Vi disclosed plans to raise up to Rs 2,458 crore through a preferential share allocation to Nokia and Ericsson, aimed at clearing a portion of their pending dues
Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. As of Friday's closing stock price in Mumbai, the investment is worth $2.3 billion
The Vi Rs 998 prepaid plan offers a validity of 70 days, alongside a daily 1.5GB limit, 100 daily SMS, and unlimited voice calling
The telco has to pay Rs 12,000 crore to the government between October 2025 and March 2026, taking into account both principal and interest
Vodafone Idea stock outlook: Global brokerage Citi, too, has assigned a 'High Risk Neutral' rating to Vodafone Idea stock with a target of Rs 15
The telco's finance cost increased to Rs 6,280.3 crore in Q4, shooting up by 25.5 per cent from Rs 6,284 crore in the same quarter of the previous year
But low capital expenditure and large debt weigh down Vi's revival prospects
India deserves three private telecom companies, says chairman of Aditya Birla Group
Shares of Vodafone Idea (VIL) hit a high of Rs 13.40 bouncing back 10 per cent from its intra-day low on the National Stock Exchange (NSE) in Thursday's intra-day trade amid heavy volumes.
Regulator Trai on Wednesday recommended that telecom service licensees be allowed to share passive infrastructure, including buildings, towers, electrical equipment and dark fibre, owned and operated by them with all types of telecommunication service licensees. The sector regulator further mooted that telecommunication service licensees should also be allowed to share all kinds of active infrastructure elements owned and operated by them with other telecommunication service licensees as per the scope of their services. The recommendations were part of the Telecom Regulatory Authority of India's (Trai's) views on 'Telecommunication Infrastructure Sharing, Spectrum Sharing, and Spectrum Leasing' released on Wednesday. Trai said the implementation of the recommendations will help telecom service providers with greater cost efficiencies and improved time to market. It would also enable telecom service providers to offer better quality of service and wider coverage. At present, only ..
The monthly average revenue per user (ARPU) for wireless service rose to Rs 152.5
Vodafone Idea FPO raised Rs 5,400 crore from anchor investors, which includes Rs 1,347 crore investments from the US-based GQG Partners.
Retail investors will need a minimum of Rs 14,278 to bid for one lot of Voda Idea FPO; maximum bid can be for up to 18,172 equity shares at the higher-end of the FPO price band.
Stocks to watch on Thursday, April 18, 2024: Vi FPO opens today. Bajaj Auto and Infosys scheduled to report Q4 results; analysts expect single-digit growth in revenues from the latter.
Vodafone Idea (Vi), India's third-largest telecom operator, has raised about Rs 5,400 crore in its follow-on public offering from anchor investors
Analysts say while the fundraising could strengthen Vodafone Idea's infrastructure, the company faces challenges on the financial front
Stocks to watch on Tuesday, April 16, 2024: Balrampur Chini, Bandhan Bank, Exide, GNFC, Hind Copper, India Cement, Metropolis, National Aluminium, PEL, SAIL and Zee are the 11 stocks in F&O ban today.
Plans to use Rs 18K cr FPO's proceeds to upgrade infra, clear deferred payments; govt holding will dilute to 24% from 32% currently
The company's Rs 18,000 crore FPO is set to open for subscription on April 18 and will close on April 22
Vodafone Idea has enlisted Jefferies, SBI Caps, and Axis Capital as lead managers for the FPO