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Vodafone Indus Towers

Aditya Birla Group looking to raise funds for Vi at promoter level: Report

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

Aditya Birla Group looking to raise funds for Vi at promoter level: Report
Updated On : 15 Feb 2023 | 8:58 AM IST

Vodafone Idea, Indus Towers shares skyrocket on govt's stake move

Stake issuance coupled with potential capital infusion by promoters should help Vi clear pending dues and invest in 5G; Indus Towers' receivables set to reduce

Vodafone Idea, Indus Towers shares skyrocket on govt's stake move
Updated On : 06 Feb 2023 | 10:52 PM IST

Government to convert Vodafone Idea's dues into equity; stock zooms 24%

Shares of Indus Towers, too, surged 15 per cent to Rs 164.80 on the BSE

Government to convert Vodafone Idea's dues into equity; stock zooms 24%
Updated On : 06 Feb 2023 | 11:08 AM IST

No new payment plan from Vodafone Idea, situation dynamic: Indus Towers

A significant part of the payment for Oct-Dec has been cleared by Vi, but instalment for January remains unpaid

No new payment plan from Vodafone Idea, situation dynamic: Indus Towers
Updated On : 25 Jan 2023 | 9:40 PM IST

Indus Towers tanks 5%, hits over 2-year low on reporting net loss in Q3

The loss in the books was a result of adoption of stringent accounting practices by the Company due to continued shortfall in collections from one of the major customers, the company said.

Indus Towers tanks 5%, hits over 2-year low on reporting net loss in Q3
Updated On : 25 Jan 2023 | 9:44 AM IST

Indus Towers makes Rs 2,298-crore provision for Vodafone Idea receivables

Firm reports loss of Rs 708 crore in Q3; in Q2 it had recorded a profit of Rs 872 crore

Indus Towers makes Rs 2,298-crore provision for Vodafone Idea receivables
Updated On : 24 Jan 2023 | 11:43 PM IST

Indus Towers hits 52-week low in firm market; slips 10% in one month

Analysts at BNP Paribas believe an improvement in long-term revenue visibility from Vodafone Idea can result in further increase in earnings estimates as well as valuation multiple of Indus Towers

Indus Towers hits 52-week low in firm market; slips 10% in one month
Updated On : 17 Jan 2023 | 10:33 AM IST

Vodafone Idea approaches banks for loans worth Rs 7,000 crore: Report

The lenders have, however, sought clarity from the telco on the Government's potential shareholding and its plans to infuse capital in Vi

Vodafone Idea approaches banks for loans worth Rs 7,000 crore: Report
Updated On : 06 Jan 2023 | 9:02 AM IST

Promoters unwilling to infuse capital in Vi, govt stake unviable: Report

The promoters are willing to infuse Rs 2,000-3,000 crore but it is too less to revive the company

Promoters unwilling to infuse capital in Vi, govt stake unviable: Report
Updated On : 04 Jan 2023 | 10:30 AM IST

Indus Towers revises report, drops para on govt stake in Vodafone Idea

Tower installation firm had said conversion of interest into equity stake for the government can be decided only after telecom company's stock price improves

Indus Towers revises report, drops para on govt stake in Vodafone Idea
Updated On : 01 Nov 2022 | 2:57 PM IST

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

Govt equity in Vodafone Idea hinges on stock recovery: Indus Towers
Updated On : 30 Oct 2022 | 11:07 PM IST

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

Indus Towers accepts Vodafone Idea's payment plan for its dues
Updated On : 28 Oct 2022 | 7:09 PM IST

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.

Discussions on with Indus Towers for softer payment terms, says Vi
Updated On : 30 Sep 2022 | 9:42 AM IST

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

Vi to lose access to towers if it fails to clear dues, says Indus Towers
Updated On : 28 Sep 2022 | 10:54 AM IST

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)

Vi facing troubles in finalising 5G deals, vendors want advance payment
Updated On : 23 Sep 2022 | 10:44 AM IST

Airtel completes acquisition of 4.7% stake in Indus Towers from Vodafone

Bharti Airtel along with its wholly-owned subsidiary has acquired about 4.7 per cent stake in Indus Towers from Euro Pacific Securities, an affiliate of Vodafone Group, a stock exchange filing said on Tuesday. The shares were acquired at Rs 187.88 a piece, it said. "...We wish to submit that the company, along with its wholly-owned subsidiary, Nettle Infrastructure Investments Limited, has acquired 127,105,179 equity shares (about 4.7 per cent) of Indus Towers at Rs 187.88 per share from Euro Pacific Securities Ltd., an affiliate of Vodafone Group Plc," Airtel said in a BSE filing. Last week, Bharti Airtel had said it will acquire 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore. Indus Towers, formerly Bharti Infratel, provides passive telecom infrastructure. It owns, deploys and manages telecom towers and communication structures for various mobile phone service operators. The company's portfolio of over 1,84,748 telecom towers makes it one of the .

Airtel completes acquisition of 4.7% stake in Indus Towers from Vodafone
Updated On : 29 Mar 2022 | 5:59 PM IST

Bharti Airtel spurts 2%, extends rally on positive news flow

The stock has gained 6 per cent in the last four trading sessions when compared with a 0.4 per cent gain on the benchmark.

Bharti Airtel spurts 2%, extends rally on positive news flow
Updated On : 29 Mar 2022 | 10:43 AM IST

Airtel to acquire Vodafone's 4.7% stake in Indus Towers for Rs 2,388 cr

Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore, according to a company filing

Airtel to acquire Vodafone's 4.7% stake in Indus Towers for Rs 2,388 cr
Updated On : 26 Mar 2022 | 12:30 AM IST

Sensex ends 1,414 pts off low, gains 389 pts; Tata Steel rises 6%, RIL 3%

Closing Bell: Hindalco (up over 7 per cent), Tata Steel, Power Grid, JSW Steel, Coal India, BPCL, Titan Company, RIL, and Indian Oil Corporation were the biggest large-cap gainers on the bourses today

Sensex ends 1,414 pts off low, gains 389 pts; Tata Steel rises 6%, RIL 3%
Updated On : 28 Feb 2022 | 3:45 PM IST

Bharti Airtel dips 3% on plans to buy 4.7% stake in Indus from Vodafone

The agreement in on the principal condition that the amount paid shall be inducted by Vodafone as fresh equity in VIL and simultaneously remitted to Indus Towers to clear VIL's outstanding dues.

Bharti Airtel dips 3% on plans to buy 4.7% stake in Indus from Vodafone
Updated On : 28 Feb 2022 | 9:52 AM IST