With no duopoly, Airtel and Jio will now concentrate on improving their bottom lines rather than playing the pricing game to target Vi customers or ensure its demise
Currently, the Aditya Birla group holds around 27.7 per cent while Vodafone Group holds 44.3 per cent in the telco
The announcement of Tata Teleservices (Maharashtra) came within hours of Voda Idea also deciding to opt for converting the interest amount on AGR dues into government equity
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The broader markets were quiet today with the BSE MidCap and SmallCap indices ending little changed
Vodafone Idea continues to attract risky traders as medium-term outlook remains robust
Vodafone Idea said the equity shares will be issued to the Government at par value of Rs 10 per share, subject to final confirmation by the DoT.
This will result in dilution for all the existing shareholders of the company, including the founders
The telecom company has to take a call on the issue by Wednesday
Bharti Airtel, however, is the safer bet fundamentally among the two companies.
Vodafone lost out, not so much in the immediate years after Jio's entry, as much after the pandemic
Indian mobile consumers have made close to 30 million MNP requests each quarter in the last three, or in other words, close to 90 million requests in the January - September 2021 period
Firm is now in the process of extinguishing bonds with the depositories; Next tranche of forex bonds worth Rs 1,055 cr are maturing on Dec 31, and another Indian currency bond matures Jan 4
Move to drive digital adoption and monetisation
The telecom regulator Trai has received the highest number of complaints against Bharti Airtel followed by Vodafone Idea and Reliance Jio, Parliament was informed on Friday
The broader markets outperformed, the BSE Midcap and Smallcap indices were up 0.3 per cent and 0.8 per cent, respectively
Last month, Vodafone Idea hiked tariffs to improve its financials. But analysts continue to be wary of the telecom player. What is worrying them? What is the road ahead for the stock? Let's find out
How is India's private helicopter market faring? How have edtech major Byju's acquisitions panned out? Is the worst over for Vodafone Idea stock? What is the right to be forgotten? All answers here
Currently 5G trials are underway and the govt hopes to hold a spectrum auction by April-May 2022; TRAI has also initiated a consultation exercise on the issue of 5G spectrum
Vodafone Idea's market share loss, according to reports, has continued in the first half of fiscal 2021-22 (H1-FY22) though the pace of market share loss has moderated