Page 4 - Vodafone

UK antitrust regulator begins investigation of Vodafone-Hutchison merger

The tie-up announced last year will reduce the number of mobile networks in Britain from four to three

Tata Communications subsidiary issues termination notice to Vodafone Idea

In a notice to the stock exchange, the company said the carrying amount of trade receivables (including unbilled revenue) from the customer was Rs 221.19 crores as on December 2023

Vodafone Idea imposed Rs 13.16 cr penalty by addl commissioner in GST case

GST additional commissioner's office in Chandigarh has imposed a Rs 13.16 crore penalty on Vodafone Idea, the company said in a regulatory filing on Thursday. According to the filing, the order was passed on January 10 against the debt-ridden telecom firm for alleged "wrongful transition of CENVAT credit to Goods and Services Tax (GST) regime". "Order passed u/s 74 of Central Goods and Services Tax Act, 2017, inter-alia, levying a penalty of Rs 13,16,53,661," Vodafone Idea (VIL) said in the filing. The company said the maximum financial impact is to the extent of the tax demand, interest and penalty levied. "The Company does not agree with the Order and will take appropriate legal action(s) for rectification/ reversal of the same," VIL said. The order was issued by the Office of the Additional Commissioner, Central Goods & Service Tax in Chandigarh.

Competition Commission clears Emirates Telecom Group-Vodafone deal

Fair trade regulator Competition Commission of India (CCI) on Wednesday cleared Atlas 2022 Holdings' additional stake acquisition in Vodafone Group Plc. Atlas 2022 Holdings is a wholly-owned subsidiary of Abu Dhabi-based Emirates Telecommunications Group Company PJSC (formerly known as Etisalat Group). The combination relates to Atlas 2022 Holdings Ltd's proposal to increase its voting rights/shareholding in Vodafone from 14.6 per cent to less than 25 per cent in Vodafone Group Plc. "CCI approves the proposed acquisition by Atlas 2022 Holdings Limited to increase its shareholding in Vodafone from 14.6% to less than 25% in Vodafone Group Plc," according to a post by the competition watchdog on social media platform X on Wednesday. Vodafone is a British telecommunications operator which provides mobile and fixed-line connectivity services, to customers predominantly across Europe, Africa and Asia. In another deal, CCI also approved the stake acquisition by Abu Dhabi Ports Company in

Vodafone mulls options for challenging Italian market amid growth elsewhere

Della Valle said she had flagged three markets that would benefit from consolidation in May, and action had been taken in two of them

HC orders tax refund of Rs 1,128 cr to Vodafone Idea; pulls up I-T dept

The Bombay High Court has directed the Income Tax department to refund Rs 1,128 crore to Vodafone Idea Limited paid by the telecom operator in taxes for the assessment year 2016-2017. The assessment order passed by the department in August this year was time barred and hence cannot be sustained," the HC noted in its judgement on Wednesday. A division bench of Justices K R Shriram and Neela Gokhale also took a strong view against the assessing officer for showing laxity and lethargy in not passing the final order within the mandated 30-day time and thus causing a huge loss to the exchequer and public. The court passed its judgment on a petition filed by the Vodafone Idea Limited claiming the I-T department failed to refund the amount paid by it for the assessment year 2016-2017 which, it said, was in excess of the legitimate tax due on its income. The bench in its order noted the case of Vodafone was quite elementary and that it was constrained to observe the complete apathy and ...

Vodafone to sell Spanish arm to Zegona Communications for $5.3 billion

London-listed Zegona, chaired and managed by telecoms executive Eamonn O'Hare, has previously bought and sold assets in Spain, including regional operator Euskatel

Vodafone to sell Spanish arm to Zegona Communications for $5.3 billion

London-listed Zegona, chaired and managed by telecoms executive Eamonn O'Hare, has previously bought and sold assets in Spain, including regional operator Euskatel

Vodafone nears stake sale in $5.3 bn Spanish unit to Zegona: Report

While discussions are at an advanced stage, they could still be delayed or even falter, according to the people

Airtel doubles its ARPU to Rs 200; what does that mean for Jio, Vodafone

Airtel's ARPU has grown 9.28 per cent from ₹183 in the first quarter of the previous financial year, much sharper than the 2.8 per cent in Jio's case

Reliance, Vodafone, Airtel may increase their headcount by 25% in FY24

Reliance Jio's total headcount at FY23 end was 95,326; Airtel's headcount was 64,407; and Vodafone Idea's was 15,604

Vodafone Idea Q1 net loss widens to Rs 7,840 cr, revenue up by 2.3%

Debt-ridden telecom operator Vodafone Idea on Monday said its consolidated net loss widened to Rs 7,840 crore in the first quarter ended June 30. The company had posted a net loss of Rs 7,295.7 crore in the same period a year ago. The consolidated revenue from operations during the reported quarter increased marginally by 2.3 per cent to Rs 10,655.5 crore from Rs 10,406.8 crore in June 2022 quarter. VIL's average revenue per user (ARPU) of the company during the June quarter increased to Rs 139 from Rs 128 a year ago.

Vodafone enters exclusive national roaming partnership with Germany's 1&1

Vodafone's new Chief Executive Margherita Della Valle is leading a turnaround of the group, and as part of that is seeking to improve performance in its largest market, Germany

Airtel becomes first ICT provider to link over 20 million IoT devices

Airtel's aggressive push in IoT has come at a time when rival Vodafone Idea (Vi) has doubled down the segment

Sensex soars 274 pts, Nifty near 19,400 as Bajaj Fin leaps 7%, Hero Moto 5%

Closing Bell on July 4, 2023: The rally was led by Bajaj Finance, Bajaj Finserv, Hero Moto, Tech M, TCS, Wipro, Sun Pharma, Kotak Bank, Infosys, Cipla, HCL Tech, SBI, HDFC twins, and ICICI Bank

Stocks to Watch: Lupin, Vi, Tech M, Bharti Airtel, Aditya Birla Capital

Stocks to Watch on June 27, 2023: Lupin: As per reports, Lupin is considering a restructuring move to unlock value by demerging its API (active pharmaceutical ingredients) business

VIL needs promoters, govt to work in tandem to attract new investors

The struggling telecom service provider urgently needs the promoters and the government to work in tandem to attract new investors

Vodafone, CK Hutchison's $19-billion merger to create UK's largest telco

Vodafone, UK's third-biggest operator, will have an option to buy-out the Hong Kong-based conglomerate three years after completion, if it agrees

Vodafone, Three to merge UK telecom operations to capitalize on 5G rollout

Two of the UK's biggest mobile phone operators agreed Wednesday to merge their businesses to capitalise on the rollout of next-generation 5G wireless technology in the country. The tie-up of Vodafone UK and Three, which is owned by Hong Kong's CK Hutchison, will create Britain's biggest mobile phone player, with a market value of around 15 billion pounds (USD 18.75 billion). Vodafone will account for 51 per cent of the merged firm, with CK Hutchison owning the rest. The groups said the merger will help them compete with their rivals on 5G technology. Vodafone CEO Margherita Della Valle described the deal as a game-changer for the company's home market. It's transformative as it will create a best-in-class indeed best-in-Europe 5G network, offering customers a superior experience," she said. The companies said they are aiming to complete the deal by the end of 2024.

State-owned BSNL behind private telecom firms in rural, urban markets

In March 2020, BSNL had a rural market share of over 7% with a subscriber base of 37 million; Jio and Airtel had a market share of nearly 34% each during the same period