Page 11 - Vodafone Idea

Vodafone Idea Q2FY25 results: Loss narrows to Rs 7,176 cr, revenue up 1.8%

Debt-ridden telecom firm Vodafone Idea on Wednesday said its consolidated loss narrowed to Rs 7,175.9 crore in the September quarter. The company had posted a loss of Rs 8,746.6 crore in the same period a year ago. The consolidated revenue from services of Vodafone Idea (VIL) increased 1.8 per cent to Rs 10,918.1 crore during the second quarter of the current fiscal year from Rs 10,714.6 crore in the year-ago period, it said in a regulatory filing. Its consolidated revenue from operations increased to Rs 10,932.2 crore during the quarter from Rs 10,716.3 crore a year ago, it stated.

Nokia to deploy 3,300 new sites for VI's 4G expansion by March 2025

Nokia said it will upgrade over 42,000 technology sites and complete more than 25,000 spectrum expansions across Vi's network

Any waiver to be sectoral, not just for Vodafone Idea: Jyotiraditya Scindia

Starlink needs to comply with existing norms, security concerns for satcom licence

ZEE, Voda Idea, RBL Bank: 14 NSE500 stocks enter 'Bear' zone in Samvat 2080

Stock market in Samvat 2080: Zee Entertainment Enterprises, CreditAccess Grameen, Vodafone Idea, and Rajesh Exports were among the 14 stocks that entered Bear zone in Samvat 2080

Vodafone Idea may get relief as DoT considers waiving bank guarantees

Once the DoT's draft note receives Cabinet nod, telecom operators will no longer need to provide bank guarantees for securing deferred spectrum payment instalments

Samsung to replace Vi's Chinese gear with 5G equipment in priority circles

New equipment from Ericsson and Nokia to focus on 4G, raise population coverage to 90%

Birla confident of VIL turnaround; fundraise, capex cycle bolster telco

Fundraise and subsequent capex cycle have placed Vodafone Idea on a more secure footing, ensuring it remains dynamic and competitive, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday exuding confidence about the telco scripting a turnaround. During the inauguration of IMC and ITU-WTSA 2024, Birla told reporters that while Vodafone Idea Ltd (VIL) has been written off several times in the past, it is about time that such impressions about the company are shed. Speaking at the inaugural ceremony, Birla said he is confident that with continued support of the government, 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," Birla said. It is pertinent to mention that promoter

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