Page 25 - Vodafone Idea

Need to make investments to improve cash flows: Vodafone Idea CEO

Debt-ridden telecom operator Vodafone Idea needs funding to make investments and vendor dues will be cleared once it starts generating cash from the investments, a top official of the company said on Wednesday. Vodafone Idea (VIL) CEO Akshaya Moondra during the company's earning call said that the experience on 5G is not much different for consumers at present unless the network is made ubiquitous. "It is very clear that we need to get funding to make investments and improve our operating cash flows to be then able to improve our vendor payment situation. Currently, we are prioritizing all payments which are essential for the continuation of operations," Moondra said. He said that all vendors have been very supportive during the difficult period that the company has been going through. "As we get the funding and start making investments, as we see cash generation from operations is going up, that will be the basis of our starting to clear the backlog," Moondra said. He said that t

Sensex jumps 243 pts on late buying, Nifty reclaims 18,000; RIL gains 2%

CLOSING BELL: The BSE Sensex gained more than 600 points from the day's low; Tech Mahindra, Bharti Airtel and auto shares were the other major gainers on Wednesday.

Aditya Birla Group looking to raise funds for Vi at promoter level: Report

The group is reportedly looking to raise long-term debt for ailing telco Vodafone Idea (Vi) and use preferential share allotment as the route

Stocks to watch: Eicher Motors, Voda Idea, Siemens, Bharat Forge, ONGC

Stocks to watch today: While Eicher Motors posted 62.4 per cent year-on-year (YoY) jump in the December quarter (Q3FY23) profit, Vodafone Idea's net loss widened 10.5 per cent YoY to Rs 7,990 crore

Vodafone Idea Q3 results: Net loss widens 10.5% to Rs 7,990 crore

The company lost 5.8 million subscribers sequentially and its user base stood at 228.6 million at the end of the second quarter

Liberty Global buys 4.3% stake in Vodafone betting on share revival

Liberty Global, which acquired 1.34 billion shares in Vodafone, said in a statement on Monday that it isn't considering an offer for the Newbury, England-based telecom group

Centre freeing up more 5G spectrum, auction likely next year: Report

5G spectrum: Centre is looking for ways to shift some broadcasting and satellite players from 3.8 GHz to higher frequency

Vodafone Idea may get 60 days to raise funds before govt asks for Q3 dues

The company has paid about 10% of the charges and fees it owes govt for the October-December quarter

Vodafone Idea in talks with banks to refinance Rs 3-4k crore loans

This is expected to free up some cash for Vodafone Idea which needs to pay urgently to Indus Towers, Nokia and Ericsson

Statsguru: India's telecom industry is lurching towards a duopoly

Vodafone's losses are expected to touch Rs 30,000 crore in the financial year 2022-23

Centre now largest Vodafone Idea shareholder as firm gives it 33.4% stake

Operational and management control of the company will remain with existing promoters

Technical chart: Is this the right time to buy Vodafone Idea shares?

Back in 2012, when the stock climbed over the same average, the stock price doubled in three years. The 50-MMA has become a decisive indicator for the shares of Vodafone Idea.

Top headlines: Quake kills 4,000 in Turkey, Syria, Vi eyes come back

Business Standard brings you the latest headlines at this hour

TMS Ep363: Vodafone Idea, Air India, bank stocks, lab-grown diamonds

Is Vodafone Idea out of the woods? Is Air India turning the corner under new management? Is the selling in bank stocks after Adani group fallout overdone? What are lab-grown diamonds? All answers here

Vodafone Idea, Indus Towers shares skyrocket on govt's stake move

Stake issuance coupled with potential capital infusion by promoters should help Vi clear pending dues and invest in 5G; Indus Towers' receivables set to reduce

Vodafone Idea plans to get back in the game but fundraising a challenge

The estimate for what it needs to tackle now is Rs 40,000 crore

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