Vi board approves plan to raise Rs 20,000 crore through FPO or private placement as Q4 net loss narrows and ARPU rises for fourth consecutive quarter
Airtel has informed the government and regulator Trai that it has approached Reliance Jio and Vodafone Idea with a proposal for a joint initiative to unite the industry against rising telecom fraud and scams. Airtel has also urged all telcos to collaborate and collectively address the growing threat of deceptive and malicious scams targeting vulnerable individuals. In separate letters to the telcos, it cited data that India recorded over 1.7 million cybercrime complaints in the first nine months of 2024, resulting in financial losses exceeding Rs 11,000 crore. The call for action comes at a time when cybercriminals are using increasingly sophisticated tactics like phishing links, fake loan offers, and fraudulent payment pages, leading to a surge in digital fraud and identity theft incidents. Airtel has upped the ante on the war on digital spams and scams, and the last few weeks have seen the Sunil Mittal-led telco rolling out fraud detection solution to block rogue sites across ...
43% of total smartphone users of Reliance Jio and Airtel have already jumped on the bandwagon
Vi must urgently raise capital
India’s telecom giants, Vodafone Idea, Airtel, and Tata Teleservices, are in for big trouble as the Supreme Court has dismissed their latest plea for relief in the AGR dues case.
Vodafone Idea said that the Hon'ble Supreme Court refused to admit the Writ Petition filed by the company, seeking appropriate relief in the AGR matter.
Vodafone Idea AGR Relief: According to reports, the Supreme Court, on Monday, dismissed writ petitions filed by Vodafone Idea asking the Court to direct the Government to exempt interests on AGR dues
The call for collaboration comes at a time when the government is intensifying efforts to detect and prevent potential cybersecurity attacks
The government on April 29 rejected the request by Vodafone Idea CEO Akshaya Moondra for a waiver on interest and penalties it owes on $9.76 billion in dues
Bharti Airtel and Bharti Hexacom have moved the Supreme Court seeking relief from AGR dues, following Vodafone Idea's plea. The telcos warn of financial strain without a waiver on interest & penalties
The report comes a day after Vi filed a fresh plea before the Supreme Court seeking a waiver of over ₹30,000 crore of Adjusted Gross Revenue (AGR) dues
Telco seeks waiver of over ₹30,000 crore of Adjusted Gross Revenue (AGR) dues towards penalties and interest as Supreme Court hearing is expected on 19 May
Jio, Airtel and Vodafone Idea activate 24x7 joint centre with DoT to ensure uninterrupted services, disaster preparedness and coordination with government agencies
Reliance Jio led March mobile subscriber growth with 2.17 million additions as Airtel's pace slowed and Vodafone Idea reported a steep rise in user exits
Vodafone Idea lowers qualifying threshold for promoters in shareholders' pact to retain governance rights after government stake rises to 48.9 per cent
Debt-ridden Vodafone Idea on Friday said its board has approved an amendment in shareholders' agreement to enable promoters Aditya Birla Group and Vodafone Group to retain governance and management rights in the company notwithstanding the increased government's stake at 48.99 per cent. The company will convene an extraordinary general meeting on June 3 to seek shareholder's nod for the same, according to a regulatory filing. "The Board of Directors at its meeting held today i.e. on 2 May 2025 have inter-alia resolved to...amend certain clauses of the Shareholders' Agreement (to which the Company is a party) so as to modify, amongst others, the 'Qualifying Threshold' from 13 per cent to 10 per cent and, solely for this purpose, to disregard the equity shares originally issued to the Government of India," the filing said. Pursuant to the government increasing stake from 22.6 to 48.99 per cent in Vodafone Idea, the shareholding of the Aditya Birla group companies and the Vodafone grou
Nokia Solutions and Networks India on Friday divested nearly 1 per cent stake in debt-saddled telecom operator Vodafone Idea for Rs 786 crore through an open market transaction. According to the bulk deal data on the NSE, Nokia Solutions and Networks India sold 102.70 crore shares, amounting to a 0.95 per cent stake in Vodafone Idea. The shares were sold at an average price of Rs 7.65 apiece, taking the aggregate value to Rs 785.67 crore. Meanwhile, global investment firm Goldman Sachs picked up 59.86 crore shares or 0.55 per cent holding in Vodafone Idea. The shares were acquired at the same price. This took the deal value to Rs 457.96 crore. Details of other buyers of Vodafone Idea's shares could not be ascertained. On Friday, shares of Vodafone Idea fell 5.93 per cent to close at Rs 7.46 per piece on the NSE. In June last year, Vodafone Idea announced that it will allocate shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear their partial dues. Pursuan
Vodafone Idea (Vi) continued to lose subscribers, albeit at a much slower rate
After the conversion of the spectrum liabilities into equity, Vodafone Idea is expected to raise bank debt which will help it undertake capex to strengthen its 4G network and rollout the 5G network.
Vodafone Idea faced a major outage in Delhi, Mumbai, Pune and NCR in the early hours of April 18. Services have now been restored, the company said