Idea

Vodafone Idea in advanced talks to raise Rs 5,000 crore, deal likely to close in next few weeks

According to people directly aware of the matter, the debt will be raised by Vodafone Idea Telecom Infrastructure Limited, a group subsidiary that houses part of the company’s telecom infra and renewable energy assets

Supreme Court Rejects Vodafone Idea’s AGR Relief Plea

Vodafone Idea has petitioned the Supreme Court to direct the government to waive over $5 billion in telecom dues, citing sector sensitivity. The company, burdened by a 2019 ruling on adjusted gross revenue, faces $9.76 billion in dues and $25 billion debt. Its financial viability beyond FY26 is uncertain.

Vodafone Idea management on Rs 18,000 crore FPO which opens for subscription from 18-22 April

Telecom operator Vodafone Idea’s board has approved a Follow-on Public Offering (FPO) of equity shares of up to Rs 18,000 crore. The floor price for the mega offer has been set at Rs 10 and the cap at Rs 11 per equity share. This is at a discount of about 26% compared to recently approved preferential issue price to the promoter entity at Rs 14.87 and a discount of about 15% compared to last closing price.

Karnataka floats tender for 'Propel' platform aimed to help start-ups get first customers

Propel, an online platform aimed at accelerating the adoption of start-ups' solutions and assisting them in acquiring their initial customer base

Moneycontrol Selects: Top stories this morning

Our specially curated package of the most interesting articles to help you stay at the top of your game.

Vodafone Idea fails to renew bank guarantees amid financial constraints, seeks time

The telco also said it has been unable to renew additional BGs of undisclosed sums issued by Kotak Mahindra Bank due to its continuing financial constraints.

Indus Towers may discontinue services if Voda fails on advanced payments

Vodafone Idea owes Rs 7,000 crore to Indus Towers and had agreed to pay the dues by July 2023

ATC not sure that Vodafone Idea will be able to clear dues in January

During the September quarter, the shortfall in payments from VIL totalled approximately USD 48 million (about Rs 392 crore).

Government to acquire Vodafone Idea stake after share firms up at Rs 10

"There is a SEBI norm that the acquisition should take place at par value. DoT will clear the acquisition after VIL shares stabilise at Rs 10 or above," an official source told PTI.

Vi 5G launch to depend on use case, customers demand, competitive dynamics

The promoters of the company have invested Rs 4,940 crore and the company is in active discussion with investors for fund raise.

VIL Business launches 'Ready for Next' prog to aid digital transformation of MSMEs

Digital adoption is driving new business prospects, and digitally securing the business has become crucial in the new era of remote working.

Vodafone Idea debt a challenge; fundraise critical for competitiveness, say analysts

New Delhi, May 13 Even as debt-ridden telecom operator Vodafone Idea's financial performance in the March 2022 quarter has been in line with the in..

Govt to become largest shareholder in Vodafone-Idea — What it means for investors & industry

Conversion of dues to equity and transferring it to the government does not augur well from VIL shareholders' perspective

Vodafone Idea: Struggle for survival is on

We believe there is no investment argument for Vodafone Idea that we can put forward unless we see the company progressing towards raising capital

DoT demands Rs 21,919 crore from three big telcos for spectrum bought

The government managed to sell 855.60 megahertz (MHz) of the spectrum which is 37 percent of the offered 2308.80 MHz by volume and 19 percent by value

Here’s how the telecom spectrum auction fared in 2021 versus 2016

The spectrum additions, which bring the government more revenue from fewer bidders than the 2016 auction, will help improve networks and protect the market position of existing entities, experts say.

In The News podcast | Jamia videos controversy; Airtel pays Rs 10,000 cr as AGR; RSS chief on divorce and more

Anvita Bansal gives your your daily dose of the top stories from India. Tune in for more.

In The News podcast | India remembers Pulwama; SC asks telcos to pay AGR dues tonight; why Indians are migrating to Canada

Anvita Bansal gives you your daily dose of the top news stories from India and around the world.

All Idea postpaid customers to come under Vodafone RED brand

Vodafone also confirmed that prepaid customers wouldn’t be affected by the announcement. All prepaid products will be offered under both Vodafone and Idea brands across all circles through all retail and digital channels.

Tariff hikes to give a strong boost to ARPU, EBITDA of telcos, say brokerages

Telecom operator Vodafone Idea on December 1 said it will charge 6 paise per minute for every outgoing call made by customers to the network of other operators.

Corporate Buzz podcast | Essar Steel verdict; more trouble for Vodafone Idea and Airtel; and the Singh brothers saga

Moneycontrol's Jerome Anthony talks to Corporate Bureau Chief Prince Thomas to find out the top developments in the corporate world.

Believe govt is aware of telcos' stress; wants to see 3 pvt, 1 public sector player: Voda Idea CEO

In a post-earnings investor call, Vodafone Idea CEO Ravinder Takkar said the company has been engaging "very positively" with the government and that its discussions on telecom stress began even before the AGR ruling was pronounced by the Supreme Court.

Vodafone to stay invested, CEO writes to PM Narendra Modi: Sources