Policy, FIIs, Sensex, GIFT Nifty; Ganesh Infraworld IPO

Pre-market update: RBI policy decision likely to set the equity market trend on Friday; Strong FIIs buying a positive; Ganesh Infraworld likely to witness a bumper listing on the NSE SME platform.

Vi board to consider Rs 2K crore preferential issue to Vodafone Group

The debt-laden telco's board will consider the issue of equity shares and/or convertible securities, Vi said in an exchange filing on Thursday

Debt-ridden Vodafone Idea to raise Rs 2,000 cr from Vodafone Group

Debt-ridden telecom firm Vodafone Idea on Thursday said its board will consider a proposal to raise Rs 2,000 crore from entities belonging to promoter Vodafone Group. The development follows Vodafone Group's announcement to sell a 3 per cent stake in Indus Towers to clear its debt of USD 101 million or about Rs 856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea. " a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group," the company said in a filing. British telecom firm Vodafone's 3 per cent stake in Indus Towers is valued at around Rs 2,800 crore. The company had announced that after settling the debt, it intends to contribute the residual proceeds from the placi

Why Vodafone Idea stock is falling, Indus Towers climbing today? Details

The UK's Vodafone Group Plc is selling its remaining 3% stake in Indus Towers in block deal and fully exiting the company

Markets Today: Sensex, GIFT Nifty, FIIs, RBI Policy; IPO, Voda Idea, Airtel

Pre-market update: Asian shares traded with steady gains on Thursday; Back home the weekly Nifty expiry and upcoming RBI policy outcome to weigh on investor sentiment today.

Vodafone Idea becomes latest telco to launch AI-based spam detection filter

Vi is continuously working to develop solutions to curb spam, including voice calls, to ensure its users are further protected from unsolicited calls

Up 30% from lows; is Vodafone Idea share price headed towards Rs 10-mark?

Technical charts suggest that Vodafone Idea stock can potentially rally to Rs 10.90 on the upside, provided the stock sustains above this resistance zone.

Ola Electric, Adani Green, GMR Power, 384 more stocks hit upper limit today

Paras Defence, Ravindra Energy, Zaggle Prepaid Ocean Services, Oriental Rail Infrastructure, Puravankara and Veritas (India) from the BSE Smallcap index have locked in upper circuit.

Bank guarantee waiver for telecom operators comes with conditions

Additional 3 months' instalment along with annual payments to be paid