Page 32 - Vodafone Idea

VIL board meeting on Jun 22 to consider Rs 500-cr fundraising from promoter

The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company).

Jio adds 1.68 mn mobile subscribers in April; Airtel gains 810,000 users

Vodafone Idea lost about 15.7 lakh mobile subscribers during April 2022, the monthly subscriber data released by the Telecom Regulatory Authority of India (TRAI) on Thursday showed.

How Airtel took a long call on profit by focusing on costs and customers

Airtel reported nearly a three-fold year-on-year increase in its net profit to Rs 2,008 crore in the fourth quarter of FY22

Vodafone Idea set to roll out digital platforms in the next 12 months

VIL plans to integrate the various digital platforms under Vi, its flagship app, which is used by subscribers to make payments and buy new connections

Private telcos to hike tariffs in H2; FY23 revenues to jump by 25%: Report

A growth in average revenue per user is essential for the industry to invest in the network and spectrum, and if they do not do so, it can result in poor service offerings, Crisil said in a report

5G use case is up in the air; Rs 25k cr enough for now: Voda Idea MD & CEO

'What's important is to create a quality service and a great experience while giving returns to shareholders', he said

Vodafone Idea in talks with Amazon, PEs for Rs 20,000 cr investment

Vodafone Idea needs the money for capex and to bid for 5G auctions

Sebi exempts govt from making open offer to Vodafone Idea shareholders

In a nine-page order, Sebi said the acquisition of shareholding in VIL by the Government of India (GoI) is proposed with the sole intent of saving the larger public interest.

The 5G leapfrog to 6G: New technology needs a 'whole-of-govt' ecosystem

Digital changes are now a big deal in India, where a lot of the country's government-to-citizen services as well as a vast swathe of the payments business ride on technology platforms

Jio, Airtel in position to buy pan-India spectrum, VIL bid unclear: Report

Research analysts at BofA were of the view that Vodafone Idea (VIL)management has focused on top core circles and the company may selectively bid in their core 3G and 4G circles

Digital solution providers looking to enter India's 5G spectrum play

Tata Communications has said ISPs should be allowed to participate in the 5G auction as they were eligible to bid for BWA (4G) spectrum in the 2010 auction

Vodafone Idea to soon get Rs 20,000 crore in fresh funding, says CEO

Vodafone Idea is planning to raise Rs 20,000 crore, including Rs 10,000 crore in equity and remaining as fresh loans from banks

Telecom industry is at last seeing healthy improvement in key parameters

But more gains are crucial to telecom industry given investment plans and elevated debt levels

Top headlines: Sebi panel to study IPO books, Byju's sets US targets

Business Standard brings you the top headlines on Wednesday

Vodafone Idea soars 15% on heavy volumes in sharpest intra-day gain of 2022

The debt-ridden telecom operator expects the government to complete conversion of around Rs 16,100 crore dues into 33 per cent stake in the company in the coming weeks, reported news agency PTI.

Vodafone Idea records top download speed of 5.92 Gbps in Pune 5G trials

Vodafone Idea Ltd (VIL) and Ericsson on Friday announced achievement of a technology milestone during the ongoing 5G trials, by demonstrating a peak download speed of 5.92 gigabits per second.

Don't see inflation as challenge for tariff hike: Vi CEO Ravinder Takkar

Says subscriber churn post tariff hike last November not significant; effect of 20% hike has been absorbed in third and fourth quarter, helped Vi to register growth in revenue and ARPU

Vodafone Idea shares give up early profits; end 1% lower at close

Shares of telecom operator Vodafone Idea gave up early gains and settled 1 per cent lower amid profit-taking on Wednesday. In early trade, it had gained 4 per cent, a day after the company reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March 2022. The stock jumped 3.31 per cent to Rs 9.03 during the day on the BSE. However, later it gave up early gains and settled at Rs 8.65 apiece, down 1.03 per cent. On the NSE, it dipped 0.57 per cent to end at Rs 8.65 apiece. On Tuesday, Vodafone Idea reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March, compared to the same period of the previous year, while its realisation per user or ARPU improved sharply on a sequential basis aided by November tariff hikes. VIL's losses were at Rs 7,022.8 crore a year ago, as per a company filing. Its revenue from operations rose 6.6 per cent year-on-year to Rs 10,239.5 crore in the fourth quarter of FY22. Seen

Sensex ends 277pts lower, Nifty 73pts; L&T, Bajaj twins slip; banks rebound

In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.

Should you buy Voda Idea post Q4 results or wait? Here's what the chart say

The stock has declined more than 50 per cent from its 52-week high touched in December 2021; Charts indicate the best way to approach the stock is to stay on the sidelines for now.