Empowered by a recent infusion of equity funding, Vodafone Idea (Vi) aims to expand its network of retail ...More

Empowered by a recent infusion of equity funding, Vodafone Idea (Vi) aims to expand its network of retail outlets throughout this fiscal year. This strategic move is designed to bolster sales and enhance customer loyalty, essential for the financially constrained telecom operator to heighten its competitive stance against formidable adversaries like Reliance Jio and Bharti Airtel. ...Less

Vodafone Idea plans to clear about Rs 2,400 crore of dues to the government by September, sources privy t ...More

Vodafone Idea plans to clear about Rs 2,400 crore of dues to the government by September, sources privy to the development said. Vodafone Idea had to pay a licence fee of around Rs 770 crore by July and Rs 1,680 crore as the first instalment for the spectrum it purchased in auctions that were held last year. ...Less

This is the first time the senior management has clearly said Vi's promoters - UK's Vodafone Plc and the ...More

This is the first time the senior management has clearly said Vi's promoters - UK's Vodafone Plc and the Aditya Birla Group (ABG) - are likely to infuse equity, amid efforts to close the telco's long-pending fundraise. ...Less

Timing is important because rivals Airtel and Jio rolled out their increments and bonuses last year, albe ...More

Timing is important because rivals Airtel and Jio rolled out their increments and bonuses last year, albeit muted, and are expected to do so again in a month, experts said. ...Less

The debt-ridden company has advanced its target date to complete integration of Vodafone and Idea Cellula ...More

The debt-ridden company has advanced its target date to complete integration of Vodafone and Idea Cellular business to financial year 2021 from fiscal 2023. ...Less

Vodafone Idea has paid 10% of its statutory dues to the Department of Telecom (DoT) for the April-June qu ...More

Vodafone Idea has paid 10% of its statutory dues to the Department of Telecom (DoT) for the April-June quarter and has assured to pay the remaining amount by the end of September. The company plans to clear about Rs 2,400 crore of dues to the government by September, including license fees and spectrum usage charges. ...Less

The board of Idea Cellular has called for an extraordinary general meeting (EGM) on June 26. It will disc ...More

The board of Idea Cellular has called for an extraordinary general meeting (EGM) on June 26. It will discuss how to pare debts & strengthen balance sheet post merger. ...Less

The company’s board on Tuesday approved equity fund raise of upto Rs 20,000 crore by way of equity-linked ...More

The company’s board on Tuesday approved equity fund raise of upto Rs 20,000 crore by way of equity-linked instruments which could be convertible debentures, warrants, or other securities convertible into Equity Shares, Global Depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds. ...Less

The telecom operator will conduct an extraordinary general meeting with shareholders on April 2 and seek ...More

The telecom operator will conduct an extraordinary general meeting with shareholders on April 2 and seek approval for the proposed fundraising. If shareholders approve, the company expects to complete the equity fund raise in the coming quarter. ...Less

The company is also planning to raise Rs 25,000 crore through rights issue ...More

The company is also planning to raise Rs 25,000 crore through rights issue ...Less

Over the past two months, Trai has been examining if Vi’s RedX plan degrades the quality of services for ...More

Over the past two months, Trai has been examining if Vi’s RedX plan degrades the quality of services for the telco’s other users on non-premium tariff offers. Last month, Trai asked Vi why it shouldn’t ban the RedX plan that appeared to make false claims about offering faster data speeds and misleading consumers. ...Less

Both the plans offer unlimited calls, 28 days validity, access to Vodafone Play and Zee5, unlimited local ...More

Both the plans offer unlimited calls, 28 days validity, access to Vodafone Play and Zee5, unlimited local/national calls, and 100 SMS per day. ...Less

Vodafone Idea plans to raise Rs 20,000 crore through equity, but shares fell as it may have limited finan ...More

Vodafone Idea plans to raise Rs 20,000 crore through equity, but shares fell as it may have limited financial impact due to its massive debt pile. Investors are concerned about the company's ability to bring in external investors. Nomura also highlights the importance of improving the subscriber base. Government dues and subscriber additions are additional challenges. ...Less

Sebi has passed a second interim order against the Brightcom Group, restraining Suresh Kumar Reddy and Na ...More

Sebi has passed a second interim order against the Brightcom Group, restraining Suresh Kumar Reddy and Narayan Raju from holding any directorial positions until further notice. ...Less

This comes after the telecom operator on Tuesday received shareholders’ approval to raise Rs 20,000 crore ...More

This comes after the telecom operator on Tuesday received shareholders’ approval to raise Rs 20,000 crore through equity linked instruments. Besides raising funds via equity, the cash-strapped operator is also engaging with its lenders for tying up debt funding. ...Less

The plan underscores how Indian telecom cos have yet to figure out how to compete against Mukesh Ambani’s ...More

