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Vodafone India
The loss-making private telecom firm Vodafone Idea has rolled out annual recharge plans for mobile phones, offering users unlimited data from midnight till noon, in an attempt to catch up with competition. The company in a statement shared that it has rolled out pre-paid plans priced at Rs 3,599, Rs 3,699 and Rs 3,799 that will offer unlimited data usage from 12 AM till 12 PM every day throughout the year and it will be in addition to the daily data usage limit at high speed. "Vi's annual recharge plans offer half day unlimited data from 12 AM to 12 PM in addition to a 2GB daily data quota for the remaining 12 hours of the day. Not just that, Vi SuperHero packs also offer weekend data rollover, which allows users to carry forward unused weekday data and use it during the weekend," Vi said. The new recharge plans, Vi SuperHero prepaid packs, are currently available in Maharashtra, Delhi, Gujarat, Tamil Nadu, Kerala, West Bengal, Punjab and Haryana. Vi's rival Jio and Bharti Airtel h
The telecom department has waived the requirement of bank guarantee to be submitted for spectrum auctions held prior to the reform package, telecom operator Vodafone Idea said on Saturday, adding that the latest "relief" will boost 4G and 5G investments in India. Prior to this reform, bank guarantees aggregating to about Rs 24,800 crore were required to be provided by VIL against each spectrum instalment, 13 months prior to the instalment falling due for the above auctions, the company said in a BSE filing. "As per our understanding of the terms and conditions, out of all the 5 auctions mentioned above, no BGs (bank guarantee) will be required to be provided by VIL for the 2012, 2014, 2016 and 2021 auctions," the telco said. There would, however, be a one-time partial shortfall, only for the 2015 auction, where the net present value or NPV of all payments made would be less than the pro-rated value of spectrum used, VIL said and informed that it is "in discussion with the DoT to ...
UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing. Vodafone Group had pledged almost the entire stake in VIL to raise the debt. The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group. "On 27 December 2024, HSBC Corporate Trustee Company (UK) Limited acting as the security trustee for the lenders has released the pledges pursuant to repayment of the outstanding dues owed to the lenders by the Vodafone Promoter Shareholders. "Consequently, the indirect encumbrance on 15,720,826,860 equity shares of the target company held by the Vodafone Promoter Shareholders representing 22.56 per cent of the equity share capital of the target company on a fully diluted basis has been released," the filing said. "Consequently, the indirect encumbrance on 15,720,826,860 equity shares o
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
Mobile tower company ATC Telecom Infrastructure has converted Rs 160 crore worth of optionally convertible debentures, issued by Vodafone Idea in lieu of payments, into equity, a regulatory filing said on Thursday. Debt-ridden telecom operator Vodafone Idea (VIL) had issued optionally convertible debentures (OCDs) worth Rs 1,600 crore to ATC, as it failed to pay for rentals of mobile towers. ATC has already converted OCDs worth Rs 1,440 crore into equity in March. "We wish to inform you that pursuant to the terms of OCDs, the Company has received Conversion Notice in respect of outstanding 1,600 OCDs from current OCD holders (ATC) for conversion into 16,00,00,000 fully paid up equity shares of face value of Rs 10 each at conversion price of Rs 10 per equity share," VIL said in the filing. Last month, VIL allocated shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear partial dues. The total debt of the company stood around Rs 2,07,630 crore as of March 31,