Page 29 - Vodafone Idea

Vodafone Idea gets board of directors' nod to raise Rs 1,600 cr from ATC

Board approves issue of debentures

Voda Idea gets board approval to raise Rs 1,600 crore from ATC Telecom

Loss-making telecom operator Vodafone Idea board on Friday approved a proposal to raise up to Rs 1,600 crore from mobile tower company ATC Telecom Infrastructure, the company said in a regulatory filing. "The Board of Directors of Vodafone Idea Limited at its meeting held today - October 21, 2022 - has, inter-alia, approved issuance of up to 16,000 Indian Rupee denominated optionally convertible, unsecured, unrated and unlisted debentures having a face value of Rs 10,00,000 each, in one or more tranches, aggregating up to Rs 1,600 crores, convertible into equity shares at a conversion price of Rs 10 per equity share, to ATC Telecom Infrastructure Private Limited," VIL said. The optionally convertible, unlisted, unsecured and unrated debentures (OCDs) will carry a coupon rate of 11.2 per cent per annum, payable semi-annually during its term. "Maximum OCD term of eighteen (18) months from the date of issue and allotment of the first tranche of OCDs," the filing said.

Sebi clears govt proposal to turn Vodafone Idea dues into equity: Report

The govt's stake in Vodafone after the conversion could be more than 30%, says a govt official

BSNL has worst call drop rate in 14 of 18 surveyed cities, shows Trai data

Vodafone Idea had the highest data download rates, across both 3G and 4G networks in the most number of cities

Jio most consistent, Vi best 4G network for gaming in India, says report

According to Opensignal's 'Mobile Network Experience Report', Vi was the best 4G network for uploading in India

Jio pips Vi to top 4G upload speed chart, leads in download speed: Trai

Telecom major Jio topped the 4G network speed chart in terms of average download and upload for the first time in about six years of its commercial operation, according to data published by sector regulator Trai. While Jio's 4G upload speed marginally improved to 6.4 megabit per second, the speed on Vodafone Idea (Vi) network dropped to 5.9 mbps in September from 6.7 mbps in August. Vi was leading the chart for the last several quarters in the uploading speed segment. The average speed is computed by Telecom Regulatory Authority of India based on the data it collects across India with the help of its MySpeed application on a real-time basis. Airtel and BSNL networks registered a 3.4 mbps upload speed in September. Jio continued to maintain its leadership in the 4G download chart. In September, the telecom major recorded an average download speed of 19.1 mbps. It was followed by Airtel, which recorded a download speed of 14 mbps, followed by Vi at 12.7 mbps and BSNL at 5 mbps.

Taxes absorb 58% telco revenues in nation with lowest tariff: Voda-Idea CEO

Says operational cash generation can be released for investments if govt eases tax burden

Todays Top Headlines: India's 5G spread, Prosus-BillDesk M&A deal, and more

Global telecom gearmaker Ericsson's senior vice-president Nunzio Mirtillo believes that India will see one of the fastest 5G adoptions in the world

Sensex down 638 pts; Nifty nears 16900; Adani Group stocks slide, pharma up

CLOSING BELL: Adani Enterprises was the biggest Nifty dragger as it dropped 9 per cent

Realme partners Airtel, Jio, Vodafone Idea to offer bundled 5G smartphones

Smartphone maker Realme has partnered with telecom operators Airtel, Jio and Vodafone Idea to come up with a bundled offer for 5G handsets, the company said after the launch of 5G services at the Indian Mobile Congress. Realme launched India's first 5G smartphone in India in 2020 and since then, it has added 23 5G smartphones to its portfolio. "As the first brand to launch a 5G-enabled phone, we believe that 5G has the potential to bring together the entire ecosystem, which is why Realme has dedicated 90 per cent of its research and development efforts to 5G technologies and devices. "We have partnered with the leading telcos in India and have curated a host of bundle offers for our users," Realme vice president and Realme India CEO Madhav Sheth said in a statement. Seth -- who is also Realme International Group President -- said 85 per cent of the company's devices already support standalone (SA) 5G (Which Jio is rolling out) and 100 per cent of its devices will have full SA suppo

PM Modi interacts with Delhi Metro tunnel workers via live Vi 5G network

VI switched on its live 5G network here as PM made the first call, using the 'Vi 5G Digital Twin' technology, to interact with the construction workers at Delhi Metro's under-construction tunnel

Voda Idea says 5G rollout journey to begin soon; doesn't specify launch

Vodafone Idea, the country's struggling third telecom player, plans to begin the journey to roll out 5G services, matching rivals Reliance Jio and Bharti Airtel, but the firm has offered no specific timeline for the launch or coverage of the ultra high-speed internet services. Aditya Birla Group Chairman Kumar Mangalam Birla on Saturday pledged the telco's commitment to taking India on "the new pace of country's digital journey" while speaking at the inauguration of India Mobile Congress 2022 and launch of 5G services in the country by Prime Minister Narendra Modi. "We will soon begin 5G rollout journey. We will leverage our strong presence in rural India, our enterprise customers, our tech partners, and global experience of Vodafone Group for progressively rolling out our 5G network and services in the coming period," Birla said. Unlike its rivals Reliance Jio and Airtel that outlined firm timelines for the launch of 5G services, Vodafone Idea did not disclose any rollout schedule

LIVE updates: Avalanche near U'khand's Kedarnath Temple, no damage reported

Live news updates: The giant glacier behind Kedarnath broke for the second time since the last month and appeared like a watershed from a distance

Banks unwilling to extend new credit to Voda Idea without promoter funding

Talks between Vodafone Idea Limited and its lenders to raise Rs 10,000 crore in debt have been ongoing for more than 9 months

Discussions on with Indus Towers for softer payment terms, says Vi

This follows Indus Towers's warning letter to Vi to pay up its accumulated dues or face disconnection from November.

Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea

Stocks to Watch today: Hero MotoCorp said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles

Vi to lose access to towers if it fails to clear dues, says Indus Towers

Vodafone Idea's (Vi) total tower dues exceed Rs 10,000 crore. Out of this, Rs 7,000 crore is owed to Indus Towers alone

Stocks to Watch: Torrent Pharma, ONGC, Dr Reddy's, BHEL, BPCL, Birla Corp

Stocks to Watch: Dr Reddy's has received US FDA nod for marketing Timolol Maleate, which is used to treat Glaucoma

Stocks to Watch: Mahindra Logistics, Sterlite Tech, Amara Raja, JSW Energy

Mahindra Logistics has announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space

Vodafone Idea, EESL to install 5 mn IoT-based smart meters in UP, Haryana

Vodafone Idea and state-owned Energy Efficiency Services Limited will install 33.3 lakh additional smart meters in Uttar Pradesh and Haryana, the two companies said in a statement. Vodafone Idea Limited (VI) and Energy Efficiency Services Limited (EESL) under a partnership have already installed 16.7 smart meters in these two states, the statement said Monday. "VI partners with EESL for advanced metering infrastructure project for DISCOMS in Uttar Pradesh and Haryana. 16.7 lakhs Vi IoT enabled smart meters installed at present in the two states. In total, 50 lakhs Vi IoT-enabled smart meters to be installed under the agreement," it said. According to the statement, the Internet of Things (IoT)-enabled smart meters have resulted in substantial improvement in monthly meter readings. The deployment of smart meters have also helped in improving billing and collection efficiency and has led to huge upside revenue for the DISCOMS thereby improving their financial standing. Arvind Nevatia