Page 6 - Vodafone Idea

Voda Idea says 5G rollout journey to begin soon; doesn't specify launch

Vodafone Idea, the country's struggling third telecom player, plans to begin the journey to roll out 5G services, matching rivals Reliance Jio and Bharti Airtel, but the firm has offered no specific timeline for the launch or coverage of the ultra high-speed internet services. Aditya Birla Group Chairman Kumar Mangalam Birla on Saturday pledged the telco's commitment to taking India on "the new pace of country's digital journey" while speaking at the inauguration of India Mobile Congress 2022 and launch of 5G services in the country by Prime Minister Narendra Modi. "We will soon begin 5G rollout journey. We will leverage our strong presence in rural India, our enterprise customers, our tech partners, and global experience of Vodafone Group for progressively rolling out our 5G network and services in the coming period," Birla said. Unlike its rivals Reliance Jio and Airtel that outlined firm timelines for the launch of 5G services, Vodafone Idea did not disclose any rollout schedule

LIVE updates: Avalanche near U'khand's Kedarnath Temple, no damage reported

Live news updates: The giant glacier behind Kedarnath broke for the second time since the last month and appeared like a watershed from a distance

Banks unwilling to extend new credit to Voda Idea without promoter funding

Talks between Vodafone Idea Limited and its lenders to raise Rs 10,000 crore in debt have been ongoing for more than 9 months

Discussions on with Indus Towers for softer payment terms, says Vi

This follows Indus Towers's warning letter to Vi to pay up its accumulated dues or face disconnection from November.

Stocks to Watch: Hero Moto, Adani Enterprises, Zydus Life, Vodafone Idea

Stocks to Watch today: Hero MotoCorp said it will invest USD 60 million (about Rs 490 crore) in US-based Zero Motorcycles to jointly develop electric motorcycles

Vi to lose access to towers if it fails to clear dues, says Indus Towers

Vodafone Idea's (Vi) total tower dues exceed Rs 10,000 crore. Out of this, Rs 7,000 crore is owed to Indus Towers alone

Stocks to Watch: Torrent Pharma, ONGC, Dr Reddy's, BHEL, BPCL, Birla Corp

Stocks to Watch: Dr Reddy's has received US FDA nod for marketing Timolol Maleate, which is used to treat Glaucoma

Stocks to Watch: Mahindra Logistics, Sterlite Tech, Amara Raja, JSW Energy

Mahindra Logistics has announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space

Vodafone Idea, EESL to install 5 mn IoT-based smart meters in UP, Haryana

Vodafone Idea and state-owned Energy Efficiency Services Limited will install 33.3 lakh additional smart meters in Uttar Pradesh and Haryana, the two companies said in a statement. Vodafone Idea Limited (VI) and Energy Efficiency Services Limited (EESL) under a partnership have already installed 16.7 smart meters in these two states, the statement said Monday. "VI partners with EESL for advanced metering infrastructure project for DISCOMS in Uttar Pradesh and Haryana. 16.7 lakhs Vi IoT enabled smart meters installed at present in the two states. In total, 50 lakhs Vi IoT-enabled smart meters to be installed under the agreement," it said. According to the statement, the Internet of Things (IoT)-enabled smart meters have resulted in substantial improvement in monthly meter readings. The deployment of smart meters have also helped in improving billing and collection efficiency and has led to huge upside revenue for the DISCOMS thereby improving their financial standing. Arvind Nevatia

Vi facing troubles in finalising 5G deals, vendors want advance payment

Vi owes Rs 1,000 cr to Ericsson, Rs 3,000 cr to Nokia, Rs 7,000 cr to Indus Towers, and Rs 2,000 cr to American Tower Company (ATC)

How-to convert physical SIM into e-SIM on Airtel, Jio, Voda-Idea networks

Unlike physical SIM card, e-SIM is embedded in the device. Here is a step-by-step guide on how to convert physical SIM in to e-SIM for smartphones

