Page 30 - Vodafone Idea

Vi facing troubles in finalising 5G deals, vendors want advance payment

Vi owes Rs 1,000 cr to Ericsson, Rs 3,000 cr to Nokia, Rs 7,000 cr to Indus Towers, and Rs 2,000 cr to American Tower Company (ATC)

How-to convert physical SIM into e-SIM on Airtel, Jio, Voda-Idea networks

Unlike physical SIM card, e-SIM is embedded in the device. Here is a step-by-step guide on how to convert physical SIM in to e-SIM for smartphones

Airtel, Jio to spend about Rs 400 crore on ads during festive season

Bharti Airtel and Reliance Jio together are likely to spend the bulk of around Rs 350-400 crore in festive season advertising

Vodafone Idea decides to not convert its AGR dues into equity: Report

Vodafone Idea (Vi) needs to tell its decision to DoT on September 16 if it wants to convert the FY18 and FY19 dues into equity

FinMin okays converting Vodafone Idea's Rs 16,100 cr dues to govt equity

The government of India will own nearly 33% of Vodafone Idea's equity, and become the single-largest shareholder if the deal goes through

Stocks to Watch: NBFCs, RIL, Concor, IOL Chemicals, M&M, Jet Airways, VIL

Stocks to Watch Today: Analysts recommend lack of clarity on the new policy may limit the upside on Concor; Govt to acquire stake in Voda Idea after the stock stabilizes above Rs 10.

'Govt to acquire VIL stake after share price stabilises at Rs 10 or above'

The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source. Vodafone Idea (VIL) board has offered a stake to the government at a par value of Rs 10 per share. "There is a SEBI norm that the acquisition should take place at par value. DoT will clear the acquisition after VIL shares stabilise at Rs 10 or above," an official source told PTI. VIL shares are trading below Rs 10 since April 19. The stock declined by 1.02 per cent to trade at Rs 9.68 on BSE on Thursday. The finance ministry had cleared the proposal to acquire stake in VIL in July. Debt-ridden Vodafone Idea (VIL) has decided to opt for converting about Rs 16,000 crore of interest liability payable to the government into equity which will amount to around 33 per cent stake in the company while promoters' holding will come down from 74.99 per cent to 50 per cent. The government has given telecom operators an option of

Vodafone Idea zooms 9% on heavy volumes, hits highest level since May

A combined 206 million equity shares of the company changed hands within an hour of trading, as against an average of sub 200 million shares that traded in the past two weeks

VIL shareholders approve Moondra as CEO; Takkar becomes non-exec director

Shareholders of Vodafone Idea have approved elevation of company's chief financial officer Akshaya Moondra as new chief executive officer, according to voting result of the annual general meeting released on Tuesday. The company held its 27th AGM (annual general meeting) on Monday in which 99.75 per cent shareholders voted in favour of the special resolution to appoint "Akshaya Moondra as chief executive officer of the company". Moondra's appointment comes at a time when the company is reeling under debt of close to Rs 2 lakh crore and has been incurring huge losses. VIL has posted marginal narrowing of its consolidated loss at Rs 7,296.7 crore during the April-June quarter compared to the year-ago period, as tariff hikes boosted its realisations. The telco's loss stood at Rs 7,319.1 crore in the year-ago quarter. He will have to handle key tasks of fund raise to support company operations and capital expenditure. Moondra will replace Ravinder Takkar who completed his three-year t

Vi 5G launch to depend on use case, customers demand, competitive dynamics

Debt-ridden telecom operator Vodafone Idea's 5G services launch will depend on several factors such as use cases, customer demand, competitive dynamics etc., a senior official of the company said on Monday. While speaking at the 27th annual general meeting, Vi Managing Director and CEO Ravinder Takker said that the promoters of the company have invested Rs 4,940 crore and the company is in active discussion with investors for fund raise. VIL acquired spectrum worth Rs 18,800 crore, which includes radiowaves in the mid band (3,300 MHz band) in 17 priority circles and spectrum in the 26 GHz band in 16 circles for 5G services. The company also acquired additional 4G spectrum in three circles of Andhra Pradesh, Karnataka and Punjab. The fresh spectrum bid adds an annual installment liability of Rs 1,680 crore on the company. "5G roll-out will depend on various factors such as how use cases will evolve, demand from customers, capacity requirement as well as competitive dynamics," Takkar

