Page 2 - Vodafone Idea Rcom

Centre to decide on Vodafone Idea's debt conversion after moratorium

The decision to convert principal dues into equity, according to sources, cannot be done automatically

Vodafone Idea FPO subscribed 26%; BSE warns investors against fake videos

Specialty chemicals company Kronox Lab Sciences has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the capital markets regulator showed on Thursday

Vi expects 5G rollout in 6-9 months after FPO worth Rs 18,000 crore

Ahead of its Rs 18,000 crore further public offer (FPO), Vodafone Idea on Monday said it expects to roll out 5G services in select pockets in 6-9 months of the issue. Its Chief Executive Akshaya Moondra said rollout of the 5G services is one of the objectives of raising the capital from the public and once the funding comes, it will start work on the rollout. The 5G rollout will cover 40 per cent of the company's overall revenue base in the next 24-30 months, Moondra said, without sharing a specific target on when the rollout will happen. A sum of Rs 5,720 crore has been allocated for the rollout, he said, adding that testing and vendor conversations have already begun. However, he did not specify the locations where the rollout will happen. It can be noted that both its rivals Bharti Airtel and Reliance Jio -- to whom it has ceded market share -- have been active on 5G for some months now. Moondra said the company has not been able to roll out 5G services because of lack of ...

Vi shareholders approve Rs 20,000 cr fundraise through securities issuance

The telco is looking to raise up to Rs 45,000 crore through equity & debt

Telcos likely to show little interest in upcoming spectrum auction

The telcos already have ample spectrum with them. With little scope for 5G monetisation, telecom companies do not see the need to spend towards acquiring more spectrum

Waiver provision removed in Telecom Bill, could hurt Vi recovery: Experts

The original draft of the Bill contained a framework to waive the license fees for financially troubled companies. Had these provisions made it to the final bill, things would have been easier for VI

DoT grants 2-month extension to telcos to register, verify SIM card sellers

Telcos sought additional time for implementation of new rules as it required change in their IT systems. Considering the request, the government has given a one-time extension

Jio-Airtel battle for home Wi-Fi connections as they aim for higher Arpu

The mobile Arpu for Airtel stood at Rs 200 at the end of the first quarter of FY24. On the other hand, Airtels's Arpu for home services stood at Rs 608

VI pays 50% of spectrum usage, licence charges; struggles to raise funds

Vodafone Idea has found it difficult to raise funds in the past two years which has hurt its ability to expand its 4G network and begin the 5G rollout

Vodafone Idea likely to get extension to pay Q1 spectrum and licence fees

The govt is of the view that the troubled VI should be given adequate time to raise funds, especially now that potential investors are comfortable knowing that the govt is also taking equity in VI

Vodafone Idea in contact with vendors to launch 5G, funding delay a hurdle

Speaking on the current telecom market in the country, VI's chairman Ravinder Takkar said that telecom tariffs remain unsustainable and need to rise significantly for business to thrive

Jio to cross 500 mn subscriber mark by FY26, maintain market leadership

Currently, Reliance Jio and Bharti Airtel command more than 80% of the country's mobile network business. Jio has a market share of 48%, whereas, Airtel has 35% of it

Voda-Idea shares rally nearly 10 pc as K M Birla returns to company board

Shares of Vodafone Idea jumped nearly 10 per cent in morning trade on Friday after Aditya Birla Group Chairman Kumar Mangalam Birla returned to the board of the debt-ridden firm as an additional director in a non-executive and non-independent role. The stock of the telecom firm zoomed 9.73 per cent to Rs 6.65 on the BSE. At the NSE, it jumped 9.91 per cent to Rs 6.65. Birla had stepped down from Vodafone Idea Ltd (VIL) board in August 2021 as non-executive chairman of the company. "...the board of directors of the company...at its meeting appointed Kumar Mangalam Birla, as an additional director (Non-Executive and Non-Independent) with effect from 20 April 2023," VIL said in a regulatory filing on Thursday. VIL is reeling under a debt of Rs 2.22 lakh crore, comprising deferred spectrum payment obligations of Rs 1.39 lakh crore and adjusted gross revenue liability of Rs 69,910 crore that are due to the government. The debt from banks and financial institutions stood at Rs 13,190 c

Vodafone Idea awards Rs 200 crore network order to Chinese firm ZTE

Telecom operator Vodafone Idea has recently awarded a network gear order of around Rs 200 crore to Chinese company ZTE, three sources aware of the development said. The company has given orders for broadband network equipment in telecom circles of Gujarat, Maharashtra and Madhya Pradesh-Chhattisgarh (MP-CG), the sources told PTI. "Vodafone Idea has awarded an order of around Rs 200 crore to ZTE," one of the sources said. The matter has been brought to the notice of the National Security Council Secretariat (NSCS), which manages the Trusted Telecom Portal and provides clearance for permissible telecom gears, they added. An email query sent to Vodafone Idea elicited no response. Two sources mentioned that the order has been given for Gujarat and MP-CG circles, while one of them mentioned that the order also includes the Maharashtra circle. The Cabinet Committee on Security on December 16, 2020, approved the National Security Directive on Telecommunication Sector, which mandates ser

AGR dues: DoT's total demand from non-telcos twice that from telcos

The Department of Telecommunications (DoT) has slapped a Rs 15,019-crore demand notice on Gujarat Narmada Valley Fertilizers & Chemicals Ltd, taking the total amount it has sought from non-telecom companies to Rs 3.13 lakh crore following a Supreme Court ruling. While the DoT has sought Rs 1.47 lakh crore from Bharti Airtel, Vodafone Idea Ltd and other telecom companies after the Supreme Court's ruling on revenues that need to be taken into consideration for payment of government dues, its demand notices on non-telecom companies now total at more than double of the telecom firms. In a regulatory filing, Gujarat Narmada Valley Fertilizers & Chemicals Ltd said it has received a December 23, 2019, demand notice from the Office of Controller of Communication Accounts in DoT, Ministry of Communications, seeking payment of over Rs 15,019 crore before January 23, 2020, "in respect of financial years from 2005-06 to 2018-19 in connection with V-SAT and ISP licences held by the ...

Pricing power

Telcos should not give up freedom to set tariffs

Trai unlikely to intervene in telecom tariffs, floor price for now: Sources

As operators have already announced that they will increase tariffs, Telecom Regulatory Authority of India will wait to see how the entire situation unfolds

Two-player market buzz propels Airtel m-cap to record high of Rs 2.22 trn

The company has a valuation of Rs 2.22 trillion, up from Rs 1.33 trillion a year ago

Fitch places Bharti on rating watch negative after top court's ARG ruling

RWN resolution may take over six months as it requires clarity on exact amount and timing of payment of dues and whether govt will provide financial relief to telecom sector

Bharti Airtel, Voda-Idea: How to trade telecom stocks post AGR judgement

According to the experts, the verdict will have a devastating impact on the telcos and Vodafone-Idea will be the worst-hit.