DoT waives Vodafone Idea's bank guarantee for spectrum auctions from 2012 to 2021
Dec 29, 2024, at 09:34 pm
Mumbai: Chash-strapped telecom company Vodafone Idea has received a waiver of bank guarantee requirements for spectrum auctions conducted in 2012, 2014, 2016, and 2021 from Department of Telecommunication (DoT), the company informed stock exchanges on Saturday.
Vodafone Idea to consider Rs 2,000 crore equity raise on December 9, eyes tariff adjustments
Dec 06, 2024, at 10:08 pm
Mumbai: Vodafone Idea announced it will consider raising up to Rs 2,000 crore through a preferential equity issuance to a promoter entity during a board meeting scheduled for Monday, December 9, media reports said.
Vodafone Idea shares soar 19%, other telecom stocks surge as cabinet approves bank guarantee waiver
Nov 26, 2024, at 09:04 pm
Mumbai/IBNS: Telecom stocks surged on Tuesday (Nov. 26) following reports that the Union Cabinet approved waiving bank guarantees (BGs) for spectrum purchased before 2022.
Vodafone Idea seeks removal of bank guarantee requirements for 2022 spectrum acquisition: Report
Oct 08, 2024, at 10:37 pm
Mumbai: Vodafone Idea (Vi) has said it is currently in discussions with the Department of Telecommunications (DoT) to remove the bank guarantee requirements for spectrum acquired before 2022, as reported by The Economic Times.
Vodafone Idea shares soar 8% after securing $3.6 billion deal with Nokia, Ericsson, Samsung
Sep 23, 2024, at 08:36 pm
Mumbai/IBNS: Vodafone Idea's stock price jumped more than 8 percent in early trading on Monday (Sept. 23) following the announcement of a $3.6 billion deal with Nokia, Ericsson, and Samsung to supply network equipment over the next three years.
Vodafone Idea calls investor meet on Monday after AGR ruling by Supreme Court
Sep 21, 2024, at 03:36 am
Mumbai: Financially troubled telecom operator Vodafone Idea (Vi) has scheduled an unexpected meeting with investors and analysts on September 23. In a stock exchange filing, Vi stated that the 30-minute call will focus on "recent events."
Kolkata loses 2.67 lakh mobile users in June 2024, highest in the country: TRAI
Aug 28, 2024, at 08:46 pm
New Delhi/Kolkata/IBNS: The number of mobile users in Kolkata circle fell by around 2.67 lakh in June 2024 compared to May 2024, which is the highest in the country, according to the Telecom Regulatory Authority of India's (TRAI) subscription data released last week.
Vi ramps up users’ indoor network experience in Kolkata with L900 technology
Jul 18, 2024, at 05:14 am
Kolkata: Vodafone Idea today announced expansion of L900 technology in 3000 sites across Kolkata, to deliver a stronger indoor coverage experience for users.
Jul 04, 2024, at 08:54 pm
New Delhi/IBNS: The Government of India and the telecom regulator will not interfere or stop telecom companies from increasing prices, Economic Times reported, citing officials in the know.
Govt receives Rs 11,300 cr as 5G spectrum auction ends, Airtel emerges top bidder
Jun 27, 2024, at 06:25 am
New Delhi: The auction for 5G spectrum for mobile radio services concluded with telecom firms bidding around Rs 11,300 crore, reported The Economic Times on Wednesday.
Vodafone Idea buys spectrum worth Rs 3,510 cr to enhance overall network
Jun 27, 2024, at 06:00 am
New Delhi: Cash-strapped telecom operator Vodafone Idea has acquired spectrum worth Rs 3,510 crore to enhance its 4G network coverage and launch 5G services, the company announced on Wednesday.
Vodafone Idea in talks with Samsung for new 4G, 5G tech solutions
Jun 27, 2024, at 05:28 am
Mumbai: Vodafone Idea is in active discussions with Samsung about new technologies, including virtualized Radio Access Network (vRAN) solutions for their 4G and 5G networks, according to a company statement.
Vodafone Idea net loss widens in Q4FY24; ARPU up 7.6 pc at Rs 146
May 17, 2024, at 05:14 am
New Delhi: Vodafone Idea, a leading private sector telecom company with a government stake of 32.2%, recorded a loss of Rs 76,746 million (Rs 7,674.6 crore) in the fourth quarter of the financial year 2023-24, compared to Rs 64,189 million (Rs 6,418.9 crore) in the same period of 2022-23.
Vodafone Idea's successful FPO likely to end Reliance Jio and Airtel's dominance: Report
Apr 24, 2024, at 02:54 am
Mumbai: Cash-strapped Vodafone Idea’s Rs 18,000 crore follow-on public offer (FPO) has been fully subscribed, giving a much-needed push to enable the telco to compete with Reliance Jio and Bharti Airtel, media reports said.
