Page 25 - Vodafone Idea

Telecos divided over benefits of artificial intelligence, big data tech

Operators have taken up conflicting positions on the need to create common AI terminology standards before leveraging the new-age technology in the telecom industry

No base station of 5G set up by Vodafone Idea in India yet: Report

Minister of state for communications Devusinh Chauhan said in the Rajya Sabha that Jio and Airtel accounted for a total of 20,980 5G base stations in India

Ericsson scaling up production in phases at Pune to meet India' 5G demand

Ericsson is supplying its equipment to both Bharti Airtel and Reliance Jio while Vodafone Idea is yet to finalise its 5G plans

Mobile user base dips for second straight month, shrinks by 1.82 million

The number of mobile users has fallen twice in the past eight months now, latest fall concentrated in urban India

Before it's too late

Govt must stick to its stand on Vodafone Idea

Vodafone Idea, ATC extend subscription date of Rs 1,600 cr OCDs to Feb 28

Debt-ridden Vodafone Idea and its vendor ATC Telecom Infrastructure have agreed to extend the last date for subscription of Rs 1,600 crore optionally convertible debentures to February 28, the telecom operator said in a regulatory filing. Vodafone Idea's proposal to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure has lapsed in the absence of any response from the government on the conversion of interest dues into equity. "...the Company and ATC have mutually extended the last date for subscription of the OCDs to 28th February, 2023 or such later date as may be mutually agreed, subject to fulfillment of certain conditions precedent," Vodafone Idea (VIL) said in a filing. The conditions for approval include nod of VIL shareholders and conversion of interest liability on the company arising from the deferment of Adjusted Gross Revenue (AGR) and Spectrum Dues into equity shares by the government. Last month, shareholders of debt-ridden Vodafone Idea ..

Top Headlines: IDBI stake sale, comprehensive package for Vi, and more

Queries shows a strong interest in the proposed IDBI transaction

Stocks to Watch: Auto, Voda Idea, Axis, IDBI Bank, Dabur, Spandana Sphoorty

Stocks to Watch Today: Markets to track Gujarat, Himachal Pradesh assembly results. Shares of rate sensitive sectors to be in focus as RBI policy signals likely further rate hikes.

Govt open to a comprehensive package for Vodafone Idea, with conditions

It wants promoters to pitch in first or bring new investors

Stocks to Watch: HDFC AMC, Voda Idea, IDBI Bank, Bikaji, Axis, ICICI Bank

Stocks to Watch Today: Shares of rate sensitive sectors such as auto, banks, NBFCs and real estate are likely to be in focus owing to the RBI policy announcement on Wednesday.

Top Headlines: Vi's fundraising on hold, trade settlement in rupee & more

Business Standard brings you the top headlines at this hour

Vodafone Idea's fundraising put on hold as govt delays equity call

The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion including hefty dues to the government

Vodafone Idea's validity period for OCD issuance to ATC Telecom lapses

Debt-ridden Vodafone Idea's proposal to issue Rs 1,600-crore debentures to mobile tower vendor ATC Telecom Infrastructure has lapsed in absence of any response from the government on the conversion of interest dues into equity, the telecom operator said on Tuesday. Last month, shareholders of debt-ridden Vodafone Idea (VIL) approved issuing optionally convertible debentures (OCD) worth Rs 1,600 crore to ATC Telecom Infrastructure on a preferential basis to settle dues of the infrastructure vendor by converting the due amount into equity, if the amount remained unpaid in 18 months. The OCD issue for ATC was subject to certain conditions including the approval of the government. VIL was of the view that by the time of issuing OCDs, the government would have converted the interest from deferment of adjusted gross revenue and spectrum dues owed by the company into equity. "As the Company has not received any communication from the Government of India on such conversion, the issuance of

Vi in talks with SBI for loan of Rs 15K-16K crore for capex needs: Report

The talks have reportedly been going on for over a month now and SBI is waiting to get clarity on the govt's potential shareholding in Vi

Rs 20K-crore Adani FPO to be fourth biggest fundraise by India Inc

RIL's rights issue in 2020 for Rs 53,124 cr remains the single-biggest equity issuance by an Indian firm

Telecom firms fear surge of 'pseudo-TSPs' due to private 5G network

This, they feel, could happen under direct allocation of spectrum by the govt

Jio strongest telecom brand in India, ahead of Bharti Airtel and Vi: TRA

Billionaire Mukesh Ambani's Reliance Jio is India's strongest telecom brand in India, ahead of Bharti Airtel and Vodafone Idea Ltd, according to brand intelligence and data insights company TRA. TRA, formerly Trust Research Advisory, in its 'India's Most Desired Brands 2022' ranked companies according to their brand strength. Reliance Jio topped the telecom category, followed by Bharti Airtel, Vodafone Idea Ltd and BSNL. In the apparel category, Adidas was the top brand followed by Nike, Raymond, Allen Solly and Peter England. BMW topped the automobile list, followed by Toyota, Hyundai and Honda, while LIC was ranked 1 on the banking and financial services index that had State Bank of India at number 2 and ICICI Bank at 3rd. Kent topped the consumer appliances ranking, followed by Livpure and Okaya. In consumer electronics, LG, Sony and Samsung were the top three brands. ITC topped the diversified conglomerate list, followed by Tata and Reliance. Hindustan Petroleum Corporation

Vodafone may have to raise tariffs to meet a Rs 6,400 cr shortfall by Sept

Goldman Sachs said Vi would need a sharp capital raise or a tariff increase to remain competitive. It is the only telco which has not yet given a timeline to launch its 5G services

Voda Idea expands retail presence with 300 new 'Vi shops' in rural markets

Vodafone Idea (VIL) on Sunday said it has rolled out 300 new-format 'Vi Shops' across multiple towns in Maharashtra, Tamil Nadu, Kerala, West Bengal and UP West, in line with its expansion blueprint to digitally connect the rural population. VIL plans to further strengthen its local presence and enhance engagement with mobile users by expanding its retail footprint to cover more rural markets in the coming months. "To ramp up its retail footprint at the sub district level, Vi has rolled out 300 new format 'Vi Shops' across multiple towns in Maharashtra, Tamil Nadu, Kerala, West Bengal and UP West," the company said in a statement. Customers in Indapur, Maharashtra; Hapur in Western UP; Basirhat in West Bengal; Usilampatti in Tamil Nadu; Payyoli in Kerala; and hundreds of other such towns will have access to quick, face-to-face service along with a range of differentiated products and offerings, it added. The Vi Shops concept for Tier 3 towns is intended to deliver a uniform experie

Telecom tariffs remain at 'unsustainable levels': Vodafone Idea CEO

Telecom operator Vodafone Idea (VIL) has said telecom tariffs in India continue to remain at "unsustainable levels" and the industry needs "tariff correction" to support continued investments. VIL has seen average revenue per user (ARPU) growth for five consecutive quarters now. Its average revenue or realisation per user at Rs 131 in Q2 FY23 was 19.5 per cent higher than the year-ago period, aided mostly by tariff hikes and subscriber upgrades. ARPU for the September quarter was higher sequentially as well, when compared to Rs 128 in Q1 FY23. "However, it is important to note that despite the price intervention made in the last one year, the tariffs in India continue to remain at unsustainable levels. And we believe that industry needs further tariff correction to support the continued investments going forward," Vodafone Idea CEO Akshaya Moondra said during the company's analyst call on Q2 FY23 earnings on Friday. Over the last one year, the company has taken several tariff ...