Page 6 - Vodafone

UAE telecoms group e& buys 9.8% stake in Vodafone for $4.4 billion

The move comes days after e& said it was looking to expand into new markets in Africa, Europe and Asia and in areas outside telecoms such as financial technology as its seeks to drive growth

Testing the tenacity of multinationals

Exiting from India is mostly part of the global strategy of the marquee firms to put their energies into more lucrative projects and deal with easier markets

Vi partners Apna, Enguru, Pariksha to enhance engagement with job aspirants

Vodafone Idea on Wednesday announced its partnership with Apna, Enguru and Pariksha to enhance engagement with users, specially the job aspirants, and reduce customer churn on the network

RIL, HDFC Bk drag Sensex 115pts, Nifty holds 17,450; indices up 19% in FY22

CLOSING BELL: Hindalco tumbled 5 per cent, followed by Divis Labs, Apollo Hospitals, RIL, Wipro, Eicher Motors, Dr Reddy's Labs, and Cipla

Jio, Vodafone lose subscribers, Airtel gains in Jan, shows Trai data

Mobile companies took a 20% tariff hike in prepaid plans towards November-end, which has resulted in consolidation of SIM cards

Airtel completes acquisition of 4.7% stake in Indus Towers from Vodafone

Bharti Airtel along with its wholly-owned subsidiary has acquired about 4.7 per cent stake in Indus Towers from Euro Pacific Securities, an affiliate of Vodafone Group, a stock exchange filing said on Tuesday. The shares were acquired at Rs 187.88 a piece, it said. "...We wish to submit that the company, along with its wholly-owned subsidiary, Nettle Infrastructure Investments Limited, has acquired 127,105,179 equity shares (about 4.7 per cent) of Indus Towers at Rs 187.88 per share from Euro Pacific Securities Ltd., an affiliate of Vodafone Group Plc," Airtel said in a BSE filing. Last week, Bharti Airtel had said it will acquire 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore. Indus Towers, formerly Bharti Infratel, provides passive telecom infrastructure. It owns, deploys and manages telecom towers and communication structures for various mobile phone service operators. The company's portfolio of over 1,84,748 telecom towers makes it one of the .

Vodafone plans to infuse up to Rs 3,375 cr into debt-ridden Vodafone Idea

Besides Vodafone, Aditya Birla Group plans to pump in up to Rs 1,125 crore, according to a regulatory filing on Friday

Sensex sinks 769 pts, Nifty below 16,250; Titan, Maruti fall 5%, IT stks up

CLOSING BELL: Sectorally, only the Nifty IT index eked out gain on the NSE, rising 0.14 per cent

Bharti Airtel to buy additional 4.7% stake in Indus Towers from Vodafone

Deal signed on condition that proceeds are used to clear Vi's dues

Bharti Airtel to acquire Vodafone's 4.7% stake in Indus Towers

Deal conditional upon Vodafone infusing fresh equity in Vodafone Idea and simultaneously remitted to Indus Towers to clear VIL's outstanding dues

Vodafone may sell 5% stake in Indus Towers to Bharti Airtel for 3,300 crore

Bharti Airtel's parent Bharti Enterprises is Indus' largest shareholder, according to Refinitiv data.

UK's Vodafone to sell partial stake in Indus; to infuse proceeds in Vi

Vodafone has launched an initial sale of 63.6 million Indus shares through an accelerated book building offering and said it was in talks with various parties regarding the sale of its remaining share

Top headlines: Amazon, Future asked to approach NCLAT; ED arrests Malik

Business Standard brings you the top headlines on Wednesday

Vodafone files application with govt for settlement of retro tax dispute

British telecom giant Vodafone on Friday said it has filed an application with Indian authorities for settlement of their retrospective tax dispute. Vodafone further said it has "always been confident" that no tax is due on the company. The government in August enacted a law to end all retrospective taxation imposed on indirect transfer of Indian assets. The rules under the law seek to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets and also refund the amount paid in these cases without any interest. Asked if the company has filed an application with the Indian government to settle the retrospective tax dispute, a Vodafone spokesperson said, "We can confirm we have filed an application". The spokesperson added, "We have always been confident that no tax liability arose in respect of our acquisition of the Indian business, and this was borne out by the decisions of the Supreme Court of India and the International Court o

Airtel adds 2.74 lakh users in Sept; Jio, VIL lose subscribers: Trai

The subscriber base of Airtel stood at 35.44 crore in September as against 35.41 crore users in August

Elon Musk's Starlink may use Vodafone spectrum to expand service in UK

Deal would expand its low-earth satellite broadband service; Vodafone seen close to striking a satellite frequency deal

Top headlines: PNB Housing drops stake sale plan; Air India reports losses

Air India's revenue from operations dropped at Rs 10,343 core in FY21 from Rs 27,711 crore year ago. More on that story in out top headlines.

Centre notifies rules to settle Vodafone retrospective tax case

Vodafone Plc is required to give a declaration to the Income-Tax Department, withdrawing all legal proceedings against the government over the levy of retrospective taxes

Govt notifies rules to settle Vodafone retrospective tax case

After the notification of the rules, Vodafone will have 45 days to approach the government for a settlement.

No fresh equity to be infused in cash-strapped Voda Idea: Vodafone

The telecom package is expected to reduce its cash flow for the next four years of the moratorium by around Rs 1.1 trillion