Page 6 - Vodafone Idea

Vi files fresh petition in SC, seeks ₹30K crore waiver on AGR dues

Telco seeks waiver of over ₹30,000 crore of Adjusted Gross Revenue (AGR) dues towards penalties and interest as Supreme Court hearing is expected on 19 May

Telcos set up joint monitoring centre with DoT amid rising hostilities

Jio, Airtel and Vodafone Idea activate 24x7 joint centre with DoT to ensure uninterrupted services, disaster preparedness and coordination with government agencies

Reliance Jio tops March subscriber growth with 2.17 million additions

Reliance Jio led March mobile subscriber growth with 2.17 million additions as Airtel's pace slowed and Vodafone Idea reported a steep rise in user exits

Vi amends shareholders' pact to ease governance for promoter groups

Vodafone Idea lowers qualifying threshold for promoters in shareholders' pact to retain governance rights after government stake rises to 48.9 per cent

Vodafone Idea to amend shareholders' pact to let promoters keep control

Debt-ridden Vodafone Idea on Friday said its board has approved an amendment in shareholders' agreement to enable promoters Aditya Birla Group and Vodafone Group to retain governance and management rights in the company notwithstanding the increased government's stake at 48.99 per cent. The company will convene an extraordinary general meeting on June 3 to seek shareholder's nod for the same, according to a regulatory filing. "The Board of Directors at its meeting held today i.e. on 2 May 2025 have inter-alia resolved to...amend certain clauses of the Shareholders' Agreement (to which the Company is a party) so as to modify, amongst others, the 'Qualifying Threshold' from 13 per cent to 10 per cent and, solely for this purpose, to disregard the equity shares originally issued to the Government of India," the filing said. Pursuant to the government increasing stake from 22.6 to 48.99 per cent in Vodafone Idea, the shareholding of the Aditya Birla group companies and the Vodafone grou

Nokia Solutions India sells nearly 1% stake in Vodafone Idea for Rs 786 cr

Nokia Solutions and Networks India on Friday divested nearly 1 per cent stake in debt-saddled telecom operator Vodafone Idea for Rs 786 crore through an open market transaction. According to the bulk deal data on the NSE, Nokia Solutions and Networks India sold 102.70 crore shares, amounting to a 0.95 per cent stake in Vodafone Idea. The shares were sold at an average price of Rs 7.65 apiece, taking the aggregate value to Rs 785.67 crore. Meanwhile, global investment firm Goldman Sachs picked up 59.86 crore shares or 0.55 per cent holding in Vodafone Idea. The shares were acquired at the same price. This took the deal value to Rs 457.96 crore. Details of other buyers of Vodafone Idea's shares could not be ascertained. On Friday, shares of Vodafone Idea fell 5.93 per cent to close at Rs 7.46 per piece on the NSE. In June last year, Vodafone Idea announced that it will allocate shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear their partial dues. Pursuan

Jio adds 1.76 mn subscribers in Feb, Vi losses shrink to 20K users: Trai

Vodafone Idea (Vi) continued to lose subscribers, albeit at a much slower rate

Vodafone Idea soars 12% on heavy volumes; here's why

After the conversion of the spectrum liabilities into equity, Vodafone Idea is expected to raise bank debt which will help it undertake capex to strengthen its 4G network and rollout the 5G network.

Vodafone Idea suffers outage in Delhi, Mumbai; services restored now

Vodafone Idea faced a major outage in Delhi, Mumbai, Pune and NCR in the early hours of April 18. Services have now been restored, the company said

Late entry into 5G services allowing cost efficiency: Vodafone Idea

In an investor presentation, the telco said it has been able to incorporate the latest tech as a result

Voda Idea debt at Rs 2.17 trn in Dec 2024 quarter, govt stake up at 48.99%

According to the company's investor presentation, the debt of Rs 2.17 trillion comprises Rs 2,14,700 crore payment obligations towards the government

