Vodafone Idea (Vi) has approached the State Bank of India (SBI) for a loan of Rs 15,000-16,000 crore to meet its capital expenditure needs and fund its gear supply for the 5G rollout, a report in the Economic Times (ET) said. The talks have reportedly been going on for over a month now and SBI … Read more
As per newspaper reports, mobile tower giant Indus Towers (Indus) is learnt to have asked debt-ridden Vodafone Idea (VIL)Â to clear outstanding dues and pay every month on time for continuity of the business post-November. The step is supposedly taken after the independent directors of Indus raised concerns on the mounting receivables from VIL At … Read more
Emirates Telecommunications Group Company PJSC “e&” (Etisalat Group) on Saturday announced the acquisition of approximately 2,766 million shares in Vodafone Group Plc aggregating to $4.4 billion. The shares represent 9.8% of Vodafone’s issued share capital. The transaction is in line with e&’s ambition to be a global player in telecom and technology and to increase … Read more
Vodafone Idea (Vi) has announced the following – The promoters – Vodafone and Aditya Birla Group are together infusing Rs 4,500 crore into the Company. Shares will be issued at Rs 13.30/ share. Market price before announcement was Rs 11.10/ share. Vodafone Group and the Birlas currently hold 44.3 per cent and 27.7 per cent … Read more
British telecom giant Vodafone is in discussions to sell around five per cent stake in Indus Towers to Bharti Airtel, according to industry sources. When contacted, Vodafone refused to comment on the matter. Vodafone currently holds about 28 per cent in Indus Towers. The industry sources said that Vodafone is in talks to sell its … Read more
Contrary to general consensus, Vodfaone Idea (VIL) informed that the board has approved conversion of interest on delayed payment of spectrum and Adjusted Gross Revenues (AGR) dues to the Government into equity. Key points to note The option was available to the Company in line with the telecom relief package announced by the Government in … Read more
As per newspaper reports, Vodafone Idea (VIL) mentioned the following in an internal investors’ call – Equity funding, including from promoters is set to be tied up by March 2022. Company is targeting an annual capex of about $2 bn, which is 4x of the current annual capex of $500 mn. Both these communications are … Read more
All indications seem to be suggesting this. Jio recently decided to follow Airtel and Vodafone-Idea in raising the tariffs. Industry was not sure whether this would happen, as Jio may want to continue going aggressive in attracting customers from the competitors. Whereas Sunil Mittal (Airtel) has been calling for peace, for the first time Mukesh … Read more
In July 2021, Airtel was the first telecom company to raise tariffs after the Jio led bloodbath over the last 4-5 years. It had then raised tariffs for the post paid customers. The raise was significant and for some enterprise customers it was as high as 50%. Now Airtel has again taken the lead and … Read more