Idea Vodafone Merger

Vodafone Idea Q2FY25 results: Loss narrows to Rs 7,176 cr, revenue up 1.8%

Debt-ridden telecom firm Vodafone Idea on Wednesday said its consolidated loss narrowed to Rs 7,175.9 crore in the September quarter. The company had posted a loss of Rs 8,746.6 crore in the same period a year ago. The consolidated revenue from services of Vodafone Idea (VIL) increased 1.8 per cent to Rs 10,918.1 crore during the second quarter of the current fiscal year from Rs 10,714.6 crore in the year-ago period, it said in a regulatory filing. Its consolidated revenue from operations increased to Rs 10,932.2 crore during the quarter from Rs 10,716.3 crore a year ago, it stated.

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Vodafone Idea Q3 results: Loss narrows to Rs 6,986 cr, revenue remains flat

Telecom operator Vodafone Idea (VIL) on Monday reported narrowing of losses to Rs 6,986 crore in the third quarter of the current fiscal. The losses stood at Rs 7,990 crore a year ago, the company said in a regulatory filing. During the quarter under review, the revenue from operations for the ailing telco came in at Rs 10,673.1 crore, nearly flat over the corresponding period previous year. VIL's revenue from operations stood at Rs 10,620.6 crore in the third quarter of FY23. In a statement, the company said its ARPU (average revenue per user) in the reporting quarter stood at Rs 145 against Rs 135 in the third quarter of FY23. This translates into a year-on-year growth of 7.4 per cent. Akshaya Moondra, CEO of Vodafone Idea, said: "We are pleased to report highest EBITDA of Rs 21.4 billion in last 11 quarters. In line with the evolving industry landscape and changing customer needs, we have revamped our offerings as well as focusing on our execution to effectively compete in the

Top headlines: Govt gets 33% stake in Vi; AI, AirAsia to tweak flight path

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Risks of Vodafone Idea's financial profile worsening are receding: Lenders

The company's debt continues to remain high and its current financial flexibility continues to remain strained

Vodafone Idea recovers 24% after hitting record low post Q2 results

The stock, however, bounced back 24.5 per cent from day's low to hit an intra-day high of Rs 3.25 per share on reports that the government was mulling sops to revive the telecom sector.

Voda Idea turns to cheap recharges for regaining 14 mn lost subscribers

But spend on premium customers through content tie-ups may strain telco on both ends of ARPU scale

New pecking order on the cards in telecom space after Vodafone Idea entry

Jio may unleash an aggressive bid to woo the nearly 300 million Vodafone-Idea's subscribers, who are still on 2G, to shift to 4G

Idea Cellular completes merger with Vodafone India after NCLT nod

Balesh Sharma has been appointed chief executive officer of the merged entity with effect from August 31

Merger blues: Idea Cellular likely to move TDSAT against DoT demand

DoT has asked the companies to pay Rs 39.26 bn in cash for liberalising spectrum up to 4.4 MHz assigned to Vodafone administratively

Govt approves Idea-Vodafone merger, some formalities over closure pending

Vodafone Idea will have the capacity to provide 4G spectrum in all telecom circles of the country

DoT gives a conditional nod to Vodafone-Idea Cellular merger

Vodafone expected to deposit cash by Friday; Idea preparing to give bank guarantees

Wrong call by DoT

The conditions for the Vodafone-Idea merger are unfair

Telecom ministry clears Idea-Vodafone merger with conditions: Govt sources

"DoT has cleared the Vodafone-Idea merger today. They will have to meet conditions for final approval," the source told PTI

Vodafone-Idea merger delay to mount debt, market losses

Both Idea and Vodafone are being pegged back on the revenue as well as market share fronts and the delayed launches of 4G

Idea-Voda merger likely to get delayed over DoT's fresh demand of Rs 47 bn

The demand will be raised from Vodafone India before its merger with Idea Cellular

DoT seeks legal opinion on Voda-Idea merger over former's spectrum holding

DoT is seeking opinion on whether fresh demand can be raised on Idea for differential amount between the market determined price and entry fee paid for administratively allocated spectrum of Vodafone

Idea Cellular gets DoT approval for 100% FDI in merged entity

The FDI approval is a milestone in the merger of the two companies, creating the country's largest telecom operator named Vodafone Idea

DoT clears Rs 40 bn Idea-ATC mobile tower deal, paves way for Voda merger

ATC Telecom Infrastructure had signed pact with Vodafone India and Idea in November 2017 to buy their standalone towers for Rs 78.5 billion

Ahead of merger with Vodafone, Idea's 100% FDI proposal under consideration

Present foreign direct investment policy allows an overseas firm to buy up to 49% stake in an Indian telecom company under automatic approval route but govt's approval is required for stake above 49%