Page 2 - Vodafone

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

June spectrum auction: Jio likely to spend Rs 12,000 cr, Airtel Rs 8,000 cr

Jio is expected to take the lead in the auction once again, with plans to bolster its spectrum portfolio, particularly in the 800 MHz band across certain circles

Voda Idea Q4 results: Net loss widens to Rs 7,674 cr, Arpu at Rs 146

The telco's finance cost increased to Rs 6,280.3 crore in Q4, shooting up by 25.5 per cent from Rs 6,284 crore in the same quarter of the previous year

Q4 FY24 results: M&M, GAIL, Vodafone among 94 firms to post earnings today

Q4 FY24 company results: Info Edge, Biocon, JK Paper, Solar Industries, Infibeam Avenues, and many more companies will post their fourth-quarter earnings on May 16

Vodafone reports slight rise in net profit helped by gains in UK, Germany

On Tuesday it said it expected core earnings this year to be broadly flat at around 11 billion euros, while free cash flow would be at least 2.4 bn euros, slightly ahead of current market forecasts

Vi steps up talks with Nokia, Ericsson to accelerate 4G network enhancement

Vodafone Idea intends to allocate Rs 13,000 crore for capital expenditures, with over half of it earmarked for expanding its 4G infrastructure

Telecom operators group asks govt to ban sale of unlicenced WiFi 6E routers

Cellular Operators Association of India says routers are available for sale on e-commerce platforms and through offline retailer

Airtel says not in talks to buy Vodafone UK's stake in Indus Towers

"The company has no desire to raise its stake beyond what is required for financial consolidation of Indus in the company,' Airtel said in an exchange filing

Vodafone Idea FPO picks momentum as institutional investors pour money

Debt-saddled telecom operator Vodafone Idea Ltd's Rs 18,000 crore follow-on offering (FPO) on Friday picked up momentum with close to half of the issue being subscribed, largely by institutional investors. Over Rs 12,000 crore, including Rs 5,400 crore from anchor investors, has been raised by the end of day 2 of the FPO, according to stock market information. Of the 1,260 crore shares on offer, 617.46 crore shares were subscribed on Friday, according to information on the BSE. Qualified institutional buyers picked up 93 per cent of their 360 crore shares reserved for them while non-institutional investors sought 75 per cent out of 270 crore shares earmarked for them. Response from retail investors, who have been offered the biggest chunk, was muted with just 13 per cent of 630 crore shares being picked up. Shares are being offered in a price band of Rs 10-11 apiece, lower than Rs 12.92 closing price of the share on the BSE on Friday. Vodafone Idea shares lost 2.12 per cent in tra

Should you subscribe to Vodafone Idea FPO? Analysts weigh in

Analysts say while the fundraising could strengthen Vodafone Idea's infrastructure, the company faces challenges on the financial front

Analyst view: Should you subscribe to Vodafone Idea FPO?

GQG looking to invest around $400 million in ailing Vodafone-Idea

The $2.2 billion share sale, which will start on April 18 and close April 22, has a floor price of 10 rupees (12 cents) per share and a ceiling price of 11 rupees

Vodafone Idea earmarks Rs 5,720 crore to roll out 5G wireless network

Plans to use Rs 18K cr FPO's proceeds to upgrade infra, clear deferred payments; govt holding will dilute to 24% from 32% currently

Vodafone Idea receives shareholders' approval for Rs 20,000 cr fundraising

Proposed financing may go towards Vodafone Idea's long-awaited 5G rollout and fortifying its 4G services

Vodafone exits Italy, sells operations to Swisscom for $8.7 billion

Swiss government-controlled Swisscom said the Vodafone Italia deal will be debt-financed and paid in cash

Swisscom confirms talks to buy Vodafone's Italian unit for 8 bn euros

Telecoms operator Swisscom confirmed on Wednesday it's in talks with Vodafone Group toward a possible purchase of its Italian subsidiary for 8 billion euros (USD 8.65 billion). The Swiss company, which is majority owned by the Swiss government, said in a statement it's in advanced exclusive negotiations to buy all of Vodafone Italia and merge it with Swisscom's Italian subsidiary, Fastweb. Swisscom says it expects the purchase, if concluded, would add value and cash flow to the Swiss company and help improve its dividend policy. The Swiss telecoms operator says the deal would bring lower costs and pave the way for synergies, and comply with aims of the Swiss executive branch, the Federal Council.