Vodafone

Vodafone plans rollout of Starlink rival AST to connect remote areas

The technology will provide people in areas with poor mobile signal with 4G or 5G connectivity beamed straight from satellites connected to Vodafone's core network

SC upholds Rs 1,600 crore tax refund for Vodafone Idea, dismisses SLP

The court dismissed the SLP on grounds of delay, refusing to condone the same

Vodafone Plc exits Indus Towers, sells shares worth Rs 2,800 crore

The British telecom giant has paid back Rs 890 crore to lenders and acquired a stake worth Rs 1,910 crore in Vi

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 Group clears about Rs 11,650 cr dues raised against VIL shares

UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing. Vodafone Group had pledged almost the entire stake in VIL to raise the debt. The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group. "On 27 December 2024, HSBC Corporate Trustee Company (UK) Limited acting as the security trustee for the lenders has released the pledges pursuant to repayment of the outstanding dues owed to the lenders by the Vodafone Promoter Shareholders. "Consequently, the indirect encumbrance on 15,720,826,860 equity shares of the target company held by the Vodafone Promoter Shareholders representing 22.56 per cent of the equity share capital of the target company on a fully diluted basis has been released," the filing said. "Consequently, the indirect encumbrance on 15,720,826,860 equity shares o

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

Vodafone-Three merger approval marks UK's shift to prioritise growth

The Competition and Markets Authority (CMA) antitrust regulator cleared the $19 billion Vodafone-Three UK deal on Thursday after it accepted the companies' argument

Britain approves $19 billion merger between Vodafone UK, Three mobile

Vodafone and Three have committed to spend $14 billion to build a better 5G network that will serve 50 million customers, including the subscribers of Vodafone's network partner Virgin Media O2

UK's Vodafone Group to sell remaining 3% stake in India's Indus Towers

Post this, Vodafone's stake in Indus Towers will fall below 1 per cent. Before this transaction Vodafone had 82.5 million shares or 3.1 per cent stake in Indus Towers

Airtel pushes DoT for non-discriminatory waiver in telecom sector reforms

Airtel has urged the Department of Telecommunications to ensure that the proposed waiver on spectrum bank guarantees applies uniformly across all telecom operators, regardless of financial health

Vodafone Idea in talks with DoT to ease bank guarantees for older spectrum

Vodafone Idea is in talks with the Department of Telecommunications to remove bank guarantee requirements for spectrum acquired before 2022, seeking relief amid ongoing regulatory pressures

Vodafone and Hutchison offer price pledge to answer UK's merger concerns

They said they were also prepared to commit to offer access to their joint network on pre-agreed terms to third-party operators with 2.5 million or fewer customers

BSNL adds 2.9 mn users after telecom rivals hiked tariffs in July

State-owned telecom company was the only one in industry not to raise tariff

Ms signs office AI deal with Vodafone, adds features to Excel, Outlook

Microsoft has been infusing its product line with AI technology from partner OpenAI and is touting the new features as a second wave of business-oriented Copilots, AI tools

SBI, Vodafone Idea and Indus stocks tank after Goldman Sachs 'sell' call

Airtel outperforms as the US-based brokerage reiterates 'buy'

VIL's capital-raise unlikely to plug market share erosion: Goldman Sachs

Vodafone Idea's recent capital-raise while incrementally positive, may not be adequate to stop the telco's market share erosion, according to a note by Goldman Sachs. The brokerage has, in fact, anticipated another 300 bps (basis point) share loss for the company over the next 3-4 years, citing the direct correlation between capital expenditure and revenue market share, and given its own expectation of peers spending at least 50 per cent higher capex versus Vodafone Idea. One basis point is equal to 1/100th of a per cent. "Vodafone Idea's recent capital raise, while incrementally positive, is unlikely to be adequate to stop the company's market share erosion in our view," it said. Additionally, it said, Vodafone Idea has large Adjusted Gross Revenue (AGR)/spectrum-related payments starting in FY26. "While the government has the option of converting some dues into equity, we estimate ARPUs would have to rise by Rs 200-270 (120-150 per cent under different scenarios) versus December

Supreme Court to hear curative pleas from telecom operators on AGR Dues

Supreme Court will consider curative petitions from Bharti Airtel and Vodafone Idea, among other telcos, in a closed session on Friday

Accenture gets CCI's nod to acquire stakes in Vodafone's arm VSOL

The Competition Commission of India on Wednesday cleared IT and consulting firm Accenture's acquisition of a stake in Vodafone Shared Operations. Vodafone Shared Operations Ltd (VSOL) is engaged in the provision of shared services to the Vodafone Group and its network of partner telecommunications companies. VSOL is a part of Vodafone Group Plc. "CCI approves the proposed combination involving the acquisition of shares of Vodafone Shared Operations by Accenture," the regulator said in a post on X. In November last year, Vodafone Group Plc announced a strategic partnership with Accenture to commercialise Vodafone's shared operations. Further, the Dublin-based IT firm also said that it will invest 150 million euros for a minority stake in the partnership. The new unit will utilise Accenture's world-class technology and transformation services, such as its digital solutions and platforms, and deep AI expertise. In another post on X, the competition watchdog also approved the acquisi

Vodafone Idea plans to clear Rs 1,500 cr debt to Nokia by December 2025

Vodafone Idea (Vi) recently issued 1,027 million equity shares to Nokia through a preferential issue, thereby settling around half of its debt to the network solutions provider