Vodafone Idea RCom

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Vodafone plans to repay part of its $42.17 billion net debt using proceeds from the Indus Towers stake sale

The telco expects to increase its ARPU by continuously upgrading subscribers from 2G to 4G

India deserves three private telecom companies, says chairman of Aditya Birla Group

Aditya Birla Group chairman Kumar Mangalam Birla on Thursday said the Rs 18,000-crore fundraise by Vodafone Idea is a "fresh lease of life" for the company and asserted that the telco will stage a smart comeback. The company, which has been struggling to hold on to subscribers amid aggressive play by bigger rivals Reliance Jio and Bharti Airtel, will focus on increasing its network, densifying it and also selectively introduce 5G services, Birla told reporters at the listing ceremony of Vodafone Idea's follow-on public offer. Calling it as the beginning of 'Vi 2.0', Birla said the money raised will be invested in the business, which will trigger a cycle of growth. "Vi will stage a smart comeback, this moment marks the beginning of Vi 2.0," Birla said at the listing ceremony. When asked if most of the problems for the company get sorted with the capital raise, Birla answered in the affirmative. "And this is like a sort of fresh lease of life for the company," he said. He credited

Firm's FPO saw nearly seven times more demand than shares on offer

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Vodafone Idea will need more capital infusion

The decision to convert principal dues into equity, according to sources, cannot be done automatically

Specialty chemicals company Kronox Lab Sciences has received Sebi's go-ahead to raise funds through an initial public offering (IPO), an update with the capital markets regulator showed on Thursday

Ahead of its Rs 18,000 crore further public offer (FPO), Vodafone Idea on Monday said it expects to roll out 5G services in select pockets in 6-9 months of the issue. Its Chief Executive Akshaya Moondra said rollout of the 5G services is one of the objectives of raising the capital from the public and once the funding comes, it will start work on the rollout. The 5G rollout will cover 40 per cent of the company's overall revenue base in the next 24-30 months, Moondra said, without sharing a specific target on when the rollout will happen. A sum of Rs 5,720 crore has been allocated for the rollout, he said, adding that testing and vendor conversations have already begun. However, he did not specify the locations where the rollout will happen. It can be noted that both its rivals Bharti Airtel and Reliance Jio -- to whom it has ceded market share -- have been active on 5G for some months now. Moondra said the company has not been able to roll out 5G services because of lack of ...

The telco is looking to raise up to Rs 45,000 crore through equity & debt

The telcos already have ample spectrum with them. With little scope for 5G monetisation, telecom companies do not see the need to spend towards acquiring more spectrum

The original draft of the Bill contained a framework to waive the license fees for financially troubled companies. Had these provisions made it to the final bill, things would have been easier for VI

Telcos sought additional time for implementation of new rules as it required change in their IT systems. Considering the request, the government has given a one-time extension

The mobile Arpu for Airtel stood at Rs 200 at the end of the first quarter of FY24. On the other hand, Airtels's Arpu for home services stood at Rs 608

Vodafone Idea has found it difficult to raise funds in the past two years which has hurt its ability to expand its 4G network and begin the 5G rollout

The govt is of the view that the troubled VI should be given adequate time to raise funds, especially now that potential investors are comfortable knowing that the govt is also taking equity in VI

Speaking on the current telecom market in the country, VI's chairman Ravinder Takkar said that telecom tariffs remain unsustainable and need to rise significantly for business to thrive

Currently, Reliance Jio and Bharti Airtel command more than 80% of the country's mobile network business. Jio has a market share of 48%, whereas, Airtel has 35% of it