Page 10 - Vodafone Idea

Fundraise allowed VIL's capex cycle, places firm on secure footing: Birla

The fundraise by Vodafone Idea enabled the telco to kick-start its capex cycle again, and that alongside other key initiatives will place it on a "more secure footing" to ensure that the company remains dynamic and competitive, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday. Speaking at the inauguration of IMC and ITUWTSA 2024, Birla exuded confidence that with continued support of the government, Vodafone Idea Ltd (VIL) will do its part in realising India's digital destiny. "With the continued support of the government, I am confident that we will do our part to realise the Prime Minister's digital India destiny. I am a firm believer in the transformative power of India's telecom sector and I see it as a bridge to a more connected, empowered and prosperous India," he said. VIL's fundraise has enabled the company to kick-start its capex cycle, he noted. "Vodafone Idea has already announced the next phase of CapEx worth USD 3.6 billion with three global partners, .

Vodafone Idea gets share upgrade from JP Morgan; check target price, rating

Vodafone Idea share upgrade: JP Morgan has upgraded Vodafone Idea shares to 'Neutral' from 'Underweight'

Spectrum payment: VIL in discussion with DoT for waiver of bank guarantee

Debt-ridden telecom operator Vodafone Idea on Tuesday said it has been in discussion with the Department of Telecom for the waiver of bank guarantee which the company is required to submit a year before the due date for payment of spectrum acquired prior to 2022. The Department of Telecom (DoT) has asked the telco to submit bank guarantees as an assurance for the spectrum payment of Rs 24,747 crore due in September next year. As per norms, bank guarantees need to be submitted at least one year before the payment due date. "The company has made detailed representations to the DoT and continues to be engaged with DoT for removal of the bank guarantee requirements for spectrum acquired before 2022. This is also an industry ask," Vodafone Idea (VIL) said in a regulatory filing. According to sources, the DoT has also reached out to the finance ministry on the issue of giving exemption to telcos from submitting bank guarantees for spectrum payment dues. VIL has sought relief citing the

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 Idea expands long-term partnership with Ericsson for 5G rollout

As part of the new agreement, Ericsson will upgrade Vi's existing 4G networks and introduce 5G in key areas, including Delhi, Kerala, Chhattisgarh, and Rajasthan

Vodafone Idea falls 9% as company likely fails to submit bank guarantees

Vodafone Idea has reportedly received a notice from the DoT on failing to submit bank guarantees tied to previous spectrum auction dues

Vi's missed bank guarantees trigger DoT notice amidst waiver talk

The notice was triggered after Vodafone Idea missed the deadline to submit bank guarantees for auctions held before 2022

Telecoms may be holding off on 5G expansion to strengthen 4G: Here's why

Major telecom service providers in India Reliance Jio, Bharti Airtel appear to be prioritising 4G expansion over 5G

Banks to seek govt guarantee on equity conversion before lending to Vi

The telecom giant is seeking to borrow approximately Rs 35,000 crore, but most banks are wary of extending credit, particularly as VI has struggled to raise funds from other sources

Vi partners with Nokia to enhance network security against cyber threats

The telecom sector is a prime target for cyber threats due to the large amounts of sensitive data it stores, such as credit card details and social security numbers

Weak signals for Indus Towers after unfavourable SC verdict for Vi

VIL is the second-largest tenant of Indus Towers and this could put stress on the tower company, by reducing tower tenancy ratios and further delaying repayment of dues

Airtel launches three new data plans, Check what is being offered

All three plans allowing customers to make local and STD calls without incurring extra charges

Vodafone Idea begins fresh talks with govt on AGR dues: CEO Akshaya Moondra

Bank funding to conclude in 7-8 weeks, says Vi CEO

Vodafone Idea soars 8% on Rs 30k-cr deal with Nokia, Ericsson, Samsung

Vodafone Idea concluded Rs 30,000 crore contracts with Nokia, Ericsson, and Samsung

Vodafone Idea rings in $3.6 billion gear deal with global vendors

Marking Vi's first-ever tie-up with Samsung, new deal part of $6.6 bn capex plan

Vodafone Idea awards Rs 30k-cr contracts for 4G, 5G gear supply for 3 years

Debt-ridden Vodafone Idea on Sunday said it has awarded contracts worth about Rs 30,000 crore to Nokia, Ericsson and Samsung for supply of 4G and 5G network equipment for three years. The deal is the first step towards the roll-out of the company's three-year capex (capital expenditure) plan of about USD 6.6 billion or Rs 55,000 crore announced earlier. "Vodafone Idea has concluded a mega, about USD 3.6 billion (around Rs 300 billion), deal with Nokia, Ericsson and Samsung for supply of network equipment over a period of three years. The capex programme is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth," the company said in a statement. The supplies against these new long-term awards will start in the coming quarter. The top priority for the company is to expand the 4G coverage to 1.2 billion Indians, the statement said.

Vodafone Idea stock at Rs 2.5 or Rs 15? Analysts divided after AGR order

Vodafone Idea share price target: The lowest price target has been given by Goldman Sachs, with a 'Sell' rating, as it sees no government support/relief in AGR liabilities

Vodafone Idea to brief analysts, investors on AGR verdict on Monday

The Vi stock rose 1.35 per cent on Friday to close at Rs 10.52 a piece, a day after plummeting by 19.7 per cent

Jio, Airtel, Vi see customer loss post tariff hike, BSNL July's only gainer

The impact of mobile phone service tariff hike was evident in July with Reliance Jio, Bharti Airtel, Vodafone Idea reporting loss of customer base, which resulted in an overall decline in telecom subscribers in the country. Reliance Jio, Bharti Airtel and Vodafone Idea increased their mobile service plan rates in the range of 10-27 per cent in the first week of July. Airtel and Vodafone Idea have more than doubled their entry-level mobile rates in the last 2-3 years to Rs 199 that comes with 28 days validity. State-run BSNL was the only player that added new subscribers and led the market in terms of new net customer addition, according to a monthly subscribers report released by the Telecom Regulatory Authority of India on Friday. According to the report, BSNL added over 2.94 million mobile subscribers in July. Bharti Airtel lost 1.69 million mobile subscribers which was highest among its peers. Vodafone Idea and Reliance Jio lost 1.41 million and 758 thousands mobile subscribers

Vodafone Idea calls urgent investor meeting after AGR ruling setback

The telecom company, struggling under massive debt, is facing heightened uncertainty following the Supreme Court's decision