Page 2 - Vodafone Idea

Vi planning phased 5G rollout with new tariff plans this year: CEO

Telco expects thousands of new sites by March under partnership with global vendors

Vodafone Idea planning phased 5G rollout with new tariff plans: CEO Moondra

Vodafone Idea announces plans for phased 5G rollout in 75 cities, offering tariffs reportedly 15% lower than market rates to boost customer acquisition

Stocks to Watch, Jan 7, 2025: Coal India, Mobikwik, Nuvoco Vistas, Airtel

Stocks to Watch, Jan 7, 2025: From Mobikwik to Nuvoco Vistas, here are few stock that will remain in focus today

Airtel, Vi sell entire stake in Wi-Fi JV Firefly to iBus for Rs 9 crore

Telecom operators Bharti Airtel and Vodafone Idea have sold their entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure for Rs 9 crore, the telcos said in separate regulatory filings on Monday. FireFly Networks Limited is a 50-50 joint venture between Vodafone Idea and Bharti Airtel Limited. "Bharti Airtel Limited has entered into a Share Purchase Agreement with iBus Network and Infrastructure Private Limited for transfer of Company's entire stake (50 per cent) in Firefly Networks Limited," Airtel said in a filing. The deal is expected to close within 30 business days from the date of execution of the agreement between the firms. "The Company will receive Rs 45 million for the sale of its entire stake (50 per cent) held in Firefly," Vodafone Idea said in a separate filing. Firefly manages and monetises Wi-Fi hotspots by providing the best Wi-Fi infrastructure to partners like educational institutes, hospitals, malls, cafes, public hangout

Vodafone Idea shares jump 7% after relief on spectrum bank guarantees

Shares of Vodafone Idea surged 7 per cent at Rs 8 a piece on the BSE in Monday's intraday trade

Vodafone Group clears about Rs 11,650 cr dues raised against VIL shares

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

Nifty 500 index year-end review: Top wealth creators and destroyers of 2024

Among the standout performers, GE Vernova T&D India surged a staggering 318.2 percent, closing at Rs 2,104.9 on December 24. KFin Technologies also made a giant leap, climbing 206 per cent to Rs 1,477

Jio loses 3.76 mn wireless subscribers in Oct but tops up on 'active' users

India's largest telecom operator Reliance Jio lost 37.6 lakh wireless subscribers in October but spruced up its active mobile subscriber base by adding 38.47 lakh users, as per monthly data released by telecom regulator Trai on Monday. Overall, Bharti Airtel added 19.28 lakh users to its wireless coffers during the month and its active subscriber gains were about 27.23 lakh for October. Vodafone Idea lost 19.77 lakh wireless subscribers and its active subscriber base fell nearly 7.23 lakh users. Overall, so far as headline numbers are concerned, Reliance Jio's total wireless tally slipped to 46 crore in October down from about 46.37 crore in September, although its active user base (a key monitorable for telcos) strengthened. The total wireless user base of Vodafone Idea fell to 21.04 crore in October from 21.24 crore in the previous month. In all, the total number of active wireless subscribers in the month under review was 1,066.67 million (106.6 crore), as per Trai's sectoral .

Stocks to Watch on Dec 10: Vi, Metropolis, MapmyIndia, TaMo, LIC, PFC

Stocks to Watch on Dec 10: From Vodafone Idea (Vi) to Tata Motors, here is a list of stocks that will remain in limelight today

Vi board approves plan to raise Rs 1,980 crore from promoter units

Omega Telecom Holdings and Usha Martin Telematics to hold nearly 3 per cent of Vi after issue

Debt-ridden Vodafone Idea to raise Rs 1,980 crore through share issue

Vodafone Idea said it will issue shares to Vodafone Group entities Omega Telecom Holdings and Usha Martin Telematics worth up to Rs 1,280 crore and Rs 700 crore, respectively

