Up to 176 crore shares will be issued at Rs 11.28 apiece
The shares of Voda Idea will be in focus after Vodafone Plc announced plans to offload shares worth Rs 2,700 crore in a block trade on December 5.
Mathan Babu Kasilingam, Chief Technology and Strategy Officer (CTSO) of Vodafone Idea has stepped down.
The telco expects these initiatives to boost data capacity by 15 percent, attract new 4G customers, and increase ARPU, chief marketing officer Avneesh Khosla has said
About 1585 shares advanced, 1828 shares declined, and 113 shares unchanged.
As many as 1,866 shares advanced, 1,620 declined, and 116 shares remained unchanged on June 14
On a six-month basis, the stock has underperformed the benchmark index considerably. As it has lost 5.20 percent of its value in comparison of a return of 0.75 percent by the benchmark Nifty50 index.
As of May 31, the top five wireless broadband service providers were Jio at 40.87 crore subscribers, Airtel at 21.23 crore, Vodafone Idea at 12.32 crore, BSNL at 2.17 crore and Intech Online at 0.021 crore.
The government will dilute its equity stake in Vodafone Idea once the company's balance sheet improves, according to CNBC-TV18 sources.
Vodafone Idea (VIL) on Tuesday announced its decision to opt for converting about Rs 16,000 crore interest dues liability payable to the government into equity, which will amount to around 35.8 per cent stake in the company.
VIL Managing Director and CEO Ravinder Takkar while speaking at India Mobile Congress said recent reforms announced by the government are steps towards addressing financial stress and legacy issues in the sector.
These are not individual plans and are part of the telco’s RED Family plans.
The note by JM Financial titled `A tale of supremacy, defence and survival’ said with consolidation of India’s telecom industry largely complete, the wireless industry’s revenue is expected to double to about Rs 2,60,000 crore by 2024-25 as ARPU hike looks "inevitable".
Industry insiders estimate that Vodafone Idea is likely to spend around Rs 800 crore in ad spends in FY21
Monthly decline rates of urban and rural mobile subscription were 0.18 percent and 0.40 percent, respectively, data showed.
In its order, TDSAT said TRAI would be at liberty to proceed with the inquiry and pass the final orders in accordance with the law
The lockdown, imposed to combat the coronavirus pandemic, led to delayed recharges, fewer subscriber additions, and absence of international roaming revenues for telcos.
In January, the Supreme Court rejected the review petition filed by VIL and other industry participants in relation to the AGR judgment.
The Department of Telecommunications (DoT) has also asked telecom players to clear their doubts regarding the Supreme Court order by December 13
Moneycontrol's Jerome Anthony talks to Corporate Bureau Chief Prince Thomas to find out what happened in the Corporate sector this past week (December 2-6).
Expressing disappointment over the SC ruling, Vodafone Idea also exhorted the government to engage on the matter to find ways to mitigate financial stress of the industry.
The revenue of Vodafone Idea for the June 2019 quarter fell to Rs 11,269.9 crore as against Rs 11,775 crore logged in the January-March 2019 quarter.
The telecom companies’ lobby group has also sought access to long-term, low-cost debt for infrastructure project.
The books of Vodafone Idea recorded a comprehensive loss of Rs 962.2 crore in the corresponding quarter a year ago, but the year-on-year figure is not comparable as the merger between India unit of Vodafone Group and Idea Cellular was completed on August 31, 2018.
The deal will also provide a platform for fast-track joint initiatives in Artificial Intelligence and Internet of Things.