The plan underscores how Indian telecom cos have yet to figure out how to compete against Mukesh Ambani’s Jio ...Less

Vodafone Idea is exploring debt financing to fuel growth and enhance its network, aiming to better compet ...More

Vodafone Idea is exploring debt financing to fuel growth and enhance its network, aiming to better compete with rivals. This move follows the Indian government's decision to cap annual payouts for past spectrum fees, providing a crucial lifeline. The company is also still in discussions for a potential equity investment from Tillman Global Holdings. ...Less

The aim is to negate potential cost implications that sourcing from traditional European vendors Nokia an ...More

The aim is to negate potential cost implications that sourcing from traditional European vendors Nokia and Ericsson may have in the absence of competition. ...Less

Vodafone Idea has joined Reliance Jio Infocomm, Bharti Airtel and state-run Bharat Sanchar Nigam Ltd (BSN ...More

Vodafone Idea has joined Reliance Jio Infocomm, Bharti Airtel and state-run Bharat Sanchar Nigam Ltd (BSNL) in naming European and American equipment makers as preferred partners for 5G trials, effectively shutting out Chinese companies Huawei and ZTE. ...Less

The US-based GQG is planning to invest about $500 million, while SBI Mutual Fund is considering an invest ...More

The US-based GQG is planning to invest about $500 million, while SBI Mutual Fund is considering an investment of $200-300 million in the FPO, the report said further. ...Less

Vodafone Idea had to pay a license fee of around Rs 770 crore by July and Rs 1,680 crore as the first ins ...More

Vodafone Idea had to pay a license fee of around Rs 770 crore by July and Rs 1,680 crore as the first installment for the spectrum it purchased in auctions that were held last year. ...Less

The company recently started trials in Mumbai for delivering 4G services on 900 MHz and is likely to repe ...More

The company recently started trials in Mumbai for delivering 4G services on 900 MHz and is likely to repeat them in other markets shortly, a person with direct knowledge told ET. ...Less

Jio, Airtel, and Vodafone Idea are offering budget-friendly data plans under ₹200, bundled with complimen ...More

Jio, Airtel, and Vodafone Idea are offering budget-friendly data plans under ₹200, bundled with complimentary Disney+ Hotstar subscriptions. These plans provide high-speed data and access to premium content on both mobile and TV. Entertainment enthusiasts on a budget can now enjoy a variety of options with varying data allowances and validity periods. ...Less

Last year, India had approved a rescue package for debt-strapped telecom companies that allowed them to c ...More

Last year, India had approved a rescue package for debt-strapped telecom companies that allowed them to convert interest on deferred adjusted gross revenue owed to the government into equity. Among the country's three major telecom players, including Bharti Airtel and Reliance Industries' Jio, the government package was seen as a bailout for Vodafone Idea, which was on the verge of bankruptcy. ...Less

The company needs to deleverage to free up funds to spend on its 4G network expansion. ...More

The company needs to deleverage to free up funds to spend on its 4G network expansion. ...Less

“We expect Bharti and Jio to increase their combined revenue market share to 80% (it was around 74% by Se ...More

“We expect Bharti and Jio to increase their combined revenue market share to 80% (it was around 74% by September) in the next 12-18 months,” Fitch Ratings said on Monday. ...Less

Both the telcos, on December 1, announced new plans under which call and data charges became dearer. ...More

Both the telcos, on December 1, announced new plans under which call and data charges became dearer. ...Less

Here’s a list of stocks, which may hog limelight in today’s session: ...More

Here’s a list of stocks, which may hog limelight in today’s session: ...Less

The Mukesh Ambani-led telecom operator added that its new plan are offering up to 25 per cent more value ...More

The Mukesh Ambani-led telecom operator added that its new plan are offering up to 25 per cent more value than that of rivals. ...Less

Vodafone Idea expects subscribers to continue leaving in the January-March and April-June quarters. ...More

Vodafone Idea expects subscribers to continue leaving in the January-March and April-June quarters. ...Less

While giving telcos time till January 12 to take or reject the offer, the DoT had said shares of telcos o ...More

While giving telcos time till January 12 to take or reject the offer, the DoT had said shares of telcos opting for conversion would be held through the Unit Trust of India, or by any trustee type or other suitable arrangement, which may be worked out by the government. ...Less

Airtel aims to create a war chest to contain debt and meet capex needs to fight Reliance Jio. ...More

Airtel aims to create a war chest to contain debt and meet capex needs to fight Reliance Jio. ...Less

The telecom JV of UK's Vodafone Group and India's Aditya Birla Group (ABG), in fact, is counting on the t ...More

The telecom JV of UK's Vodafone Group and India's Aditya Birla Group (ABG), in fact, is counting on the targeted funding primarily to plug its 4G coverage gaps and rein in customer losses to be able to compete more effectively with bigger rivals, Reliance Jio and Bharti Airtel in its priority markets. ...Less