Page 21 - Vodafone Idea

VIL needs promoters, govt to work in tandem to attract new investors

The struggling telecom service provider urgently needs the promoters and the government to work in tandem to attract new investors

Vodafone Idea cuts ties with 25,000 retail partners to reduce costs

As competition in the telecom market rises due to competitive packages by Bharti Airtel and Reliance Jio, Vi is taking drastic cost-cutting measures

COAI re-elects Jio's PK Mittal as chairperson, VIL's Balaji as vice-chair

Reliance Jio Infocomm President and former DoT official Pramod Kumar Mittal has been re-elected as chairperson of the Cellular Operators Association of India for 2023-24, the industry body said on Wednesday. Vodafone Idea Chief Regulatory and Corporate Affairs Officer P Balaji was elected as vice-chairperson at the annual general body meeting of COAI for the financial year 2022-23 "Pramod K Mittal, President, Reliance Jio Infocomm Ltd, will once again hold the position of Chairperson while P Balaji, Chief Regulatory & Corporate Affairs Officer, Vodafone Idea Limited, will be the Vice Chairperson," COAI said in a statement. Mittal comes with an experience of over 40 years in telecommunications. Before joining Reliance Jio Infocomm, Mittal served in the Department of Telecommunications (DoT) for over 37 years. Since 2000, he served as Deputy Director General (DDG) and then as Senior DDG, working in the telecommunication policy formulation and implementation, licensing and regulatory

Vodafone Idea zooms 10% amid report of Rs 14,000-crore fund raise plan

As per a report, promoters Aditya Birla Group (ABG) and UK's Vodafone Group Plc could infuse Rs 14,000 crore in the company

Airtel, Jio target Vi's postpaid users with competitive int'l packages

Indian telecom providers are introducing international roaming packages for postpaid customers with competitive prices as Vodafone Idea reports financial troubles

Jio, VIL pitch for Satcom spectrum allocation via auction, Airtel opposes

While the satellite industry has unanimously demanded spectrum allocation through administrative methods, major telecom firms Reliance Jio, Vodafone Idea, and Bharti Airtel offered divergent views to sector regulator Trai. The comments on a consultation paper on spectrum assignment for space-based communication by the Telecom Regulatory Authority of India were made public on Friday. Reliance Jio and Vodafone Idea (VIL) have suggested that the spectrum for satellite communication services should be allocated through auction, while Bharti Airtel has opposed it. Reliance Jio has submitted that spectrum assignment between space-based and terrestrial networks must maximise public good and serve the greatest number of people. "There is no better method than free and fair auctions to achieve this goal. Auctioning spectrum is the most transparent method of spectrum assignment and allows service providers to decide on their technology, be it terrestrial, satellite, or any other," Reliance J

Funding discussions are on with banks, other sources: Vi CEO Moondra

Says lack of 5G not hurting customer numbers so far, will rollout service as soon as investments come.

Stocks to Watch today, May 26: Voda Idea, Hind Zinc, RIL, SAIL, Zee, Emami

Stocks to watch on May 26, 2023: BEML, BHEL, Grasim, M&M, ONGC, Shree Renuka Sugars, Sun Pharma and Wockhardt among prominent companies scheduled to announce Q4 results on Friday.

Jio adds 3.05 mn mobile users in March, Vodafone Idea loses 1.2 mn users

India's largest telecom operator Reliance Jio added 30.5 lakh mobile subscribers in March, accelerating its momentum of February, while Vodafone Idea lost 12.12 lakh wireless users during the month, according to data released by telecom regulator TRAI. Sunil Mittal-led telecom company Bharti Airtel onborded 10.37 lakh mobile subscribers in March, raising its subscriber base to 37.09 crores in March against 36.98 crores in February. Reliance Jio added 30.5 lakh subscribers in March, as its subscriber count exceeded 43 crore, compared to 42.71 crore in February. It is pertinent to mention that in February too, Reliance Jio had added the maximum number of mobile subscribers (at about 10 lakh) among telcos, while Airtel had gained 9.82 lakh mobile users during February. A look at March data released by TRAI showed that Vodafone Idea -- which trails Reliance Jio and Bharti Airtel in the mobile market subscriber tally -- lost 12.12 lakh mobile users in March. Vodafone Idea's mobile ...