Stocks to Watch, Dec 6: Vi, Canara Bank, rate sensitives, Nykaa, RITES

Stocks to Watch, Dec 6: From rate sensitives to Vodafone Idea (Vi) here is a list of stocks to remain in focus today

Debt-ridden Vodafone Idea to raise Rs 2,000 cr from Vodafone Group

Debt-ridden telecom firm Vodafone Idea on Thursday said its board will consider a proposal to raise Rs 2,000 crore from entities belonging to promoter Vodafone Group. The development follows Vodafone Group's announcement to sell a 3 per cent stake in Indus Towers to clear its debt of USD 101 million or about Rs 856 crore and use the residual amount to pay outstanding dues of its Indian venture Vodafone Idea. " a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group," the company said in a filing. British telecom firm Vodafone's 3 per cent stake in Indus Towers is valued at around Rs 2,800 crore. The company had announced that after settling the debt, it intends to contribute the residual proceeds from the placi

Stocks to Watch, Dec 3: Cipla, Axis Bank, Swiggy, TaMo, Adani Ports, SBI

Stocks to Watch, Dec 3: From Adani Group to Cipla here are few stocks that will be eyed today

Vodafone Idea becomes latest telco to launch AI-based spam detection filter

Vi is continuously working to develop solutions to curb spam, including voice calls, to ensure its users are further protected from unsolicited calls

Up 30% from lows; is Vodafone Idea share price headed towards Rs 10-mark?

Technical charts suggest that Vodafone Idea stock can potentially rally to Rs 10.90 on the upside, provided the stock sustains above this resistance zone.

Bank guarantee waiver for telecom operators comes with conditions

Additional 3 months' instalment along with annual payments to be paid

Cabinet waives bank guarantee for spectrum purchased in past auctions

The Union Cabinet has waived the requirement to submit bank guarantees for spectrum purchased through auctions held before 2022, according to sources. The move brings huge relief to debt-ridden Vodafone Idea as it already crossed the timeline to submit Rs 24,746.9 crore bank guarantee for spectrum payment coming up between October 2025 and September 2026. The decision will also provide relief to Bharti Airtel and Reliance Jio who have bought radiowaves through various auctions that were held before 2022. "Cabinet has waived the requirement of bank guarantees as per the relief sought by telcos," a source said. As part of telecom reforms announced in September 2021, the government has already waived the requirement of depositing bank guarantees for spectrum purchased through auctions. Vodafone Idea CEO Akshaya Moondra in the company's earning call had said the bank guarantees will impact the company's ability to seek debt facilities from the banks which the firm requires for investm

Telecom stocks gain as govt waives bank guarantee; Vodafone Idea surges 16%

Vodafone Idea is expected to be one of the key beneficiaries as the company was required to submit a total of Rs 24,700 crore in BGs, ICICI Securities said in a note.

Jio, Airtel, Vi lose over 10 mn mobile subscribers in Sep; BSNL adds users

Private telcos Reliance Jio, Bharti Airtel and Vodafone Idea cumulatively lost over one crore wireless subscribers in September, even as state-owned BSNL surprised with net adds of almost 8.5 lakh mobile users, as per monthly data released by TRAI. Reliance Jio lost 79.69 lakh mobile subscribers in September compared to the previous month, Bharti Airtel (14.34 lakh users), and Vodafone Idea (15.53 lakh users). Bharat Sanchar Nigam Ltd (BSNL) added 8.49 lakh users to its wireless subscriber tally. The wireless subscriber base of Reliance Jio stood at 46.37 crore in September, while that of Bharti Airtel was 38.34 crore. The wireless user base of Vodafone Idea was 21.24 crore as of September 2024. BSNL's gains in September pushed its subscriber tally to 9.18 crore. It is pertinent to mention that the three private telcos had hiked mobile tariffs by 10-27 per cent in July. BSNL, however, refrained from following the footsteps of its larger rivals, and its Chairman and Managing Direc