Page 7 - Vodafone Idea

Govt to raise stake in Vi to 49% with fresh acquisition worth Rs 37,000 cr

The government has agreed to raise stake in Vodafone Idea to 48.99 per cent with fresh acquisition of shares worth Rs 36,950 crore in lieu of outstanding spectrum auction dues, the company said in a regulatory filing on Sunday. The government is the single-largest shareholder in the debt-ridden Vodafone Idea with 22.6 per cent stake. "The Ministry of Communications... in line with the September 2021 Reforms and Support Package for Telecom Sector has decided to convert the outstanding spectrum auction dues, including deferred dues repayable after expiry of the moratorium period, into equity shares to be issued to the Government of India. The total amount to be converted into equity shares is Rs 36,950 crore," the filing said. Vodafone Idea (VIL) said it has been directed to issue 3,695 crore equity shares of the face value of Rs 10 each at an issue price of Rs 10 each within 30 days after issuance of necessary order from relevant authorities, including from Securities and Exchange ..

Mazagon, Paytm, IndusInd: These are top wealth creators, destroyers of FY25

After a period of being net buyers in the first half of the fiscal year, FIIs reversed their stance in the second half, unloading over ₹1.5 lakh crore worth of Indian equities

Vi partners with WB's export body to boost MSME digital transformation

Telecom major Vodafone Idea (Vi) on Tuesday said it has signed a memorandum of understanding (MoU) with the West Bengal State Export Promotion Society (WBSEPS) to accelerate digital transformation of micro, small and medium enterprises (MSMEs) in the state. The move comes as the West Bengal government aims to strengthen its MSME ecosystem, which employs over one crore people. The collaboration will leverage the digital assessment and advisory initiative of the telecom company and it has already evaluated over 1.9 lakh MSMEs nationwide since its launch in 2022, the statement said. Under the partnership, the telecom major will provide localised digital tools and training modules in Bengali, and host webinars to enhance tech adoption among West Bengal's MSMEs. "MSMEs contribute 30 per cent to India's GDP. This partnership will empower them with digital capabilities to scale operations and access global markets," Vi Business EVP & Segment Head Rajeev Mehta said. The West Bengal ...

Vodafone Idea's debt conversion may be the last resort for government

Centre not keen on upping stake, wants telco to raise investments on its own

In talks with satcom operators including Starlink, says Vodafone Idea

The announcement comes on the heels of Reliance Jio and Bharti Airtel signing pacts with the US giant to offer its satellite internet services in India

Vodafone Idea explores partnership with Musk's Starlink after Airtel, Jio

Vodafone Idea plans to deploy 75,000 5G sites in 17 regions over three years, upgrading 10,000 towers with 900 MHz spectrum and has added 11,000 new towers in the past nine months

Vodafone Idea share gains 5% on rolling out 5G services in Mumbai; details

The uptick in the Vodafone Idea share price came after the company launched its 5G services in Mumbai

Vi to launch 5G in Mumbai today, to expand by April-end: CTO Jagbir Singh

Keeping focus on 4G, telco has added 100K tech sites until Feb

Nokia to enhance Vi's IP backhaul network with advanced solutions

As part of this partnership, Nokia will supply its latest portfolio of IP/MPLS products, including the 7750 SR and 7250 IXR series, to modernise VIL's transport network

Vodafone Idea slips 6% on losing 1,715,975 wireless subscribers in Dec 2024

As per the Trai report, as of December 31, 2024, Vodafone Idea had wired and wireless 126.38 million subscribers

Vodafone Idea misses Rs 6,090 cr bank guarantee deadline for spectrum dues

Vodafone Idea failed to meet the March 10 deadline to clear its 2015 spectrum dues, risking government action, while also facing a Rs 16.73 crore GST demand notice from tax authorities

Vodafone Idea gets Rs 16.73 cr GST notice, plans to challenge decision

Telecom operator Vodafone Idea (VIL) on Friday said it has received a Rs 16.73 crore Goods and Services Tax (GST) demand order from Deputy Commissioner, Large Taxpayer Unit, West Bengal. The telco asserted it does not agree with the order and will take appropriate action for filing an appeal against the same. In a BSE filing on details of order received by the company under the Central Goods and Services Tax Act, 2017, Vodafone Idea informed that order was received on February 27, 2025. The order was "passed under Section 73 of Central Goods and Services Tax Act, 2017 read with West Bengal Goods and Services Tax Act, 2017 confirming penalty of Rs 16,73,33,489 along with demand and interest as applicable." It pertains to "alleged excess availment of Input Tax credit, short payment of tax, etc," the VIL filing said. "The maximum financial impact is to the extent of tax demand, interest and penalty levied," VIL noted.

Vodafone Idea dips 6% as SC dismisses plea against AGR miscalculation

The apex court rejected a series of review petitions filed by Bharti Airtel and Vodafone Idea challenging its 2021 verdict

Vodafone Idea, Bharti Airtel lose AGR dues case as SC dismisses pleas

The Supreme Court has dismissed telecom giants Vodafone Idea and Bharti Airtel's review petitions seeking corrections in adjusted gross revenue dues calculations, leaving them with no legal recourse

Vodafone Idea share price tumbles 8% after mixed Q3 results; details here

Vodafone Idea's consolidated net losses narrowed marginally to Rs 6,609.3 crore in Q3FY25, from a loss of Rs 6,985.9 crore in Q3FY24

Stocks to Watch, Feb 12, 2025: Vi, HAL, Godrej Ind, SAIL, Berger Paints

Stocks to Watch on February 12, 2025: Investors will keep a watch on Berger Paints, Vi, SAIL after their Q3 numbers. They will also eye other stocks such as NBCC, NTPC and others

Vi Q3 results: Net loss narrows to Rs 6,609 crore, Arpu rises to Rs 173

Telco planning commercial 5G launch in March, beginning with Mumbai

Vodafone Idea Q3 results: Net loss narrows marginally to Rs 6,609 crore

The company's consolidated loss after tax narrowed to Rs 6,609 crore ($762.20 million) in the quarter ended December 31, from Rs 6,986 crore a year earlier

Q3 results today: Lupin, Vodafone Idea, IRCTC to post earnings on Feb 11

Q3 FY25 company results, Feb 11: MOIL, Berger Paints, IIFL Securities, and Schneider Electric Infrastructure will be among 334 companies to release their performance report for the Oct-Dec quarter

BSNL introduces budget Voice and SMS-only plans; challenges Jio, Vi, Airtel

BSNL's existing voice and SMS-only recharge plan is cheaper than the latest plans rolled out by Jio, Vi, and Airtel. Here's a quick comparison between all