Page 16 - Vodafone Idea

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

Indus Towers Q4 results: PAT rises 32% to Rs 1,853 cr, revenue up 6.5%

Telecom infrastructure company Indus Towers on Tuesday reported around a 32 per cent jump in its consolidated net profit for the fourth quarter ended March 2024. It had registered a net profit of Rs 1,399.1 crore a year ago, as per the company's regulatory filing. The company's consolidated revenue from operations grew 6.5 per cent to Rs 7,193.2 crore during the reported quarter against Rs 6,752.9 crore in the March 2023 quarter. For the year ended March 31, 2024, Indus Towers posted close to a three-fold jump in consolidated profit to Rs 6,036.2 crore from Rs 2,040 crore at the end of the financial year (FY) 2023. The annual revenue from operations of Indus Towers remained almost flat at Rs 28,600.6 crore during the reported fiscal compared to Rs 28,381.8 crore in FY23. "The network expansion by a major customer and increase in our market share helped us deliver record tower additions, surpassing the milestone of 2,00,000 towers. On the financial front, we were pleased to see ste

Vi FPO rings in vigour for telecom sector, may reduce subscriber loss

But low capital expenditure and large debt weigh down Vi's revival prospects

Vodafone Idea's FPO: A Rs 287 crore bonanza for investment bankers

The telecom operator has paid Rs 287 cr to three bankers, second-most ever

ATC Telecom Infra exits Vodafone Idea, sells entire stake for Rs 1,840 cr

ATC Telecom Infrastructure on Friday sold its entire 2.87 per cent stake in telecom operator Vodafone Idea for Rs 1,840 crore through an open market transaction. American Tower Corporation (ATC) Telecom Infrastructure is one of the largest infrastructure service providers for Vodafone Idea. According to the bulk deal data available on the National Stock Exchange (NSE), ATC Telecom Infrastructure Pvt Ltd sold a total of 144 crore shares, representing a 2.87 per cent stake in Vodafone Idea (VIL). The shares were disposed of at an average price of Rs 12.78 apiece, taking the deal size to Rs 1,840.32 crore. ATC Telecom Infrastructure held a 2.87 per cent stake in VI as it has recently converted debentures into equities. Meanwhile, Citigroup Global Markets Mauritius acquired more than 49.12 crore shares, amounting to a 0.98 per cent stake in VIL. The shares were bought at an average price of Rs 12.70, taking the deal value to Rs 623.88 crore. However, Citigroup Global Markets Mauriti

Voda Idea stock rebounds 14% from intra-day low post listing of new shares

Shares of Vodafone Idea (VIL) hit a high of Rs 13.40 bouncing back 10 per cent from its intra-day low on the National Stock Exchange (NSE) in Thursday's intra-day trade amid heavy volumes.

Loan for Vodafone Idea: Banks to check liabilities repayment schedule first

Telecom company Vodafone Idea needs to raise about Rs 25,000 crore through loans

Vodafone Idea slips 9% ahead of listing of shares allotted in FPO

The shares allotted in FPO are expected to list on Thursday. The stock had rallied 12 per cent on Tuesday on strong foreign investor's response for FPO

Bharti Airtel denies reports of interest in Vodafone's Indus Towers stake

Amid reports of buying UK-based Vodafone Group's 21 per cent stake in Indus Towers, Airtel affirmed that it is not in any such talks

Strong signal for telecom sector after successful Vodafone Idea FPO

VIL and Airtel have an instant ARPU upside if they can convert voice-only 2G users to 4G (all Jio users are data-enabled)

Vi approves offer price of Rs 11 per equity share for Rs 18,000 cr FPO

Telecom operator Vodafone Idea's (VIL) board has fixed the FPO offer price at Rs 11 per equity share, according to a regulatory filing. The anchor investor offer price of Rs 11 per equity share has also been greenlit by the board. "... Following resolutions were also passed... determined and approved the offer price of Rs 11 per equity share... approved the anchor investor offer price of Rs 11 per equity share," VIL informed. Debt-laden telecom operator Vodafone Idea Ltd has raised Rs 18,000 crore pulling off India's largest-ever follow-on public offering (FPO) as the issue got subscribed nearly seven times after institutional investors poured in money, stock exchange data showed on Monday evening. The fundraise will arm VIL with an ammo to improve its competitive positioning in the Indian telecom market, where it trails Reliance Jio and Bharti Airtel, by a wide margin. "Further to our letter dated 17 April 2024, intimating you about the meeting of the board of directors of the ..

Vodafone Idea rallies 7% on strong foreign investor's response for FPO

India's largest FPO was subscribed 6.4 times. The qualified institutional buyer (QIB) portion of the share sale was bought 17.6 times, with 82 per cent of the bids coming from foreign portfolio