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The Latest Breaking News from Vodafone Idea

Vodafone sells remaining £269 million stake in Indian telecoms group

London-listed mobile giant has been gradually cutting its shares in Indus Towers in recent months.

Evening Standard

Vodafone Idea approves offer price of ₹11 per equity share for ₹18,000 cr-FPO

Vodafone Idea's board approves FPO offer price at Rs 11 per share, raising Rs 18,000 crore for debt-laden telecom operator

The Hindu

Jio added 4.2 million wireless users, Airtel 7.5 lakh in January

Total wireless subscribers in India increased 0.19 per cent in the month of January to 1,160.71 million, according to the latest data provided by the Telecom Regulatory Authority of India (TRAI). Read further on Dynamite News:

Dynamite News

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ATC Telecom Seeks Conversion Of Vodafone Idea Debentures To Shares

ATC Telecom converts 4 million Vodafone Idea debentures into shares, impacting Indian telecom sector.

Top News

Morning Digest | Roll-out schedule of 3 new criminal codes will be notified by January 26; Top Hamas official Saleh Arouri killed in Beirut blast, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on January 3, 2024

The Hindu

Indian monitoring systems creating ‘backdoor’ for surveillance firms: FT report

India’s “so-called lawful interception monitoring systems” are helping create a “backdoor” that allows “Prime Minister Narendra Modi’s government to snoop” on citizens as “part of the country’s growing surveillance regime”, according to a Financial Times report.

Newslaundry

Complaint of network problem ends with homemaker losing ₹3 lakh to man posing as customer care executive

He persuaded the complainant to download an app through which he got access to her mobile phone. He then told her to pay ₹2 through a payment app. When she did that, he observed the process. The rest was easy, say police

The Hindu

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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

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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Dynamite News

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:

The Hindu

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 Times of India

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.

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The Hindu

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 Times of India

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

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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