Page 5 - Vodafone Idea

Govt equity in Vodafone Idea hinges on stock recovery: Indus Towers

Any equity infusion cannot be below par value, says Indus Towers in its Q2 report

Want to see business plan to tackle arrears, issues: Centre asks Voda Idea

Vi is also in talks with Indus Towers which has asked Vi to pay its dues of Rs 7,000 crore by November or face action

Indus Towers accepts Vodafone Idea's payment plan for its dues

Indus Towers posted a net profit of Rs 872 crore in the second quarter of the fiscal year (FY2023) on a revenue of Rs 7,967 crore

Equity issue to govt is precondition for Vodafone Idea debenture issue

Last Friday, firm's Vi decided to issue 16,000 OCDs to American Tower Corporation and raise Rs 1,600 cr. Company has convened EGM on November 21 to approve the plan

Indus Towers to raise Rs 2,000 crore via NCDs after weak Q2 result

The fund raise was approved by the company's board of directors following the second quarter FY 2023 result which saw 44 per cent year on year drop in net profit to Rs 872 crore.

OTT apps: COAI bats for 'same service, same rules' under draft telecom Bill

Industry body argues for 'same service, same rules', says current disparities give OTT players privileges but not responsibilities

At 10-20%, telecom tariff hikes in 2022 expected to be lower than in 2021

Tariffs are hiked by telcos to maintain a healthy average revenue per user (ARPU)

A tough call: Can VIL face the onslaught of rivals Jio, Airtel in 5G race?

Crippling debt, falling subscriber numbers, super-aggressive competitors and a government dragging its feet on a debt-to-equity conversion make the going tricky

Top Headlines: RIL Q2 net flat, CCI speeds up Apple antitrust case & more

Business Standard brings you the top headlines at this hour

Vodafone Idea gets board of directors' nod to raise Rs 1,600 cr from ATC

Board approves issue of debentures

Voda Idea gets board approval to raise Rs 1,600 crore from ATC Telecom

Loss-making telecom operator Vodafone Idea board on Friday approved a proposal to raise up to Rs 1,600 crore from mobile tower company ATC Telecom Infrastructure, the company said in a regulatory filing. "The Board of Directors of Vodafone Idea Limited at its meeting held today - October 21, 2022 - has, inter-alia, approved issuance of up to 16,000 Indian Rupee denominated optionally convertible, unsecured, unrated and unlisted debentures having a face value of Rs 10,00,000 each, in one or more tranches, aggregating up to Rs 1,600 crores, convertible into equity shares at a conversion price of Rs 10 per equity share, to ATC Telecom Infrastructure Private Limited," VIL said. The optionally convertible, unlisted, unsecured and unrated debentures (OCDs) will carry a coupon rate of 11.2 per cent per annum, payable semi-annually during its term. "Maximum OCD term of eighteen (18) months from the date of issue and allotment of the first tranche of OCDs," the filing said.

Sebi clears govt proposal to turn Vodafone Idea dues into equity: Report

The govt's stake in Vodafone after the conversion could be more than 30%, says a govt official

BSNL has worst call drop rate in 14 of 18 surveyed cities, shows Trai data

Vodafone Idea had the highest data download rates, across both 3G and 4G networks in the most number of cities

Jio most consistent, Vi best 4G network for gaming in India, says report

According to Opensignal's 'Mobile Network Experience Report', Vi was the best 4G network for uploading in India

Jio pips Vi to top 4G upload speed chart, leads in download speed: Trai

Telecom major Jio topped the 4G network speed chart in terms of average download and upload for the first time in about six years of its commercial operation, according to data published by sector regulator Trai. While Jio's 4G upload speed marginally improved to 6.4 megabit per second, the speed on Vodafone Idea (Vi) network dropped to 5.9 mbps in September from 6.7 mbps in August. Vi was leading the chart for the last several quarters in the uploading speed segment. The average speed is computed by Telecom Regulatory Authority of India based on the data it collects across India with the help of its MySpeed application on a real-time basis. Airtel and BSNL networks registered a 3.4 mbps upload speed in September. Jio continued to maintain its leadership in the 4G download chart. In September, the telecom major recorded an average download speed of 19.1 mbps. It was followed by Airtel, which recorded a download speed of 14 mbps, followed by Vi at 12.7 mbps and BSNL at 5 mbps.

Taxes absorb 58% telco revenues in nation with lowest tariff: Voda-Idea CEO

Says operational cash generation can be released for investments if govt eases tax burden

Todays Top Headlines: India's 5G spread, Prosus-BillDesk M&A deal, and more

Global telecom gearmaker Ericsson's senior vice-president Nunzio Mirtillo believes that India will see one of the fastest 5G adoptions in the world

Sensex down 638 pts; Nifty nears 16900; Adani Group stocks slide, pharma up

CLOSING BELL: Adani Enterprises was the biggest Nifty dragger as it dropped 9 per cent

Realme partners Airtel, Jio, Vodafone Idea to offer bundled 5G smartphones

Smartphone maker Realme has partnered with telecom operators Airtel, Jio and Vodafone Idea to come up with a bundled offer for 5G handsets, the company said after the launch of 5G services at the Indian Mobile Congress. Realme launched India's first 5G smartphone in India in 2020 and since then, it has added 23 5G smartphones to its portfolio. "As the first brand to launch a 5G-enabled phone, we believe that 5G has the potential to bring together the entire ecosystem, which is why Realme has dedicated 90 per cent of its research and development efforts to 5G technologies and devices. "We have partnered with the leading telcos in India and have curated a host of bundle offers for our users," Realme vice president and Realme India CEO Madhav Sheth said in a statement. Seth -- who is also Realme International Group President -- said 85 per cent of the company's devices already support standalone (SA) 5G (Which Jio is rolling out) and 100 per cent of its devices will have full SA suppo

PM Modi interacts with Delhi Metro tunnel workers via live Vi 5G network

VI switched on its live 5G network here as PM made the first call, using the 'Vi 5G Digital Twin' technology, to interact with the construction workers at Delhi Metro's under-construction tunnel