5G spectrum: Centre is looking for ways to shift some broadcasting and satellite players from 3.8 GHz to higher frequency
The company has paid about 10% of the charges and fees it owes govt for the October-December quarter
This is expected to free up some cash for Vodafone Idea which needs to pay urgently to Indus Towers, Nokia and Ericsson
Vodafone's losses are expected to touch Rs 30,000 crore in the financial year 2022-23
Operational and management control of the company will remain with existing promoters
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.
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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
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
The estimate for what it needs to tackle now is Rs 40,000 crore
Shares of Indus Towers, too, surged 15 per cent to Rs 164.80 on the BSE
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
16-mnth hold-up: User base down by a tenth, Ebitda margins squeezed, losses pile up
Govt should have moved fast in Vodafone Idea matter
Fund infusion critical to sustaining operations of the firm over medium term, say analysts
Centre clears Rs 16,133-crore dues conversion into equity
OCDs to be converted into equity for preferential allotment to ATC, will carry 11.2% coupon rate and have a tenure of 18 months
The fresh approval was necessitated as the nod granted by the shareholders had lapsed
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
Vodafone continues to lose subscribers, Airtel's additions at 6-month high, Jio retains the highest user base