Page 9 - Vodafone Idea

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

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