Debt conversion plan: Vodafone Idea issues Rs 36,950 cr in equity to DIPAM

Vodafone Idea has issued and allotted 3,695 crore equity shares aggregating to Rs 36,950 crore to the Department of Investment and Public Asset Management (DIPAM), following the government's recent decision to convert the debt-laden telco's spectrum auction dues into equity. After the allotment, the shareholding of the government in the telco stands at 48.99 per cent in the expanded paid up capital base of the company. In a regulatory filing Vodafone Idea Ltd said the capital raising committee of Board of Directors of the company at its meeting on April 8, 2025, issued and allotted 3,695 crore equity shares of face value of Rs 10 each at an issue price of Rs 10 per equity share aggregating to Rs 36,950 crore to the Department of Investment and Public Asset Management, Government of India (acting through President of India). This follows the centre's decision to convert outstanding spectrum auction dues, including deferred dues repayable after the expiry of the moratorium period into

Sebi grants exemption to govt from open offer in beleaguered Voda Idea

Following the decision to convert spectrum dues into equity stake in the company, the shareholding of the government will surge to 48.99 per cent in Vi

Vodafone Idea soars 19% on Govt aid; stock a 'high risk' play, say analysts

Vodafone Idea news: Vodafone Idea will issue 36.95 billion equity shares, as part of the debt conversion process, which will increase the Government's stake in Vi to 49 per cent

Time for Vodafone Idea to act: Management must aim to raise capital

Over the weekend, the government converted the telco's dues into equity shares at a premium, perhaps to keep its stake below 50 per cent and avoid turning Vi into a PSU

SC slams UP govt, Yeshu-Yeshu pastor sentenced, Vodafone Idea shares soar & more

The Supreme Court today slammed the Uttar Pradesh government and Prayagraj development body for the ‘inhuman and illegal’ demolition of houses, calling it a ‘shock’ to its conscience.

Stocks to Watch, Apr 1, 2025: HAL, auto stocks, ABREL, ITC, IndiGo, Gail

Stocks to Watch on April 1, 2025: From Aditya Birla Real Estate to IndiGo, here are few stocks that will be in focus today

Nokia to upgrade VI's optical network to boost 4G services, back 5G rollout

Telecom gear maker Nokia will upgrade and expand Vodafone Idea optical transport network across key metro and circle locations in India, the company said on Monday. Nokia is among three vendors selected by Vodafone Idea for the Rs 30,000 crore network expansion plan. "Nokia's innovative optical solutions align perfectly with our goal to enhance customer experience and ensure robust network readiness for future demands. "With Nokia's advanced optical network solutions, we are excited to build an agile, high-capacity and future-ready network that will support India's digital transformation and drive innovation across sectors," Vodafone Idea chief technology officer Jagbir Singh said in a statement. This upgrade is expected to increase Vodafone Idea's capacity, which will support 4G data growth in the network of telecom operators. In addition, Nokia's equipment will modernise the network, providing flexibility and efficiency, and boost VIL's 5G rollout, the statement said. "We are p

'Timely support, will offer relief': Citi on VIL dues to equity conversion

The government's decision to convert Rs 36,950 crore dues of Vodafone Idea (VIL) into equity is a "major" and "timely" display of support that will offer significant cash flow relief to the telco in the next three years and help it complete long-delayed bank debt raise, Citi said on Monday. The move also lifts concerns on tower companies like Indus Towers. "Overall, we view this as a major display of support by the government in a very timely manner, which should provide significant cash flow relief to VIL in the next 3 years and help it complete its bank debt raise," the brokerage said in its latest report. Throwing a lifeline to the troubled telecom operator, the government has decided to convert Rs 36,950 crore of VIL's outstanding spectrum auction dues into equity, under the provisions of the September 2021 telecom reforms package. The government shareholding in VIL will correspondingly increase to 48.99 per cent from 22.6 per cent. VIL promoters will, however, continue to have

Govt to convert Rs 37K cr Voda Idea dues into equity, raise stake to 49%

Promoters will continue to retain operational control of firm