Page 5 - Vodafone

Vodafone CEO Nick Read to step down from the post by end of month

The mobile group's chief financial officer Margherita Della Valle will take over as interim group chief executive, Vodafone said

Vi in talks with SBI for loan of Rs 15K-16K crore for capex needs: Report

The talks have reportedly been going on for over a month now and SBI is waiting to get clarity on the govt's potential shareholding in Vi

Vodafone sells stake in its $16 billion Vantage Towers AG to KKR, GIP

The KKR and GIP consortium will eventually own as much as 50% of the joint venture

Vodafone may have to raise tariffs to meet a Rs 6,400 cr shortfall by Sept

Goldman Sachs said Vi would need a sharp capital raise or a tariff increase to remain competitive. It is the only telco which has not yet given a timeline to launch its 5G services

Best of BS Opinion: Severe policy lapse, the stealth bull market, and more

Here is the best of Business Standard's opinion pieces for today

Call on hold

Vodafone Idea's debt conversion should not be delayed

Voda Idea expands retail presence with 300 new 'Vi shops' in rural markets

Vodafone Idea (VIL) on Sunday said it has rolled out 300 new-format 'Vi Shops' across multiple towns in Maharashtra, Tamil Nadu, Kerala, West Bengal and UP West, in line with its expansion blueprint to digitally connect the rural population. VIL plans to further strengthen its local presence and enhance engagement with mobile users by expanding its retail footprint to cover more rural markets in the coming months. "To ramp up its retail footprint at the sub district level, Vi has rolled out 300 new format 'Vi Shops' across multiple towns in Maharashtra, Tamil Nadu, Kerala, West Bengal and UP West," the company said in a statement. Customers in Indapur, Maharashtra; Hapur in Western UP; Basirhat in West Bengal; Usilampatti in Tamil Nadu; Payyoli in Kerala; and hundreds of other such towns will have access to quick, face-to-face service along with a range of differentiated products and offerings, it added. The Vi Shops concept for Tier 3 towns is intended to deliver a uniform experie

Vodafone Idea Q2 loss widens to Rs 7,595 crore on higher expenses

Gross revenue in the second quarter of FY23 increased by 12.8 per cent YoY to Rs 10,614 crore

Vodafone Idea enhances postpaid offering as it loses ground to Airtel

New Vi Max postpaid plan offers users more data and SMSes per month, apart from travel discounts, airport lounge access, and priority customer service; comes into effect on Wednesday

Vodafone Idea board to mull issuing convertible debentures to a vendor

Development comes on the heels of Indus Towers warning the financially stressed telecom company of disconnection of services over non-payment of dues

American Tower Corp weighs offer for stake in Vodafone Towers unit

American Tower Corp. is weighing entering the race for a stake in Vodafone Group Plc's €13 billion ($12.6 billion) wireless towers unit, people familiar with the matter said.

Vodafone in talks for UK merger with Hutchison's Three, shares rise

Merger would create new leader in British mobile market; Vodafone in talks about creating a 51%-49% joint venture; deal structured using debt, with no cash consideration

Reliance Jio, Voda step up hiring as 5G related job postings rise 65%

As India and other countries take firm steps to adopt 5G, the number of job postings by telcos related to 5G increased by 65 per cent last month, from 5,265 job postings in January to 8,667 in July

5G spectrum: What is Jio's strategy as it spends Rs 40k cr on 700 MHz band?

Whether Reliance Jio can change the rules of the 5G game, just as it did with 4G services, therefore, remains the key question still

Reliance Jio, Bharti Airtel, others gear up for mega 5G spectrum auction

The 5G auctions will be a financial boost for Prime Minister Narendra Modi's government, which is trying to tame inflation and rein in the fiscal deficit

Vodafone Idea shareholders approve Rs 436 cr equity allocation to Voda

Debt-ridden telecom operator Vodafone Idea's shareholders have approved equity allocation worth Rs 436.21 crore to its promoter entity, the Vodafone Group

Active mobile subscribers fall in April after five mths, 7.5 mn users lost

Airtel and Vodafone Idea down by 3.1 mn and 3.8 mn users respectively; Jio's base remains flat

Govt to auction 5G spectrum for 20 yrs; allows private captive networks

The government will auction a total of 72097.85 MHz of spectrum with a validity of 20 years by July-end, said an official statement

Top Headlines: Hurdles in recruitment plan, India Inc's capital expenditure

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Top headlines: Voda-Idea to raise funds, Sun Pharma Q4 loss, and more

From Sun Pharma posting loss in Q4 to Vodafone-Idea engaging in talks to raise funds, here are the top headlines on Tuesday morning