Vodafone Idea

Stocks to watch today: From TCS to Patanjali Foods, here are stocks to watch out in Friday's trading session

The ratings, however, remains underpinned by VIL's deteriorated financial risk profile, wherein, the tangible net-worth has eroded

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Talks are currently in the early stages

In terms of internet speed, India now stands ahead of some of the G20 countries, including Mexico, Russia, and Argentina

Based on the scores, Reliance Jio is behind only Swisscom and ahead of Etisalat, MTC, and Singtel

The biggest hurdle in the way of its long-term survival will be 5G, which has changed the telecom landscape and made it the weakest player in the sector

Vodafone Idea Ltd (VIL) on Monday said it has allotted 12,000 optionally convertible debentures to ATC Telecom Infrastructure. The balance 4,000 debentures will be allotted on receipt of application form and subscription money and due intimation of the same shall be filed as necessary, according to a regulatory filing. "... it is hereby informed that the capital raising committee of the Board of Directors of Vodafone Idea Limited has, at its meetings held today that is 27 February, 2023, allotted a total of 12,000 number of unsecured, unrated and unlisted Optionally Convertible Debentures of the face value of Rs 10,00,000 each (OCDs) to ATC Telecom Infrastructure Private Limited," it said. On February 25, VIL's shareholders approved the preferential issuance of up to Rs 1,600 crore of OCDs to American Tower Corp (ATC). In this regard, the special resolution was cleared at an Extraordinary General Meeting (EGM) of Vodafone Idea held last week. According to the voting results, overa

Vi had earlier submitted a payment plan as it has paid only 10 per cent of the dues for the period

The telco currently owes Rs 41,300 cr in license fees and spectrum usage charges to govt

Debt-ridden telecom operator Vodafone Idea needs funding to make investments and vendor dues will be cleared once it starts generating cash from the investments, a top official of the company said on Wednesday. Vodafone Idea (VIL) CEO Akshaya Moondra during the company's earning call said that the experience on 5G is not much different for consumers at present unless the network is made ubiquitous. "It is very clear that we need to get funding to make investments and improve our operating cash flows to be then able to improve our vendor payment situation. Currently, we are prioritizing all payments which are essential for the continuation of operations," Moondra said. He said that all vendors have been very supportive during the difficult period that the company has been going through. "As we get the funding and start making investments, as we see cash generation from operations is going up, that will be the basis of our starting to clear the backlog," Moondra said. He said that t

CLOSING BELL: The BSE Sensex gained more than 600 points from the day's low; Tech Mahindra, Bharti Airtel and auto shares were the other major gainers on Wednesday.

The group is reportedly looking to raise long-term debt for ailing telco Vodafone Idea (Vi) and use preferential share allotment as the route

Stocks to watch today: While Eicher Motors posted 62.4 per cent year-on-year (YoY) jump in the December quarter (Q3FY23) profit, Vodafone Idea's net loss widened 10.5 per cent YoY to Rs 7,990 crore

The company lost 5.8 million subscribers sequentially and its user base stood at 228.6 million at the end of the second quarter

Liberty Global, which acquired 1.34 billion shares in Vodafone, said in a statement on Monday that it isn't considering an offer for the Newbury, England-based telecom group

5G spectrum: Centre is looking for ways to shift some broadcasting and satellite players from 3.8 GHz to higher frequency

The company has paid about 10% of the charges and fees it owes govt for the October-December quarter

This is expected to free up some cash for Vodafone Idea which needs to pay urgently to Indus Towers, Nokia and Ericsson

Vodafone's losses are expected to touch Rs 30,000 crore in the financial year 2022-23