Page 52 - Vodafone Idea

Govt approves Rs 3,050-cr fine on Airtel, Voda Idea; telcos may move court

Airtel and Vodafone Idea had recently concluded their rights issue to pare debt. They raised Rs 25,000 crore each from their respective offers

DCC approves imposing Rs 3,050 cr penalty on Airtel, Vodafone Idea

In October 2016, Trai had recommended imposing a total penalty of Rs 3,050 crore on Airtel, Vodafone and Idea (now merged) for allegedly denying inter-connectivity to Reliance Jio

Vodafone Idea shares slip below face value to hit new low of Rs 9.90

Thus far in the current calendar year 2019, shares of the company have more than halved from the level of Rs 23 on poor earnings and high debt.

Vodafone Idea hires Bank of America, Morgan Stanley for $1.9-bn fibre sale

The bankers will initiate discussions with potential buyers for the fibre assets, which could be valued at as much as Rs 130 billion ($1.9 billion), the sources said

SC agrees to hear Centre plea against TDSAT order on Vodafone Idea

TDSAT had asked DoT to refund bank guarantee worth nearly Rs 21,00 crore to Vodafone Idea

Interest cost may force Vodafone Idea to raise funds at regular intervals

Vodafone Idea still has its Indus Tower stake, currently valued at Rs 6,160 crore

DCC asks Trai to review Rs 3,050 crore penalty on Vodafone Idea and Airtel

Both Airtel and Vodafone Idea have recently concluded their rights' issues to pare debt

Vodafone Idea transfers fibre infra to subsidiary after creditors approval

The meeting of shareholders and creditors of the company were separately held on June 6

Vodafone Idea lags Bharti Airtel, Jio in sequential revenue growth in Q4

Vodafone Idea, which recently concluded Rs 25,000 crore rights issue, is looking to monetise investments in tower venture as well as fibre assets

Vodafone Idea board approves merger of 2 subsidiaries with parent

The merger would, lead to simplification of the corporate structure, and efficient and economical management and control over the running of businesses of the subsidiaries

Vodafone Idea's consolidated loss narrows to Rs 4,882 cr in March quarter

Loss came down from Rs 5,004.6 crore in the Dec quarter; a year-on-year comparison not possible as the merger of Vodafone and Idea had not taken place as of the same quarter last year

Vodafone Group pledges entire 44.39% stake in Vodafone Idea with 7 banks

Shares of Vodafone Idea plunged 7.12 per cent on the BSE on Wednesday

Vodafone Idea slips 12%, hits new low as rights issue shares start trading

About 20,000 million new shares of Vodafone Idea have started trading at National Stock Exchange (NSE) and the BSE with effect from today.

Vodafone Idea's revenue market share to slip below 25% by FY21: Analysts

Analysts expect more of a Jio-Airtel duopoly in the market by FY22

Vodafone Idea promoters contribute Rs 17,920 crore to rights issue

The rights issue opened on April 10 and closed on April 24.

Voda Idea to seek shareholder nod for divesting fibre assets to Voda Towers

The company has proposed to hive off its telecom fibre infrastructure to Vodafone Towers before monetising it and approached the National Company Law Tribunal Ahmedabad

Vodafone Idea announces multi-million dollar IT outsourcing deal with IBM

The company did not divulge the size of the deal but some reports pegged it at about $700 million

Vodafone Idea possibly behind own schedule on rollout of 4G services

The company is also bringing in 5G capacity in current 4G deployment, in anticipation of regulatory clearance

Voda-Idea needs more fund in FY19 to finance spectrum repayments: Report

Vodafone Idea is in the process of raising Rs 25,000 crore through a rights issue

Rights issue oversubscribed, crossed Rs 25,000 crore: Vodafone Idea

Through the rights issue, which ran between April 10 and April 24, the company offered 2,000 crore new shares at Rs 12.50 apiece