Vi in talks with SBI for loan of Rs 15K-16K crore for capex needs

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

Uae-based Emirates Telecom Buys 9.8% Stake In Vodafone For $4.4 Bn

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 in talks to sell 5% stake in Indus Towers to Bharti Airtel: Report

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

Jio seems to have decided for peace

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