Vodafone Idea denies report alleging data leak of 20 mn postpaid customers

After a cyber-security research firm claimed that call data records of around 20 million customers of Vodafone Idea was leaked and accessed by cyber-frauds, the telecom operator has denied the breach

CyberX9 says data of 20 mn postpaid customers of Vi exposed; telco denies

Multiple vulnerabilities in the system of telecom operator Vodafone Idea has exposed the call data records of around 20 million postpaid customers, cyber security research firm CyberX9 said in a report. Vodafone Idea (Vi), however, said there was no data breach and potential vulnerability in its billing communication was immediately fixed after it learned about it. According to the CyberX9 report, the vulnerability exposed postpaid customers' call data records, comprising the time when a call was made, duration of call, location from which the call was made, customer's full name and address, SMS details comprising contact number to which it was sent, among others. CyberX9 founder and Managing Director Himanshu Pathak told PTI that the firm had shared entire findings with Vodafone Idea through email and a company official had acknowledged the vulnerability on August 24. Pathak said CyberX9 reported details to Vi on August 22. "Later on August 22, 2022, Vi confirmed the receipt of o

Sensex ends 352 pts off day's lows, rises 38 pts; L&T, Airtel top gainers

CLOSING BELL: The recovery was led by Kotak Bank (up 4 per cent), L&T, Bharti Airtel, SBI, HDFC Bank, HDFC, and ITC

Telecom user base grows to 1.17 bn with Jio taking lead in new addition

Telecom subscriber base in the country grew marginally to 117.29 crore in June with Reliance Jio adding maximum number of new customers, according to data released by sector regulator Trai on Wednesday. There were 117.07 crore subscribers in May 2022. "The number of telephone subscribers in India increased from 1,170.73 million at the end of May 2022 to 1,172.96 million at the end of June 2022, thereby showing a monthly growth rate of 0.19 per cent," Trai said in the report. The wireless subscriber base grew to 114.73 crore in June from 114.55 crore in May. Reliance Jio's wireless subscriber base grew to 41.3 crore with net addition of 42.23 lakh customers. It was followed by Bharti Airtel whose subscriber base increased to 36.29 crore with net addition of 7.93 lakh customers. Vodafone Idea continued to lose subscribers. Its subscriber base fell by 18 lakh to 25.66 crore. State-run BSNL and MTNL also lost 13.27 lakh and 3,038 wireless customers respectively. The wireline (fixed

Reliance Jio, Voda step up hiring as 5G related job postings rise 65%

As India and other countries take firm steps to adopt 5G, the number of job postings by telcos related to 5G increased by 65 per cent last month, from 5,265 job postings in January to 8,667 in July

Telecom fims, govt in talks over harmonisation of 5G spectrum: Report

The spectrum harmonisation process, critical for 5G services, brings together a bunch of radio wave holdings within a band into one contiguous block with the consensus of all telecom service providers

Vodafone Idea says industry needs tariff increases at regular intervals

Vodafone Idea Ltd says the industry needs to raise mobile tariffs at regular intervals as the sector still operates at unsustainably low prices and revisions will allow it to generate returns.

5G services may come with a premium: Vodafone Idea CEO Ravinder Takkar

However, customers could get a higher data bundle along with pricier plans

Sensex snaps 6-day winning streak ahead of RBI policy outcome, dips 52 pts

CLOSING BELL: PSU banks were the worst hit today with the Nifty PSB index down 1.75 per cent

Vodafone Idea's Q1 loss narrows to Rs 7,296 cr, appoints Takkar as chairman

Average revenue per user (ARPU) improved to Rs 128, up 3.2 per cent quarter-on-quarter from Rs 124 in Q4 of FY22. Telecom companies had taken 20 per cent tariff hikes in November 2021