Vodafone Idea raises Rs 5,400 cr from over 70 anchor investors
Apr 18, 2024, at 04:50 am
Mumbai: Vodafone Idea has garnered Rs 5,400 crore from 74 anchor investors, according to a statement released on Wednesday.
Vodafone Idea expects to roll out 5G service in next six-nine months
Apr 16, 2024, at 12:07 am
Telecom major Vodafone Idea is planning to launch its 5G service in select pockets across India in the next six to nine months, media reports said.
Vodafone Idea FPO worth Rs 18,000 cr to open on Apr 18
Apr 15, 2024, at 12:14 am
Mumbai: Vodafone Idea has announced its follow-on public offer (FPO) worth Rs 18,000 crore which will be open for subscription starting April 18.
GQG Partners, SBI Mutual Fund invest in Vodafone Idea: Report
Apr 13, 2024, at 04:34 am
Mumbai: GQG Partners, an investment firm, and State Bank of India Mutual Fund are contemplating a combined investment of around $800 million in the $2.16 billion share offering of telecom company Vodafone Idea, media reported.
Vodafone Idea to raise Rs 20,000 cr via equity
Feb 28, 2024, at 04:34 am
Mumbai: Vodafone Idea Ltd is poised to raise Rs 20,000 crore through a combination of equity and equity-linked instruments following approval from the company's board, media reports said.
Vi to convert Rs 16,100 cr debt into equity; govt to take 33 pc stake
Feb 04, 2023, at 04:47 am
Mumbai: The Centre has asked the cash-strapped telco Vodafone Idea (Vi) to convert all interest related to payments for spectrum and other dues into equity.
Vodafone Idea narrows Q1FY23 loss to Rs 7,295 cr; ARPU surges 23.4 pc to Rs 128
Aug 04, 2022, at 01:52 am
Mumbai: Vodafone Idea Wednesday reported a consolidated loss of Rs 7,295 crore in the quarter ending June 2022 compared to Rs 7,312 crore in the same quarter last year.
Vodafone Idea reports net loss of Rs 6,563.1 cr in Q4FY22
May 11, 2022, at 04:05 am
Mumbai: Telecom major Vodafone Idea Tuesday announced a net loss of Rs 6,563.1 crore for the quarter ending March 30, 2022, coming down from Rs 7,022.8 crore from the same quarter last financial year.
Govt not interested in participating in Vi's management: Ravinder Takkar
Jan 13, 2022, at 06:17 am
After Vodafone Idea's decision to convert the interest on spectrum auction installments and AGR dues into equity that made the government the biggest shareholder in the company, its Managing Director Ravinder Takkar said the government has no intention to participate in management.
Govt to become largest shareholder in Vodafone Idea
Jan 11, 2022, at 05:20 pm
New Delhi/UNI: The Board of stressed telecom company Vodafone Idea has approved conversion of interest on spectrum auction installments and adjusted gross revenue (AGR) dues into equity.
Tariff hike will boost loss-making Vodafone's EBITDA by 70 pc: Report
Nov 25, 2021, at 02:35 am
Mumbai/IBNS: Vodafone Idea is likely to see almost 70 percent and 14 percent jumps in operating income and revenue respectively in FY22 following a hike in all prepaid tariffs by up to 25 percent, provided it does not suffer consequent market share losses, ET reported citing analysts.
Vodafone Idea opts for 4 yr moratorium to clear AGR dues
Oct 21, 2021, at 01:33 am
Mumbai/IBNS: Vodafone Idea on October 20 announced that its board has opted for the four-year moratorium to clear Adjusted Gross Revenue (AGR) dues, according to media reports.
Vodafone Idea unveils new brand Vi
Sep 07, 2020, at 07:36 pm
Mumbai/IBNS: Amid intense competition in the telecom sector, Vodafone Idea unveiled its new brand Vi on Monday, media reports said.
Vodafone Idea posts Rs 73,878 cr annual loss
Jul 01, 2020, at 04:51 pm
New Delhi/UNI: India's third largest telecom operator Vodafone Idea on Wednesday reported a net loss of Rs 73,878 crore for 2019-20, the highest ever annual loss by any Indian firm, after making provision for Supreme Court-mandated statutory dues.
Vodafone Idea to hike mobile call, data chargesÂ
Dec 01, 2019, at 07:21 pm
New Delhi/IBNS/UNI: Telecom major Vodafone Idea on Sunday announced a hike in mobile calls and data charges from Dec 3.
Vodafone Idea and Bharti Airtel share prices rise after tariff hike announcement
Nov 19, 2019, at 02:58 pm
Mumbai/IBNS: The Bharti Airtel and Vodafone Idea shares made significant gains after the telecom operators announced a hike in tariff rates from Dec 1, media reports said.