vodafone

The Government of India is set to become the largest shareholder of Vodafone Idea with 35.8 percent stake as the company's board has approved conversion of interest on deferred spectrum and Adjusted Gross Revenue (AGR) dues into equity, Vodafone Idea said on Tuesday.The debt-laden Vodafone Idea, a joint venture of UK-based Vodafone Group and Kumar Mangalam Birla-led Aditya Birla Group, has opted for conversion of interest on deferred spectrum and Adjusted Gross Revenue (AGR) liabilities into equity.The conversion will…

Debt-ridden telecom operator Vodafone Idea on Friday reported widening of its consolidated loss to Rs. 7,230.9 crore for the third quarter ended December 2021.The company had posted a loss Rs. 4,532.1 crore in the same period a year ago.Consolidated revenue from operations declined by 10.8 per cent to Rs. 9,717.3 crore from Rs. 10,894.1 crore in the year-ago period."We are pleased to announce second consecutive quarter of revenue growth driven by several tariff interventions taken in the last few months. While the overall…

Loss-making telecom operator Vodafone Idea may raise mobile services rates this year as well but it will depend on the market reaction to the increase in tariff that the company made in November, a top official of the company said on Monday.Vodafone Idea MD and CEO Ravinder Takkar during the earnings call said that the minimum price of Rs. 99 set by the company for about a month long service is not an expensive proposition for those who are using 4G services."We would expect that its possible that there could be another…

Vodafone, the telecoms group targeted by activist investor Cevian Capital, said it was working to improve shareholder returns by tackling weaker parts of its business, as it reported a rise in quarterly revenue.Chief Executive Nick Read said Vodafone had delivered a "solid quarter," with a 2.7 percent rise in third-quarter group service revenue, including consistent growth in its biggest market Germany.Analysts, however, said investors were focused on consolidation opportunities in markets such as Italy and Spain, which…

From Deutsche Telekom to AT&T to Vodafone, more than a dozen telecoms providers on both sides of the Atlantic are either providing free international calls to Ukraine or are scrapping roaming charges with the country.European telecoms lobbying group ETNO said an internal survey showed at least 13 of its members have taken measures to help Ukrainians after Russia's invasion of the country, while more are expected to do the same in the coming days.They are Deutsche Telekom, Orange, Telefonica, Telia Company, A1 Telekom…

Debt-ridden telecom operator Vodafone Idea (VIL) on Thursday said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group. An amount of Rs. 10,000 crore would be raised by way of equity or debt instruments, in one or more tranches.In a regulatory filing, the company said the board has cleared issuance of up to 338.3 crore equity shares of face value of Rs. 10 each at an issue price of Rs. 13.30 per equity share for an aggregate consideration…

Nokia is in talks to replace Huawei 4G radio equipment from parts of Vodafone Idea's telecom network in India, in one of the largest swap deals for the Finnish company, three sources familiar with the matter said.The deal will see Nokia deploying 12,000 5G-ready radio sites and 4,000 small cells in Vodafone Idea's network in India's capital Delhi, the sources said.Telecom operators in India have been reducing their dependence on Huawei after certain security concerns and Vodafone Idea's move is a blow to Huawei's…

British telecom major Vodafone has raised its stake in debt-ridden Vodafone Idea Limited to 47.61 percent through its subsidiary Prime Metals, a regulatory filing said on Monday.The company earlier held 44.39 percent stake in Vodafone Idea Limited (VIL)."Prime Metals held 2,18,55,26,081 equity shares, representing 7.61 percent of the equity share capital, of Vodafone Idea Limited (the "company"). PML has acquired 570,958,646 equity shares of the company through allotment of equity shares pursuant to a preferential issue…

Vodafone Idea on Monday launched its gaming service that is available in partnership with mobile gaming company Nazara Technologies. Called Vi Games, the service is claimed to offer more than 1,200 Android and HTML5 based mobile games across 10 genres directly through the Vi app. Gaming titles on Vi Games are available to both prepaid and postpaid subscribers. While some games are available under a subscription model, Vodafone Idea is also offering over 250 free games on the platform for all its customers.Vi Games brings…