Page 15 - Vodafone Idea

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

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.