The stock jumped 3.31 per cent to Rs 9.03 on the BSE; At the NSE, it went up by 4 per cent to Rs 9.05 apiece
Vi registers 7.5% sequential growth in its ARPU at Rs 124 aided by tariff hike in November
The telco's revenue from operations rose 6.6% to Rs 10,240 crore in Q4FY22 from Rs 9,648 crore in the year-ago period
The BSE Midcap and Smallcap indices ended with heavy losses of over 2 per cent each. Debutant Rainbow Children's Medicare ended a steep discount of 17 per cent to its issue price.
From the industry's perspective, the average revenue per user (ARPU) per month has been dropping annually, though things have been different after telcos raised tariffs
The centre has been named InViCT (ICRIER and Vodafone Idea Centre for Telecom), which will drive research advisory and policy support efforts, according to a statement
CLOSING BELL: Ultratech Cement, RIL, Maruti Suzuki, Asian Paints, Bharti Airtel, and TCS were the top Sensex gainers
The BSE Telecom index is likely to gain up to 3.50 per cent, as the index firmly holds the support around the 100-DMA, shows chart.
Jio customer base erodes for third month on the trot though the firm makes gains in number of active users
The company has also introduced monthly plans for JioFiber postpaid customers and given an option to subscribers of low-value plans to pay Rs 100 for availing access to six entertainment apps
Reliance Jio retained its top position with the highest average data download speed among 4G service providers in March at 21.1 megabit per second, according to latest data published by TRAI
On Monday TRAI released recommendations to usher commercial 5G service by recommending 25-50% cut in reserve price for airwaves in various bands
CLOSING BELL: More than 20 of the 30 Sensex stocks and 30 of the 50 Nifty counters ended in the negative zone. These included HCL Tech, Infosys, L&T, Wipro, Asian Paints, HDFC, and HDFC Bank
This is in line with last year's telecom reforms package which reduced bank guarantee norms for licence fee and spectrum dues. Vi confirms development, but is silent on amount
According to brokerages, Bharti Airtel could report 8-13.5 per cent QoQ rise in its ARPU to Rs 176-185.
Vodafone Idea on Wednesday announced its partnership with Apna, Enguru and Pariksha to enhance engagement with users, specially the job aspirants, and reduce customer churn on the network
The board of directors of the company on March 31, 2022 had approved the allotment of 3,383 million equity shares at Rs 13.30 per scrip to three promoters group entities for about Rs 4,500 crore.
CLOSING BELL: Mixed global cues, rising bond yields globally, and an uptick in oil prices also dented the sentiment
Reliance will be eyed as it has received NCLT's approval for scheme of amalgamation of the company and Reliance Syngas.
The company earlier held 44.39 per cent stake in Vodafone Idea Limited (VIL)