Page 13 - Vodafone Idea

Surprisingly large mid-band spectrum purchase to boost Vi's 4G: Analysts

Latest spectrum won't change sector dynamics, eyes on tariff action, they say

Vodafone Idea hits over 5-year high; stock zooms 68% against FPO price

Vodafone Idea's higher-than-expected spectrum spends to boost network experience is a positive move, said Kotak Institutional Equities

Vi in talks with Samsung to get network equipment for 4G/5G rollout

Telco has already deployed Samsung's vRAN tech in 3 circles

Vi buys spectrum worth Rs 3,510 cr to improve 4G network coverage, services

Debt-ridden telecom operator Vodafone Idea bought spectrum worth Rs 3,510 crore to improve 4G network coverage and service, the company said on Wednesday. Besides renewing 900 megahertz spectrum in UP West and West Bengal, the company enhanced its 900 MHz spectrum holding in seven circles, namely Andhra Pradesh, Tamil Nadu, Karnataka, Punjab, Rajasthan, UP East and Kolkata. "VIL has strategically acquired spectrum in the select markets to enhance and strengthen its overall spectrum portfolio. This acquisition will enable us to effectively use dedicated sub GHz spectrum towards advanced technologies to enhance the experience we offer to our customers," VIL CEO Akshaya Moondra said in a statement. VIL has plans to invest up to Rs 55,000 crore over the next three years with focus on expanding and strengthening 4G coverage. During the calendar year 2024, the company has raised around Rs 24,000 crore through equity issue (including proposed preferential issue of Rs 2,458 crore to Nokia

Vodafone Idea in talks with Samsung to expand 4G, 5G with vRAN solutions

Encouraged by the favourable trial outcomes and performance matching on par with current suppliers, Vodafone Idea has extended Samsung deployments to the Karnataka and Bihar regions

Telecom shares rise up to 7%; Airtel at new high, Voda Idea hits 52-wk high

Shares of Vodafone Idea hit a 52-week high of Rs 18.47, surging 7% amid heavy volumes, surpassing its previous high of Rs 18.42 touched on January 1

Vodafone-Idea completes minimum rollout obligation for 5G networks

Debt-ridden telecom operator Vodafone Idea on Friday said it has completed the minimum rollout obligation for 5G networks. Vodafone Idea (VIL) had acquired spectrum to provide 5G services in 17 telecom circles in 2022. "Vodafone Idea has completed its Minimum Rollout Obligation (MRO) across all Vi 5G circles on both spectrum bands," the company said in a statement. VIL had acquired 50 MHz spectrum in 3,300 Mhz band across 17 circles each for Rs 15,137.75 crore through auctions that were held in 2022. The company had to launch commercial service in at least one city in each circle by the end of the first year, 28 towns by 2025 across all telecom circle categories, and 87 towns across all categories of telecom circles by 2027. VIL estimates its capital expenditure requirement to be in the range of Rs 50,000-55,000 crore over the next three years. The company had recently raised around Rs 20,000 crore comprising Rs 18,000 crore from follow-on public offer (FPO), Rs 2,075 crore from

Bankers back BPCL Rs 32k cr loan, cautious on Vodafone Idea's Rs 23k loan

Bankers sentiments differ on loans sought by state-backed oil giant BPCL and telecom major Vodafone Idea, which cumulatively amount to Rs 55,000 crore

Vodafone Idea stock falls 2.5% on weak April telecom data, profit booking

On June 19, Vodafone sold 18 per cent stake in Indus Towers for Rs 15,300 crore to repay debts. Post stake sale, Vi's holding in Indus Towers stood at 3.1 per cent

Vodafone Idea surges 6% from day's low; stock nears 52-week high

Vodafone Idea is all set to participate in the industry growth with right investments to expand its 4G coverage and offer 5G experience to its customers

Vodafone Idea seeks Rs 23,000 crore term loan to boost 4G and 5G rollouts

Telecom major Vi plans to invest Rs 50,000-55,000 crore over the next three years to enhance and strengthen its 4G connectivity and rollout 5G networks in key markets

Stocks to Watch, June 18: Vodafone Idea, IndiGo, LIC, Pidilite Industries

Asia-Pacific markets were buzzing ahead of the Reserve Bank of Australia's rate decision

Stocks to Watch, June 14: Voda Idea, Dr Reddy's, Suzlon, Signature Global

Stocks to Watch on Friday, June 14: Vodafone Idea (Vi) has decided to offer a Rs 2,458 crore stake to long-term vendors Nokia and Ericsson in a bid to partially clear outstanding dues

Vodafone Idea to offer Rs 2,458 crore stake to Nokia and Ericsson

Shareholders to decide on the preferential issue at EGM on July 10

Nokia, Ericsson to pick Rs 2,458 cr stake in Vodafone Idea in lieu of dues

Debt-ridden telecom operator Vodafone Idea will allocate shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear their partial dues, a regulatory filing said on Thursday. The board of Vodafone Idea Ltd (VIL) has cleared allotment of shares on preferential basis at about 35 per cent higher price compared to the follow-on offer price of the company, and comes with a lock-in of 6 months. "The Board of Directors of Vodafone Idea Limited today approved preferential allotment of about 166 crore equity shares of face value of Rs 10 each, at an issue price of Rs 14.80 per share, for an aggregate consideration of up to Rs 2,458 crore, to two of its key vendors, Nokia Solutions and Networks India Private Limited and Ericsson India Private Limited," the filing said. Nokia and Ericsson will participate for up to Rs 1,520 crore and Rs 938 crore respectively, subject to approval by VIL shareholders at the EGM to be held on July 10, 2024, the telco said in a release. "Nokia

Expect govt to allocate 6 GHz band spectrum for 5G network expansion: COAI

Telecom industry body COAI on Wednesday said it expects the government to allocate the 6 GHz band spectrum for 5G network expansion and roll out a fair share data network usage policy to make big apps pay for the excessive traffic generated by them. COAI, whose members include Reliance Jio, Bharti Airtel, Vodafone Idea and others, released its priority wishlist for the newly formed government at the Centre on Wednesday. The body wants the government to increase the number of test labs for accelerating the process of clearing network gear to enable expeditious rollout of telecom networks. Quoting a report from the global telecom industry body GSMA, the Cellular Operators Association of India said India can save as much as USD 10 billion annually in 5G network deployment through the use of the 6 GHz spectrum. "India has made a giant leap in 6G innovations through initiatives, such as Bharat 6G Alliance and Bharat 6G Vision which envisage India to be a leader in 6G innovations and ...

Vodafone Idea stock hits over 3-month high; up 26% in 6 days

The company's board is scheduled to meet on Thursday, 13 June 2024, to consider and evaluate proposals for issuance of equity shares and / or convertible securities on a preferential basis to vendors.

After 17% fall on LS poll outcome day, Voda Idea up 12% today; here's why

Shares of Vodafone Idea soared up to 12.55 per cent at Rs 14.89 per share on the BSE in Wednesday's intraday trade. The stock recovered after falling over 17 per cent on Tuesday

Vodafone Idea announces new prepaid plans with Netflix partnership

The Vi Rs 998 prepaid plan offers a validity of 70 days, alongside a daily 1.5GB limit, 100 daily SMS, and unlimited voice calling

Telecom operators seek 5-6 year moratorium on spectrum purchases after 2025

Operators said such a moratorium is needed on spectrum bought in auctions from next year due to significant capital expenditure incurred in deploying 5G services