Page 14 - Vodafone Idea

Vodafone Idea announces extra data offer for 4G and 5G consumers

Many smartphone users in India do not maximise the potential of their 4G/5G mobile devices due to a lack of sufficient data

Vodafone Idea shares jump 7.5% on global broking firm UBS upgrade

The telco has to pay Rs 12,000 crore to the government between October 2025 and March 2026, taking into account both principal and interest

Ericsson India in discussions with Vodafone Idea for potential 5G agreement

Nitin Bansal of Ericsson India said the initiative follows a follow-on offer and is expected to initiate a network expansion project within the next two to three months

Nomura upgrades Vodafone Idea to 'Neutral'; sees 13% upside; details here

Vodafone Idea stock outlook: Global brokerage Citi, too, has assigned a 'High Risk Neutral' rating to Vodafone Idea stock with a target of Rs 15

Stocks to Watch, May 18: Vodafone Idea, ZEE, Delhivery, Sobha, Zydus Life

Stocks to Watch on Saturday, May 18, 2024: Vodafone Idea is directing capital expenditure towards enhancing its 4G service coverage, aiming to expand its subscriber base

5G rollout to begin in 6 months but 4G remains priority: Vi CEO Moondra

Says paying more for using more should be the focus for any tariff rise

RIL, Adani Ports, Vi, Biocon, CONCOR among nine stocks to track on May 17

At 6:51 AM, GIFT Nifty futures showed a rise of 26 points, trading at 22,478 levels, signaling a subdued start for the stock exchanges

Jio, Airtel, Vodafone Idea deposit Rs 4,350 cr ahead of spectrum auctions

Reliance Jio had a net worth of Rs 2.31 trillion followed by Airtel with Rs 86,260 crore, DoT said. Vodafone Idea had a negative net worth of Rs 1.16 trillion

Glad to see VIL's fund raise; India to benefit from 3 pvt telcos: Airtel MD

Bharti Airtel Managing Director Gopal Vittal on Wednesday said he was happy to see Vodafone Idea raising funds and asserted that India will be well-served with three private players operating in the market. The comment assumes significance as Airtel's smaller rival Vodafone Idea recently raised Rs 18,000 crore pulling-off India's largest-ever follow-on public offering (FPO). The fundraise is expected to arm VIL with firepower to improve its competitive positioning in the Indian telecom market, where it trails Reliance Jio and Bharti Airtel, by a wide margin. Speaking at an earnings call of Airtel, Vittal fielded a question on how he sees competitive intensity in the market, post the capital raise by VIL. Vittal said he was glad to see that VIL has raised money, and that he wished them well. "India will be well-served if it has three operators... three private operators working. (On) Whether we need to push harder, we are pushing hard everyday, so it is an ongoing effort... it is a

Stars aligned for Vi? Rs 18K cr FPO has raised hopes of a daring turnaround

But tariff hikes are needed and dues need to be paid

VIL shareholders approve plan to raise authorised share capital to Rs 1 trn

Debt-ridden telco Vodafone Idea shareholders have approved a proposal to raise its authorised share capital to Rs 1 lakh crore and issue equity shares on a preferential basis to promoter group firm Oriana Investments, a regulatory filing said on Thursday. According to the scrutiniser report of the extraordinary general meeting (EGM) held on May 8, all special resolutions have been approved by the majority of the shareholders, with a minuscule percentage of voters opposing them. "All the resolutions mentioned in the EGM Notice....stand passed with requisite majority," the scrutiniser report said. Vodafone Idea (VIL) has sought shareholders' nod to raise companies authorised share capital to Rs 1 lakh crore from Rs 75,000 crore, following its recent Rs 18,000 crore follow-on offering (FPO). The company had also sought shareholders' nod to issue preferential shares worth Rs 2,075 crore to promoter group firm Oriana Investments Pte- an Aditya Birla Group entity.

Vi plans to be 5G ready by FY26-end, raise tariffs in coming quarters

The telco expects to increase its ARPU by continuously upgrading subscribers from 2G to 4G

Citigroup sells shares of Vodafone Idea for over Rs 233 cr via open market

Financial services company Citigroup on Wednesday sold shares of telecom company Vodafone Idea for over Rs 233 crore through an open market transaction. US-based Citigroup through its affiliate, Citigroup Global Markets Mauritius, offloaded shares of Vodafone Idea through a block deal on the BSE. Citigroup Global Markets Mauritius Pvt Ltd disposed of 19,04,25,000 shares of Vodafone Idea, as per the data on the BSE. The shares were disposed of at an average price of Rs 12.27 apiece, taking the transaction value to Rs 233.65 crore. Meanwhile, Ghisallo Master Fund LP acquired the shares of Vodafone Idea at the same price. On Wednesday, shares of Vodafone Idea jumped 2.67 per cent to close at Rs 12.71 per piece on the BSE.

Jio, Airtel, Vodafone Idea to participate in Rs 96,317 cr spectrum auction

Telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea have submitted their application to bid for Rs 96,317-crore spectrum auction, which is scheduled to start from June 6, according to sources. The last auction held in 2022 had the Adani Group firm as a surprise bidder but there is no new name for the upcoming auction. "Reliance Jio, Bharti Airtel, and Vodafone Idea have submitted applications for spectrum auction," an official source said. The government will auction eight spectrum bands for mobile phone services at a base price of about Rs 96,317 crore. All the available spectrum in the 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz, 2,500 MHz, 3,300 MHz, and 26 GHz bands are part of the auction. The total frequencies being put under the hammer are valued at Rs 96,317 crore on base price. The spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments. The DoT has provided an option to surrender t

Analysts wary of Vodafone Idea's falling subscribers, broadband users

'Recent fundraise could have a bearing on subscriber additions '

Telecom subscriber base rises by 5.6 mn in March 2024, led by Jio, Airtel

Reliance Jio clocked in 3.6 million new subscribers and Bharti Airtel added 2.8 million subscribers in March 2024, while Vodafone Idea loss 0.6 million

Vi steps up talks with Nokia, Ericsson to accelerate 4G network enhancement

Vodafone Idea intends to allocate Rs 13,000 crore for capital expenditures, with over half of it earmarked for expanding its 4G infrastructure

BofA upgrades Voda Idea stk; telcos may up tariff by 20-25% post LS polls

However, the Vodafone Idea stock is not a 'buy' yet as BofA awaits further clarity on funding position improvement post fiscal 2025- 26 (FY26) as the spectrum moratorium ends

Vodafone Idea in talks to avail loans worth $1.8 billion, says report

The company has reached out to state-run lenders State Bank of India (SBI), Bank of Baroda, Punjab National Bank and some privately-held banks, the report said

In talks with Vodafone Idea, hopeful of recovering dues soon: Indus Towers

Indus Towers is keen on servicing Vi's expected 4G expansion and 5G rollout