Page 25 - Vodafone Idea

Government to convert Vodafone Idea's dues into equity; stock zooms 24%

Shares of Indus Towers, too, surged 15 per cent to Rs 164.80 on the BSE

Stocks to Watch: SBI, Vodafone Idea, Paytm, ITC, IndiGo, DCB Bank, Marico

Stocks to Watch: Paytm has narrowed its consolidated net loss to Rs 392 crore in Q3FY22. The company had posted a net loss of Rs 778.4 crore a year ago

Equity delay left Vodafone Idea with fewer users and higher debt

16-mnth hold-up: User base down by a tenth, Ebitda margins squeezed, losses pile up

Delayed decision

Govt should have moved fast in Vodafone Idea matter

Equity conversion as Vi's calling card may be near-term helpline

Fund infusion critical to sustaining operations of the firm over medium term, say analysts

Govt gets 33% stake in Vodafone Idea, promoters to invest as well

Centre clears Rs 16,133-crore dues conversion into equity

Vi to issue debentures worth Rs 1,600 cr to ATC after condition waiver

OCDs to be converted into equity for preferential allotment to ATC, will carry 11.2% coupon rate and have a tenure of 18 months

Vodafone Idea approves debentures worth Rs 1,600 crore to ATC Telecom Infra

The fresh approval was necessitated as the nod granted by the shareholders had lapsed

Jio, Airtel up subscribers tally, Vi loses 1.82 mn users in Nov: Trai data

Telecom operators Reliance Jio and Bharti Airtel cumulatively gained nearly 25 lakh mobile subscribers in November even as troubled Vodafone Idea lost nearly 18.3 lakh customers, according to data by sector regulator TRAI. India's largest telco Reliance Jio cemented its lead in the market adding 14.26 lakh net subscribers in November, whereas Airtel added 10.56 lakh users. At the end of November 2022, Jio's mobile subscriber tally stood at 42.28 crore, the levels rising from 42.13 crore during the previous month. Bharti Airtel's subscriber gains pushed up mobile user count of the Sunil Mittal-led company to 36.60 crore in November. In sharp contrast, cash-strapped Vodafone Idea lost 18.27 lakh subscribers during the month in reference, tempering its subscriber base to 24.37 crore in November. As per TRAI data, the total broadband subscribers increased to 825.38 million at the end of November 2022 with a monthly growth rate of 0.47 per cent. Top five service providers constituted

Mobile user base dips for third month straight, down 0.6 mn in Nov

Vodafone continues to lose subscribers, Airtel's additions at 6-month high, Jio retains the highest user base

Vodafone board to discuss Rs 1,600 cr debenture issue for ATC on Jan 31

Debt-ridden Vodafone Idea's board will meet on Tuesday to discuss a proposal to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure. Vodafone Idea (VIL) and ATC had agreed to extend the last date to issue optionally convertible debentures (OCD) till February 28 after the shareholder's approval to issue the debentures lapsed in December. "We wish to inform you that a meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 31st January 2023, in relation to the said preferential issue of OCDs to ATC and to convene the Extraordinary General Meeting of the Company to seek approval of the shareholders in this regard," VIL said in a regulatory filing. The shareholders' nod to issue OCD within 15 days of approval of the proposal had lapsed in the absence of any response from the government on the conversion of interest dues into equity. On November 21, shareholders of debt-ridden Vodafone Idea (VIL) approved issuing OCDs worth Rs .

Vi targeting tier 3 cities to protect rural customer base: Report

Vi is losing customers every month and it has been unable to raise funds

No new payment plan from Vodafone Idea, situation dynamic: Indus Towers

A significant part of the payment for Oct-Dec has been cleared by Vi, but instalment for January remains unpaid

Indus Towers tanks 5%, hits over 2-year low on reporting net loss in Q3

The loss in the books was a result of adoption of stringent accounting practices by the Company due to continued shortfall in collections from one of the major customers, the company said.

Indus Towers makes Rs 2,298-crore provision for Vodafone Idea receivables

Firm reports loss of Rs 708 crore in Q3; in Q2 it had recorded a profit of Rs 872 crore

Vodafone Idea won't be able to pay $5-bn govt dues from FY26: CLSA

Vi's capex was 80 per cent lower than rival Airtel in the past nine months

Indus Towers hits 52-week low in firm market; slips 10% in one month

Analysts at BNP Paribas believe an improvement in long-term revenue visibility from Vodafone Idea can result in further increase in earnings estimates as well as valuation multiple of Indus Towers

2023 will be decisive for Vodafone Idea, fundraising critical: CLSA

The brokerage firm CLSA said that with a decline in VI's share, Airtel and Jio together control 77 per cent and should continue to gain share in 2023

Vodafone Idea hits lowest level since September 2021, down 6% in firm mkt

According to a media report, the DoT is looking at the financials and the operations of Vodafone Idea to ascertain its health

Banks reluctant to fund loss-making Vodafone Idea before capital hike

"Without that (capital injection) it looks difficult for the company to ...survive," said one top official at a state-owned bank