Page 11 - Vodafone Idea

Late entry into 5G services allowing cost efficiency: Vodafone Idea

In an investor presentation, the telco said it has been able to incorporate the latest tech as a result

Voda Idea debt at Rs 2.17 trn in Dec 2024 quarter, govt stake up at 48.99%

According to the company's investor presentation, the debt of Rs 2.17 trillion comprises Rs 2,14,700 crore payment obligations towards the government

Debt conversion plan: Vodafone Idea issues Rs 36,950 cr in equity to DIPAM

Vodafone Idea has issued and allotted 3,695 crore equity shares aggregating to Rs 36,950 crore to the Department of Investment and Public Asset Management (DIPAM), following the government's recent decision to convert the debt-laden telco's spectrum auction dues into equity. After the allotment, the shareholding of the government in the telco stands at 48.99 per cent in the expanded paid up capital base of the company. In a regulatory filing Vodafone Idea Ltd said the capital raising committee of Board of Directors of the company at its meeting on April 8, 2025, issued and allotted 3,695 crore equity shares of face value of Rs 10 each at an issue price of Rs 10 per equity share aggregating to Rs 36,950 crore to the Department of Investment and Public Asset Management, Government of India (acting through President of India). This follows the centre's decision to convert outstanding spectrum auction dues, including deferred dues repayable after the expiry of the moratorium period into

Sebi grants exemption to govt from open offer in beleaguered Voda Idea

Following the decision to convert spectrum dues into equity stake in the company, the shareholding of the government will surge to 48.99 per cent in Vi

Vodafone Idea soars 19% on Govt aid; stock a 'high risk' play, say analysts

Vodafone Idea news: Vodafone Idea will issue 36.95 billion equity shares, as part of the debt conversion process, which will increase the Government's stake in Vi to 49 per cent

Time for Vodafone Idea to act: Management must aim to raise capital

Over the weekend, the government converted the telco's dues into equity shares at a premium, perhaps to keep its stake below 50 per cent and avoid turning Vi into a PSU

SC slams UP govt, Yeshu-Yeshu pastor sentenced, Vodafone Idea shares soar & more

The Supreme Court today slammed the Uttar Pradesh government and Prayagraj development body for the ‘inhuman and illegal’ demolition of houses, calling it a ‘shock’ to its conscience.

Stocks to Watch, Apr 1, 2025: HAL, auto stocks, ABREL, ITC, IndiGo, Gail

Stocks to Watch on April 1, 2025: From Aditya Birla Real Estate to IndiGo, here are few stocks that will be in focus today

Nokia to upgrade VI's optical network to boost 4G services, back 5G rollout

Telecom gear maker Nokia will upgrade and expand Vodafone Idea optical transport network across key metro and circle locations in India, the company said on Monday. Nokia is among three vendors selected by Vodafone Idea for the Rs 30,000 crore network expansion plan. "Nokia's innovative optical solutions align perfectly with our goal to enhance customer experience and ensure robust network readiness for future demands. "With Nokia's advanced optical network solutions, we are excited to build an agile, high-capacity and future-ready network that will support India's digital transformation and drive innovation across sectors," Vodafone Idea chief technology officer Jagbir Singh said in a statement. This upgrade is expected to increase Vodafone Idea's capacity, which will support 4G data growth in the network of telecom operators. In addition, Nokia's equipment will modernise the network, providing flexibility and efficiency, and boost VIL's 5G rollout, the statement said. "We are p

'Timely support, will offer relief': Citi on VIL dues to equity conversion

The government's decision to convert Rs 36,950 crore dues of Vodafone Idea (VIL) into equity is a "major" and "timely" display of support that will offer significant cash flow relief to the telco in the next three years and help it complete long-delayed bank debt raise, Citi said on Monday. The move also lifts concerns on tower companies like Indus Towers. "Overall, we view this as a major display of support by the government in a very timely manner, which should provide significant cash flow relief to VIL in the next 3 years and help it complete its bank debt raise," the brokerage said in its latest report. Throwing a lifeline to the troubled telecom operator, the government has decided to convert Rs 36,950 crore of VIL's outstanding spectrum auction dues into equity, under the provisions of the September 2021 telecom reforms package. The government shareholding in VIL will correspondingly increase to 48.99 per cent from 22.6 per cent. VIL promoters will, however, continue to have

Govt to convert Rs 37K cr Voda Idea dues into equity, raise stake to 49%

Promoters will continue to retain operational control of firm

Govt to raise stake in Vi to 49% with fresh acquisition worth Rs 37,000 cr

The government has agreed to raise stake in Vodafone Idea to 48.99 per cent with fresh acquisition of shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues, the company said in a regulatory filing on Sunday. The government is the single-largest shareholder in the debt-ridden Vodafone Idea with 22.6 per cent stake. "The Ministry of Communications... in line with the September 2021 Reforms and Support Package for Telecom Sector has decided to convert the outstanding spectrum auction dues, including deferred dues repayable after expiry of the moratorium period, into equity shares to be issued to the Government of India. The total amount to be converted into equity shares is Rs 36,950 crore," the filing said. Vodafone Idea (VIL) said it has been directed to issue 3,695 crore equity shares of the face value of Rs 10 each at an issue price of Rs 10 each within 30 days after issuance of necessary order from relevant authorities, including from Securities and Exchange ..

Mazagon, Paytm, IndusInd: These are top wealth creators, destroyers of FY25

After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities

Vi partners with WB's export body to boost MSME digital transformation

Telecom major Vodafone Idea (Vi) on Tuesday said it has signed a memorandum of understanding (MoU) with the West Bengal State Export Promotion Society (WBSEPS) to accelerate digital transformation of micro, small and medium enterprises (MSMEs) in the state. The move comes as the West Bengal government aims to strengthen its MSME ecosystem, which employs over one crore people. The collaboration will leverage the digital assessment and advisory initiative of the telecom company and it has already evaluated over 1.9 lakh MSMEs nationwide since its launch in 2022, the statement said. Under the partnership, the telecom major will provide localised digital tools and training modules in Bengali, and host webinars to enhance tech adoption among West Bengal's MSMEs. "MSMEs contribute 30 per cent to India's GDP. This partnership will empower them with digital capabilities to scale operations and access global markets," Vi Business EVP & Segment Head Rajeev Mehta said. The West Bengal ...

Vodafone Idea's debt conversion may be the last resort for government

Centre not keen on upping stake, wants telco to raise investments on its own

In talks with satcom operators including Starlink, says Vodafone Idea

The announcement comes on the heels of Reliance Jio and Bharti Airtel signing pacts with the US giant to offer its satellite internet services in India

Vodafone Idea explores partnership with Musk's Starlink after Airtel, Jio

Vodafone Idea plans to deploy 75,000 5G sites in 17 regions over three years, upgrading 10,000 towers with 900 MHz spectrum and has added 11,000 new towers in the past nine months

Vodafone Idea share gains 5% on rolling out 5G services in Mumbai; details

The uptick in the Vodafone Idea share price came after the company launched its 5G services in Mumbai

Vi to launch 5G in Mumbai today, to expand by April-end: CTO Jagbir Singh

Keeping focus on 4G, telco has added 100K tech sites until Feb

Nokia to enhance Vi's IP backhaul network with advanced solutions

As part of this partnership, Nokia will supply its latest portfolio of IP/MPLS products, including the 7750 SR and 7250 IXR series, to modernise VIL's transport network