Airtel, Jio to spend about Rs 400 crore on ads during festive season

Bharti Airtel and Reliance Jio together are likely to spend the bulk of around Rs 350-400 crore in festive season advertising

Vodafone Idea decides to not convert its AGR dues into equity: Report

Vodafone Idea (Vi) needs to tell its decision to DoT on September 16 if it wants to convert the FY18 and FY19 dues into equity

FinMin okays converting Vodafone Idea's Rs 16,100 cr dues to govt equity

The government of India will own nearly 33% of Vodafone Idea's equity, and become the single-largest shareholder if the deal goes through

Stocks to Watch: NBFCs, RIL, Concor, IOL Chemicals, M&M, Jet Airways, VIL

Stocks to Watch Today: Analysts recommend lack of clarity on the new policy may limit the upside on Concor; Govt to acquire stake in Voda Idea after the stock stabilizes above Rs 10.

'Govt to acquire VIL stake after share price stabilises at Rs 10 or above'

The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source. Vodafone Idea (VIL) board has offered a stake to the government at a par value of Rs 10 per share. "There is a SEBI norm that the acquisition should take place at par value. DoT will clear the acquisition after VIL shares stabilise at Rs 10 or above," an official source told PTI. VIL shares are trading below Rs 10 since April 19. The stock declined by 1.02 per cent to trade at Rs 9.68 on BSE on Thursday. The finance ministry had cleared the proposal to acquire stake in VIL in July. Debt-ridden Vodafone Idea (VIL) has decided to opt for converting about Rs 16,000 crore of interest liability payable to the government into equity which will amount to around 33 per cent stake in the company while promoters' holding will come down from 74.99 per cent to 50 per cent. The government has given telecom operators an option of

Vodafone Idea zooms 9% on heavy volumes, hits highest level since May

A combined 206 million equity shares of the company changed hands within an hour of trading, as against an average of sub 200 million shares that traded in the past two weeks

VIL shareholders approve Moondra as CEO; Takkar becomes non-exec director

Shareholders of Vodafone Idea have approved elevation of company's chief financial officer Akshaya Moondra as new chief executive officer, according to voting result of the annual general meeting released on Tuesday. The company held its 27th AGM (annual general meeting) on Monday in which 99.75 per cent shareholders voted in favour of the special resolution to appoint "Akshaya Moondra as chief executive officer of the company". Moondra's appointment comes at a time when the company is reeling under debt of close to Rs 2 lakh crore and has been incurring huge losses. VIL has posted marginal narrowing of its consolidated loss at Rs 7,296.7 crore during the April-June quarter compared to the year-ago period, as tariff hikes boosted its realisations. The telco's loss stood at Rs 7,319.1 crore in the year-ago quarter. He will have to handle key tasks of fund raise to support company operations and capital expenditure. Moondra will replace Ravinder Takkar who completed his three-year t

Vi 5G launch to depend on use case, customers demand, competitive dynamics

Debt-ridden telecom operator Vodafone Idea's 5G services launch will depend on several factors such as use cases, customer demand, competitive dynamics etc., a senior official of the company said on Monday. While speaking at the 27th annual general meeting, Vi Managing Director and CEO Ravinder Takker said that the promoters of the company have invested Rs 4,940 crore and the company is in active discussion with investors for fund raise. VIL acquired spectrum worth Rs 18,800 crore, which includes radiowaves in the mid band (3,300 MHz band) in 17 priority circles and spectrum in the 26 GHz band in 16 circles for 5G services. The company also acquired additional 4G spectrum in three circles of Andhra Pradesh, Karnataka and Punjab. The fresh spectrum bid adds an annual installment liability of Rs 1,680 crore on the company. "5G roll-out will depend on various factors such as how use cases will evolve, demand from customers, capacity requirement as well as competitive dynamics," Takkar

Vodafone Idea denies report alleging data leak of 20 mn postpaid customers

After a cyber-security research firm claimed that call data records of around 20 million customers of Vodafone Idea was leaked and accessed by cyber-frauds, the telecom operator has denied the breach