Page 2 - Vodafone Ceo

Vodafone Idea's fundraising put on hold as govt delays equity call

The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion including hefty dues to the government

No word from DoT on dues' conversion since April: Vodafone Idea CEO

In an analyst call following the release of Vi results, CEO Akshaya Moondra said the company is trying to quickly close funding talks with banks so that stuck vendor payments can be quickly addressed

Govt equity in Vodafone Idea hinges on stock recovery: Indus Towers

Any equity infusion cannot be below par value, says Indus Towers in its Q2 report

Vodafone Idea board to mull issuing convertible debentures to a vendor

Development comes on the heels of Indus Towers warning the financially stressed telecom company of disconnection of services over non-payment of dues

Vodafone Idea says industry needs tariff increases at regular intervals

Vodafone Idea Ltd says the industry needs to raise mobile tariffs at regular intervals as the sector still operates at unsustainably low prices and revisions will allow it to generate returns.

Vodafone Idea's chief financial officer Akshaya Moondra named CEO

Takes over from Ravinder Takkar, whose three-year term ends on August 18

Vodafone Idea elevates Akshaya Moondra as CEO; to replace Ravinder Takkar

Vodafone Idea announced the elevation of present chief financial officer Akshay Moondra as its new chief executive officer with effect from August 19, the company said in a regulatory filing.

Govt's dues conversion into 33% stake to be completed in coming weeks: VIL

Debt-ridden telecom operator Vodafone Idea expects the government to complete conversion of around Rs 16,100 crore dues into 33 per cent stake in the company in the coming weeks, a top official said

Vodafone Idea shares give up early profits; end 1% lower at close

Shares of telecom operator Vodafone Idea gave up early gains and settled 1 per cent lower amid profit-taking on Wednesday. In early trade, it had gained 4 per cent, a day after the company reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March 2022. The stock jumped 3.31 per cent to Rs 9.03 during the day on the BSE. However, later it gave up early gains and settled at Rs 8.65 apiece, down 1.03 per cent. On the NSE, it dipped 0.57 per cent to end at Rs 8.65 apiece. On Tuesday, Vodafone Idea reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March, compared to the same period of the previous year, while its realisation per user or ARPU improved sharply on a sequential basis aided by November tariff hikes. VIL's losses were at Rs 7,022.8 crore a year ago, as per a company filing. Its revenue from operations rose 6.6 per cent year-on-year to Rs 10,239.5 crore in the fourth quarter of FY22. Seen

Vodafone Idea not turning into a PSU, says CEO Ravinder Takkar

Vodafone Idea CEO and MD Ravinder Takkar told Aneesh Phadnis & Nivedita Mookerji that the question mark over a third private player is a thing of the past now. Tune in to the podcast for more

Stay or leave? How the world views Indian telecom depends on Vodafone CEO

Nick Read weighs the all-important question: Has India stopped being 'the most painful market' to operate a telecom?

Vodafone CEO hints at spin-off of mobile money platform M-Pesa

The platform offers peer-to-peer transactions in countries including Kenya, Tanzania, Mozambique, Lesotho. It is now pushing into new financial services like small loans, payroll and savings

Voda Idea pegs dues at Rs 21,533 cr, CEO meets govt for 'new beginning'

Earlier in the day, Vodafone Idea in a statement said it has already paid Rs 3,500 crore out of the "self-assessed" liability of Rs 21,533 crore

Trai chief meets Voda Idea CEO to identify priority issues for 2020

The meeting assumes significance as the debt-laden and loss-making sector is reeling under massive financial stress

Why Vodafone-Idea is in trouble despite being India's No. 2 telecom firm

Vodafone Idea yesterday reported a massive net loss of Rs 50,922 crore for the July-September quarter, the highest-ever quarterly loss by an Indian company

Voda CEO Nick Read spoke out about telecom mess: Why he said what he said

Read has retracted his criticism, but he was pointing out the obvious - the current pricing regime is unsustainable

Top business headlines: Vodafone's India crisis, retail inflation, and more

From Supreme Court striking down amended Finance Act rules for tribunals to SpiceJet second quarter loss, Business Standard brings you the top business headlines for the day

Govt objects to Voda CEO's comments on India JV being pushed to liquidation

The central government has objected to the reported comments of Nick Read, chief executive of Vodafone, that the India unit of the telecom major was headed for liquidation due to, among other factors, the Supreme Court decision requiring payment of Rs 28,300 crore as spectrum dues.According to media reports, Union telecom and communications minister Ravi Shankar Prasad spoke to Vodafone Idea chairman Kumar Mangalam Birla to express displeasure. Vodafone Plc, the parent entity, says its chief's comments were taken "out of context", presenting an incorrect picture. Vodafone Plc owns 44.3 per cent stake in Vodafone Idea; the Aditya Birla Group holds 26.5 per cent.According to the transcript of Read's utterances, he'd told analysts that due to the Supreme Court's ruling on the correct way to determine telecom company dues from their Adjusted Gross Revenue (AGR), on top of the financial stress already present, the situation of the telecom sector in India and at Vodafone Idea was a ...

Big adversities and some mistakes: The story of Vodafone's fall in India

What adds to Nick Read's worries is the Supreme Court judgment, which has directed the telcos to pay their outstanding amount within three months

After returning to growth in Sep quarter, Vodafone ups earnings guidance

Chief Executive Nick Read said he was pleased at the speed with which he was executing his plan.