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The Latest Breaking News from Vodafone Idea

Govt gets 33.44% stake in Vodafone Idea post equity allocation

NEW DELHI: Debt-ridden telecom operator Vodafone Idea on Tuesday approved the allotment of equity shares worth Rs 16,133 crore to the government, which post-allocation has become the largest shareholder with a 33.44 per cent stake in the company.

The Times of India

Telecom subscriber base declines to 117 crore in October 2022 with VIL losing 35 lakh customers: Trai

NEW DELHI: The telecom subscriber base in the country declined by 117 crore in October due to Vodafone Idea losing a large number of mobile customers during the month, as per a report of sector regulator Trai published on Monday.

The Times of India

Vodafone Idea to raise Rs 1,600 crore debt from vendor ATC

NEW DELHI: Loss-making telecom operator Vodafone Idea on Friday said it has received board nod to settle Rs 1,600 crore dues to equipment vendor ATC Telecom Infrastructure Ltd by converting the due amount into equity if unpaid in 18 months.

The Times of India

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DoT to 'activate' conversion of VIL dues into equity after seeing firm action on fundraising

NEW DELHI: The telecom ministry will 'activate' its plan to convert dues of Vodafone Idea into equity as soon as the telco demonstrates firm commitment as a serious long-term player in the market through fundraising or any other confidence-building measure, according to a senior government official.

The Times of India

Govt to acquire Vodafone Idea stake after share price stabilises at Rs 10 or above

NEW DELHI: The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source.

The Times of India

Telecom Minister Ashwini Vaishnaw asks telcos to gear up for 5G launch

The DoT has received payment of around ₹17,876 crore from service providers — Bharti Airtel, Reliance Jio, Adani Data Networks and Vodafone Idea for 5G spectrum they won in a recent auction.

The Hindu

Dialling right: On 5G spectrum sale

Government should ensure both the exchequer and the public benefit from spectrum sale

The Hindu

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Business: Much-awaited auction for 5G spectrum commences

Reliance Jio, Adani group, Bharti Airtel and Vodafone Idea are the four major participants in the auction. Read more on Dynamite News:

Dynamite News

Bidding for spectrum, including 5G airwaves, to begin this week

Reliance Jio, Adani Data Networks, Bharti Airtel and Vodafone Idea to participate in the auction set to begin on July 26, at which analysts do not foresee any aggressive bidding due to the abundancy of spectrum and the limited number of participants

The Hindu

Jio adds over 31 lakh mobile users in May, VIL loses 7.6 lakh subscribers: TRAI data

Bharti Airtel added 10.27 lakh subscribers, while BSNL and Vodafone-Idea lost 7.59 lakh wireless connections and 5.36 lakh subscribers respectively

The Hindu

5G auction: Jio submits earnest money of Rs 14,000 crore to DoT; Adani Group deposits Rs 100 crore

NEW DELHI: As the race for 5G spectrum auction heats up, billionaire Mukesh Ambani's Reliance Jio has made a Rs 14,000-crore earnest money deposit while rival Adani group made a modest Rs 100 crore deposit.

The Times of India

Adani Data Networks, Reliance Jio, Bharti Airtel, Vodafone Idea submit applications to participate in the upcoming spectrum auctions

A total of 72,097.85 MHz of spectrum worth at least ₹4.3 lakh crore will be put on the block during the auctions, which are set to commence on July 26.

The Hindu

5G captive networks: Telcos threaten boycott over nod to Big Tech

NEW DELHI: Even before the bids are called, 5G auctions are fast turning out to be a turf battle between the well-heeled telecom operators such as Reliance Jio, Airtel and Vodafone Idea and the new-age Big Tech such as Google, Amazon, TCS and Cisco as the two sides fight over…

The Times of India

Allocate unsold spectrum at a price: Voda Idea CEO

NEW DELHI: Ahead of 5G auctions, Vodafone Idea MD CEO Ravinder Takkar has said that the telecom department should consider “allocating” spectrum that is left unsold to mobile operators at a certain market-discovered price as companies scale networks to meet the country’s growing digital consumption.

The Times of India

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The Times of India

Airtel, Jio drive telecom subscriber base to 116.6 crore in March

NEW DELHI: Net subscriber addition by Bharti Airtel and Reliance Jio increased the overall telecom user base to over 116.69 crore in March 2022, telecom regulator Trai said in its monthly report on Thursday.

The Times of India

Vodafone Idea Q4 losses narrow to Rs 6,563 crore

NEW DELHI: Telecom operator Vodafone Idea on Tuesday reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March compared to same period of the previous year, while its realisation per user or ARPU improved sharply on a sequential basis.

The Times of India

VIL board okays share allotment to 3 promoter group companies to raise Rs 4,500 crore

NEW DELHI: Vodafone Idea on Thursday said its board has approved the allotment of 338.3 crore equity shares at Rs 13.30 per scrip to three promoters group entities - Euro Pacific Securities, Prime Metals and Oriana Investments - for about Rs 4,500 crore.

The Times of India

Vodafone Idea board approves raising up to Rs 14,500 crore

NEW DELHI: Debt-ridden telecom operator Vodafone Idea on Thursday said its board has approved raising of up to Rs 14,500 crore, including Rs 4,500 crore from promoter entities.

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The Times of India

Airtel to acquire Vodafone's 4.7% stake in Indus Towers if funds are used for VIL

NEW DELHI: Telecom operator Bharti Airtel on Friday said it has signed an agreement to buy Vodafone's 4.7 per cent stake in Indus Towers on the condition that the proceeds will be used for investment in Vodafone Idea and clearing its dues towards the mobile tower company.

The Times of India

India's mobile subscriber count down by 1.28 crore in December 2021: Trai data

NEW DELHI: The mobile user count in India fell by 1.28 crore in December 2021 compared to the previous month, with Reliance Jio and Vodafone Idea suffering subscriber losses, even as Bharti Airtel added customers, Trai data showed on Thursday.

The Times of India

Vodafone Idea expects another hike in mobile services rates this year

NEW DELHI: Loss-making telecom operator Vodafone Idea may raise mobile services rates this year as well but it will depend on the market reaction to the increase in tariff that the company made in November, a top official of the company said on Monday.

The Times of India

Vodafone Idea Q3 loss widens to Rs 7,231 crore

NEW DELHI: Debt-ridden telecom operator Vodafone Idea on Friday reported widening of its consolidated loss to Rs 7,230.9 crore for the third quarter ended December 2021.

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