Stocks to Watch today, May 17: Paytm, Voda Idea, JK Tyre, Oberoi Realty

Stocks to Watch on Wednesday: The Supreme Court will, on Wednesday, hear a batch of Public Interest Litigations (PILs) seeking an investigation into the Adani Group-Hindenburg report

VIL still needs additional liquidity to survive, says Vodafone Group

Vodafone Group owns 32.29% stake in VIL while Aditya Birla group owns 18.07% stake in VIL after the government picked up 33% stake in the loss-making company

VI adopts Ericsson's online charging solution for faster product launches

Ericsson's solution implemented across India, replaces VI's three existing solutions

300 mn Vi users move to Ericsson charging system in India, biggest globally

Ericsson replaced three existing Online Charging Solutions (OCS) with Ericsson Charging as the single OCS solution across the country

Reliance Jio, Bharti Airtel gaining equally at the expense of Vodafone Idea

Over 2 million wireless subscribers exited Vodafone Idea in February; Reliance Jio gained 1 million, and Airtel added 982,554 subscribers

Reliance Jio, Airtel add 1.9 million mobile subscribers in February: Trai

Telecom operators Reliance Jio and Bharti Airtel added 19.8 lakh mobile subscribers month-on-month in February, even as Vodafone Idea lost 20 lakh customers, according to data released by Trai on Thursday. India's largest telecom player Reliance Jio added the maximum number of mobile subscribers at about 10 lakh, taking its wireless subscriber tally to 42.71 crore users in February, as against 42.61 crore in January. Sunil Mittal-led Bharti Airtel gained 9.82 lakh mobile users during February and ended the month with a wireless subscriber base of 36.98 crore. Vodafone Idea lost 20 lakh subscribers in the wireless category as its mobile subscriber base shrunk to 23.79 crore, as per data from the Telecom Regulatory Authority of India (Trai). "...the total Broadband Subscribers increased from 839.18 million at the end of January-23 to 839.33 million at the end of February-23 with a monthly growth rate of 0.02 per cent," the release said. The top five service providers constituted 98.

Vodafone Idea expected to come up with revival plan within a month: Report

In an interview, telecom secretary K Rajaraman said that the return of Kumar Mangalam Birla, chairman of Aditya Birla group, to the board of the ailing telco is a 'positive step'

Received 'significant part' of Q4 dues from Vodafone Idea: Indus Towers

Vi had submitted a payment plan approved by the tower company's board in October 2022

See hope in Vi, says Kumar Mangalam Birla after rejoining telco's board

Industrialist Kumar Mangalam Birla on Wednesday said he chose to rejoin the board of the group's struggling telco Vi because he sees "hope" in the business. Birla, who was appointed as an non-independent director on the board of the debt-laden Vodafone Idea or Vi, said as a promoter, he wanted to indicate a "willingness" to take the business forward. "I think we are seeing hope again in the company," Birla said after receiving the Lokmat Maharashtrian of the Year 2023 award. "I thought as a promoter it is only right that I also indicate my willingness to take the business forward which is why the decision to come back on the board (was taken)," he added. Birla said the government -- which recently became the largest shareholder in Vi by way of converting dues -- is "pretty resolute" about having three private players in the strategically important telecom sector and has been giving impetus to the industry. He also acknowledged that its rivals Bharti Airtel and Reliance Jio are "do

Free 5G services: Trai officials indicate that Vi charges may not hold

Vi recently approached Trai with a complaint that Reliance Jio and Bharti Airtel, which it called SMP, are indulging in predatory pricing with their respective unlimited 5G offers

Voda-Idea shares rally nearly 10 pc as K M Birla returns to company board

Shares of Vodafone Idea jumped nearly 10 per cent in morning trade on Friday after Aditya Birla Group Chairman Kumar Mangalam Birla returned to the board of the debt-ridden firm as an additional director in a non-executive and non-independent role. The stock of the telecom firm zoomed 9.73 per cent to Rs 6.65 on the BSE. At the NSE, it jumped 9.91 per cent to Rs 6.65. Birla had stepped down from Vodafone Idea Ltd (VIL) board in August 2021 as non-executive chairman of the company. "...the board of directors of the company...at its meeting appointed Kumar Mangalam Birla, as an additional director (Non-Executive and Non-Independent) with effect from 20 April 2023," VIL said in a regulatory filing on Thursday. VIL is reeling under a debt of Rs 2.22 lakh crore, comprising deferred spectrum payment obligations of Rs 1.39 lakh crore and adjusted gross revenue liability of Rs 69,910 crore that are due to the government. The debt from banks and financial institutions stood at Rs 13,190 c