UK telecom giant has invested over $16.4 billion in the country, but hardly made any returns for its UK shareholders
The regulator had initially given time till August 31 to VIL to respond, but later extended the deadline to September 4 following company's request
The fund raising will help the company to get its finances back on track as it takes several steps to cut operational costs
All that happened in the markets today
The telecom operator is working to identify potential investors in the US, the people said
The stock hit a 15-month high of Rs 13.45 on Friday, zooming 75 per cent from Rs 7.69, touched in the intra-day trade on September 1
Telecom analyst Mahesh Uppal believes another area that Reliance has yet to crack is getting premium, high ARPU customers, who are still with Bharti Airtel and Vodafone Idea, into its fold
The stock jumped 26.74 per cent to close at Rs 12.56 on the BSE. During the day, it zoomed 29.96 per cent to Rs 12.88 - its 52-week high
For Amazon, this deal could help strengthen its hold on the cloud computing space
Currently 17% of IT spend is allocated to cloud
According to media reports, US wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in Vodafone Idea
The fundraising is crucial for cash-strapped Vodafone Idea to pay government dues and invest in upgrading its network
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All that happened in the markets today
The company plans to raise capital in one or more tranches by way of a public issue, preferential allotment, private placement, including a qualified institutions placement, it said in a statement
The Board of Directors will meet to discuss and evaluate proposals for raising funds in one or more tranches through public issue, issue of equity shares or securities among other options
The company's board of directors is scheduled to meet on September 4, 2020 to consider and evaluate any and all proposals for raising of funds in one or more tranches
Increase in APRU can help Vodafone but rival Reliance Jio is in no mood for tariff hike yet
The Bench led by Justice Arun Misra observed that should telcos fail to pay up, it would lead to penalty, interest, and contempt of court
Telecom firms should charge more, improve service