Page 2 - Vodafone

UK's Vodafone Group to sell remaining 3% stake in India's Indus Towers

Post this, Vodafone's stake in Indus Towers will fall below 1 per cent. Before this transaction Vodafone had 82.5 million shares or 3.1 per cent stake in Indus Towers

Airtel pushes DoT for non-discriminatory waiver in telecom sector reforms

Airtel has urged the Department of Telecommunications to ensure that the proposed waiver on spectrum bank guarantees applies uniformly across all telecom operators, regardless of financial health

Vodafone Idea in talks with DoT to ease bank guarantees for older spectrum

Vodafone Idea is in talks with the Department of Telecommunications to remove bank guarantee requirements for spectrum acquired before 2022, seeking relief amid ongoing regulatory pressures

Vodafone and Hutchison offer price pledge to answer UK's merger concerns

They said they were also prepared to commit to offer access to their joint network on pre-agreed terms to third-party operators with 2.5 million or fewer customers

BSNL adds 2.9 mn users after telecom rivals hiked tariffs in July

State-owned telecom company was the only one in industry not to raise tariff

Ms signs office AI deal with Vodafone, adds features to Excel, Outlook

Microsoft has been infusing its product line with AI technology from partner OpenAI and is touting the new features as a second wave of business-oriented Copilots, AI tools

SBI, Vodafone Idea and Indus stocks tank after Goldman Sachs 'sell' call

Airtel outperforms as the US-based brokerage reiterates 'buy'

VIL's capital-raise unlikely to plug market share erosion: Goldman Sachs

Vodafone Idea's recent capital-raise while incrementally positive, may not be adequate to stop the telco's market share erosion, according to a note by Goldman Sachs. The brokerage has, in fact, anticipated another 300 bps (basis point) share loss for the company over the next 3-4 years, citing the direct correlation between capital expenditure and revenue market share, and given its own expectation of peers spending at least 50 per cent higher capex versus Vodafone Idea. One basis point is equal to 1/100th of a per cent. "Vodafone Idea's recent capital raise, while incrementally positive, is unlikely to be adequate to stop the company's market share erosion in our view," it said. Additionally, it said, Vodafone Idea has large Adjusted Gross Revenue (AGR)/spectrum-related payments starting in FY26. "While the government has the option of converting some dues into equity, we estimate ARPUs would have to rise by Rs 200-270 (120-150 per cent under different scenarios) versus December

Supreme Court to hear curative pleas from telecom operators on AGR Dues

Supreme Court will consider curative petitions from Bharti Airtel and Vodafone Idea, among other telcos, in a closed session on Friday

Accenture gets CCI's nod to acquire stakes in Vodafone's arm VSOL

The Competition Commission of India on Wednesday cleared IT and consulting firm Accenture's acquisition of a stake in Vodafone Shared Operations. Vodafone Shared Operations Ltd (VSOL) is engaged in the provision of shared services to the Vodafone Group and its network of partner telecommunications companies. VSOL is a part of Vodafone Group Plc. "CCI approves the proposed combination involving the acquisition of shares of Vodafone Shared Operations by Accenture," the regulator said in a post on X. In November last year, Vodafone Group Plc announced a strategic partnership with Accenture to commercialise Vodafone's shared operations. Further, the Dublin-based IT firm also said that it will invest 150 million euros for a minority stake in the partnership. The new unit will utilise Accenture's world-class technology and transformation services, such as its digital solutions and platforms, and deep AI expertise. In another post on X, the competition watchdog also approved the acquisi

Vodafone Idea plans to clear Rs 1,500 cr debt to Nokia by December 2025

Vodafone Idea (Vi) recently issued 1,027 million equity shares to Nokia through a preferential issue, thereby settling around half of its debt to the network solutions provider

Vodafone, Virgin Media to continue network sharing amid competition woes

The $19 billion merger between Vodafone's UK operation and Hutchison's Three UK is the subject of a Competition and Markets Authority investigation

Morgan Stanley, Citi, Jefferies: Brokerages decode RJio, Airtel tariff hike

In the last two rounds of tariff hikes, Vodafone Idea (Vi) in December 2019 and Bharti (Dec 2021) took the lead, while R-Jio was the last one to raise tariffs

Bharti Airtel announces 10-21% hike in mobile tariffs from July 3

Bharti Airtel on Friday announced between 10-21 per cent hike in mobile tariffs, a day after larger rival Reliance Jio announced an increase in rates. Airtel, in a release, said that the revision in mobile tariffs will be effective from July 3. "We have ensured that there is a very modest price increase (less than 70 paise per day) on entry-level plans, in order to eliminate any burden on budget challenged consumers," the Sunil Mittal-led telecom firm said announcing the revision in mobile tariffs. Bharti Airtel said it has maintained that the mobile Average Revenue Per User (ARPU) needs to be upwards of Rs 300, to enable a financially healthy business model for telcos in India. "We believe that this level of ARPU will enable the substantial investments required in network technology and spectrum and offer a modest return on capital," the telco said. Among the unlimited voice plans, Airtel has raised tariffs in the ballpark range of about 11 per cent, and accordingly rates are rev

Rs 96,000 crore telecom 5G spectrum auction to start today: Check details

Reliance Jio, Bharti Airtel, and Vodafone Idea are likely to jointly invest Rs 12,500 crore in spectrum purchases, representing around 13% of the total Rs 96,320 crore worth of airwaves on offer

British telecom major Vodafone rings in Rs 28,500 crore bulk deal day

Sells 18% stake in Indus Towers for Rs 15,300 crore

Vodafone sells 18% stake in Indus Towers for Rs 15,300 cr; to pay bank dues

British telecom player Vodafone on Wednesday said it has sold an 18 per cent stake in Indus Towers for 1.7 billion euro (about Rs 15,300 crore). The company will use the major portion of the proceeds to pay 1.8 billion euro outstanding bank borrowings secured against Vodafone's assets in India. "Vodafone Group Plc...sold 484.7 million shares in Indus Towers Limited, representing 18 per cent of Indus' share capital through an accelerated book-build offering. "The placing raised Rs 153.0 billion (1.7 billion euro) in gross proceeds which will be used to substantially repay Vodafone's existing lenders in relation to the outstanding bank borrowings of 1.8 billion euro secured against Vodafone's Indian assets," Vodafone said in a note. Following the transaction, Vodafone now holds 82.5 million shares or 3.1 per cent in Indus Towers.

Vodafone to offload 10% in Indus Towers to raise up to Rs 9,000 crore

Vodafone Group Plc currently owns 21.5 per cent stake in Indus via various group entities. It will use the proceeds to repay its own debt

Debt repay call: Vodafone may sell $2.3 billion stake in Indus Towers

Vodafone owns 21.5% of mobile-tower operator Indus via various group entities. As of Friday's closing stock price in Mumbai, the investment is worth $2.3 billion

Vodafone Idea announces new prepaid plans with Netflix partnership

The Vi Rs 998 prepaid plan offers a validity of 70 days, alongside a daily 1.5GB limit, 100 daily SMS, and unlimited voice calling