Page 30 - Vodafone Idea

Vodafone Idea Q2 loss widens to Rs 7,595 crore on higher expenses

Gross revenue in the second quarter of FY23 increased by 12.8 per cent YoY to Rs 10,614 crore

Vodafone Idea Q2 loss widens on higher expenses, subscriber loss

ARPU of larger rivals Reliance Jio and Bharti Airtel was at 177.2 rupees and 190 rupees in the quarter, respectively

To improve ARPU, telcos to hike tariffs more frequently in FY23: Report

Reliance Jio is most likely to lead the hikes as it is now focussing on profitability and aims to launch an IPO in next couple of years

Vodafone Idea enhances postpaid offering as it loses ground to Airtel

New Vi Max postpaid plan offers users more data and SMSes per month, apart from travel discounts, airport lounge access, and priority customer service; comes into effect on Wednesday

Vodafone Idea launches Vi Max postpaid plans with OTT benefits and more

The Vi Max plans are available in four price brackets with free calls, OTT benefits, and night unlimited data benefits being standard across all plans

Airtel Q2 revenue may grow 21% YoY; Vodafone could lose 4 mn subscribers

Telecom Q2 preview: Bharti Airtel is expected to add around 2 million overall subscribers this quarter, taking the tally to 329 million

Govt equity in Vodafone Idea hinges on stock recovery: Indus Towers

Any equity infusion cannot be below par value, says Indus Towers in its Q2 report

Want to see business plan to tackle arrears, issues: Centre asks Voda Idea

Vi is also in talks with Indus Towers which has asked Vi to pay its dues of Rs 7,000 crore by November or face action

Indus Towers accepts Vodafone Idea's payment plan for its dues

Indus Towers posted a net profit of Rs 872 crore in the second quarter of the fiscal year (FY2023) on a revenue of Rs 7,967 crore

Equity issue to govt is precondition for Vodafone Idea debenture issue

Last Friday, firm's Vi decided to issue 16,000 OCDs to American Tower Corporation and raise Rs 1,600 cr. Company has convened EGM on November 21 to approve the plan

Indus Towers to raise Rs 2,000 crore via NCDs after weak Q2 result

The fund raise was approved by the company's board of directors following the second quarter FY 2023 result which saw 44 per cent year on year drop in net profit to Rs 872 crore.

OTT apps: COAI bats for 'same service, same rules' under draft telecom Bill

Industry body argues for 'same service, same rules', says current disparities give OTT players privileges but not responsibilities

At 10-20%, telecom tariff hikes in 2022 expected to be lower than in 2021

Tariffs are hiked by telcos to maintain a healthy average revenue per user (ARPU)

A tough call: Can VIL face the onslaught of rivals Jio, Airtel in 5G race?

Crippling debt, falling subscriber numbers, super-aggressive competitors and a government dragging its feet on a debt-to-equity conversion make the going tricky

Top Headlines: RIL Q2 net flat, CCI speeds up Apple antitrust case & more

Business Standard brings you the top headlines at this hour

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