Page 4 - Vodafone

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

HC refuses to interfere with Trai decision imposing penalty on Vodafone

The Delhi High Court has refused to interfere with TRAI's recommendation for imposing a penalty of Rs 1,050 crore on two Vodafone companies for allegedly denying inter-connectivity to Reliance Jio Infocomm Ltd (RJIL) under an Interconnection Agreement executed between them. The high court noted that the Telecom Regulatory Authority of India's (TRAI) October 21, 2016 recommendation, which has been challenged here is also under challenge before the Telecom Disputes Settlement and Appellate Tribunal (TDSAT), and tribunals are expert bodies constituted under statute to decide the disputes arising under that statute. A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad, in its May 24 judgment, said the TDSAT has been empowered to deal with all disputes arising under the TRAI Act. The Central government had passed an order on September 29, 2021 imposing a penalty on the petitioner companies for violation of the provisions of licence agreement and standards of ...

Vodafone to slash 11,000 jobs over next 3 yrs in new CEO's turnaround plan

Adjusted free cash flow, a closely watched metric, will drop by about 31% to €3.3 billion ($3.6 billion) in the fiscal year ending in March, following divestments

Vodafone appoints Della Valle as permanent CEO after rigorous search

The British company said it had conducted a rigorous internal and external search before choosing the insider, who has been chief financial officer since 2018

Vodafone's top backer e& discusses board changes and ups stake

he Abu Dhabi-based company, which is majority owned by the United Arab Emirates's sovereign wealth fund, now owns 14.6% of Vodafone, up from 14%

Vodafone Group, Three UK putting final touches on tie-up with Britain

Talks are ongoing and no final decisions on the structure of the merger or timing of any announcement have been made

Vodafone Germany, Tech Mahindra deepen partnership for enhanced service

Vodafone Germany's partnership with Tech Mahindra began in 2019 with focus on "transforming assisted sales experience"

Vodafone inks new deal with Google on RCS messaging, Pixel devices

The agreement will allow Vodafone customers to enjoy rich new messaging experiences by leveraging Google Jibe Cloud to power Vodafone's use of Rich Communications Services (RCS)

Vodafone Idea Q3 results: Net loss widens 10.5% to Rs 7,990 crore

The company lost 5.8 million subscribers sequentially and its user base stood at 228.6 million at the end of the second quarter

Liberty Global buys 4.3% stake in Vodafone betting on share revival

Liberty Global, which acquired 1.34 billion shares in Vodafone, said in a statement on Monday that it isn't considering an offer for the Newbury, England-based telecom group

Vodafone Idea in talks with banks to refinance Rs 3-4k crore loans

This is expected to free up some cash for Vodafone Idea which needs to pay urgently to Indus Towers, Nokia and Ericsson

Equity conversion as Vi's calling card may be near-term helpline

Fund infusion critical to sustaining operations of the firm over medium term, say analysts

Centre asks Vodafone Idea to convert govt dues into equity worth $2 billion

Troubled Indian mobile service provider Vodafone Idea Ltd said the govt ordered the company to convert into equity all the interest related to payments for spectrum and other dues owed to the govt

Vodafone sells British HQ and rents part instead amid downsizing

Iqon Capital agreed to buy the total of seven buildings known as "The Connection" on behalf of Aljazira Capital

Vodafone to hand over pink slips to 'several hundred' employees: Report

This comes after Vodafone's November announcement of cost-saving measures worth $1.08 billion by 2026, in the wake of a deteriorating market outlook

Vodafone's largest shareholder rules out bid after raising its stake

Abu Dhabi's Emirates Telecommunications Group Co., also known as Etisalat, said it now owns 11% of Vodafone, up from 10% earlier

Vodafone Idea's fundraising put on hold as govt delays equity call

The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion including hefty dues to the government