Business Standard

Vodafone Idea Ltd News

Supreme Court agrees to listen to Vodafone Idea's plea on AGR computation

The Supreme Court on Monday took note of a telecom firm's submission that its plea seeking correction of alleged errors in Adjusted Gross Revenue (AGR) related dues be listed for consideration. A bench comprising Chief Justice of India D Y Chandrachud, Justice J B Pardiwala and Justice Manoj Misra was urged by senior advocate Harish Salve, appearing for Vodafone Idea, that the petition needed consideration. The curative petition against the dismissal of earlier pleas seeking correction of alleged errors in AGR-related dues is yet to be listed before a bench, the telecom firm said. "I will see," the CJI said and asked whether an email has been sent in this regard. On October 9 last year, the top court had taken note of submissions of some telecommunication companies seeking listing of their pleas on AGR due issue. The telcos had referred to alleged errors in the arithmetic calculation for arriving at the AGR-related dues by the Department of Telecommunications (DoT). In July 2021,

Supreme Court agrees to listen to Vodafone Idea's plea on AGR computation
Updated On : 15 Jul 2024 | 11:22 PM IST

ATC Telecom converts Rs 160 cr worth Voda Idea debt bonds into equity

Mobile tower company ATC Telecom Infrastructure has converted Rs 160 crore worth of optionally convertible debentures, issued by Vodafone Idea in lieu of payments, into equity, a regulatory filing said on Thursday. Debt-ridden telecom operator Vodafone Idea (VIL) had issued optionally convertible debentures (OCDs) worth Rs 1,600 crore to ATC, as it failed to pay for rentals of mobile towers. ATC has already converted OCDs worth Rs 1,440 crore into equity in March. "We wish to inform you that pursuant to the terms of OCDs, the Company has received Conversion Notice in respect of outstanding 1,600 OCDs from current OCD holders (ATC) for conversion into 16,00,00,000 fully paid up equity shares of face value of Rs 10 each at conversion price of Rs 10 per equity share," VIL said in the filing. Last month, VIL allocated shares worth Rs 2,458 crore to vendors Nokia India and Ericsson India to clear partial dues. The total debt of the company stood around Rs 2,07,630 crore as of March 31,

ATC Telecom converts Rs 160 cr worth Voda Idea debt bonds into equity
Updated On : 11 Jul 2024 | 11:49 PM IST

Vi shareholders okay Rs 2,458 cr preferential issue to Nokia, Ericsson

Offering stake to its vendors will allow Vi to partially clear outstanding dues

Vi shareholders okay Rs 2,458 cr preferential issue to Nokia, Ericsson
Updated On : 11 Jul 2024 | 7:20 PM IST

Vodafone Idea reaches out to DoT for waiver of Rs 24,700 cr bank guarantee

Debt-ridden Vodafone Idea has reached out to the Department of Telecom to seek waiver on a financial bank guarantee worth Rs 24,747 crore for spectrum payment due in September 2025, according to sources. Vodafone Idea (VIL) needs to securitize the annual instalment one year before the due date of the payment. "Vodafone Idea has reached out to DoT seeking waiver for financial bank guarantee (FBG) worth Rs 24,747 crore which it has to pay in September 2025. The FBG needs to be deposited one year before the due date as per spectrum auction rules," a source, who did not wish to be identified, told PTI. An email query sent to Vodafone Idea elicited no response. The payments are for frequencies that VIL purchased in auctions that were conducted before 2022. VIL in 2022 opted for a four-year moratorium to pay for the spectrum allowed under a government relief package. The moratorium period for the spectrum payment obligations related to spectrum auctions conducted until 2016 ends between

Vodafone Idea reaches out to DoT for waiver of Rs 24,700 cr bank guarantee
Updated On : 11 Jul 2024 | 6:52 PM IST

Airtel, Jio, Vodafone Idea push for long-term recharges amid price hike

Leading telecom operators are targeting users with 365-day plans priced between Rs 2,545 and Rs 3,099 through aggressive in-app promotions

Airtel, Jio, Vodafone Idea push for long-term recharges amid price hike
Updated On : 02 Jul 2024 | 1:38 PM IST

Tariff hike impact: Airtel soars 5%, hits new high; RIL mcap tops Rs 21 trn

Telecom stock update: Bharti Airtel rallied 5 per cent to hit a new high at Rs 1,539; RIL rose 2% to Rs 3,129, and saw its market capitalisation touch Rs 21.12 trillion in intra-day trades today.

Tariff hike impact: Airtel soars 5%, hits new high; RIL mcap tops Rs 21 trn
Updated On : 28 Jun 2024 | 10:01 AM IST

Reliance, Airtel, Voda Idea, BHEL among 5 stocks to watch today

Stocks to watch on Friday, June 28, 2024: Shares of telecom companies expected to hog limelight; Stanley Lifestyles to debut on the bourses today.

Reliance, Airtel, Voda Idea, BHEL among 5 stocks to watch today
Updated On : 28 Jun 2024 | 8:35 AM IST

Surprisingly large mid-band spectrum purchase to boost Vi's 4G: Analysts

Latest spectrum won't change sector dynamics, eyes on tariff action, they say

Surprisingly large mid-band spectrum purchase to boost Vi's 4G: Analysts
Updated On : 27 Jun 2024 | 6:22 PM IST

Vodafone Idea hits over 5-year high; stock zooms 68% against FPO price

Vodafone Idea's higher-than-expected spectrum spends to boost network experience is a positive move, said Kotak Institutional Equities

Vodafone Idea hits over 5-year high; stock zooms 68% against FPO price
Updated On : 27 Jun 2024 | 3:30 PM IST

Vi buys spectrum worth Rs 3,510 cr to improve 4G network coverage, services

Debt-ridden telecom operator Vodafone Idea bought spectrum worth Rs 3,510 crore to improve 4G network coverage and service, the company said on Wednesday. Besides renewing 900 megahertz spectrum in UP West and West Bengal, the company enhanced its 900 MHz spectrum holding in seven circles, namely Andhra Pradesh, Tamil Nadu, Karnataka, Punjab, Rajasthan, UP East and Kolkata. "VIL has strategically acquired spectrum in the select markets to enhance and strengthen its overall spectrum portfolio. This acquisition will enable us to effectively use dedicated sub GHz spectrum towards advanced technologies to enhance the experience we offer to our customers," VIL CEO Akshaya Moondra said in a statement. VIL has plans to invest up to Rs 55,000 crore over the next three years with focus on expanding and strengthening 4G coverage. During the calendar year 2024, the company has raised around Rs 24,000 crore through equity issue (including proposed preferential issue of Rs 2,458 crore to Nokia

Vi buys spectrum worth Rs 3,510 cr to improve 4G network coverage, services
Updated On : 26 Jun 2024 | 8:37 PM IST

Telecom shares rise up to 7%; Airtel at new high, Voda Idea hits 52-wk high

Shares of Vodafone Idea hit a 52-week high of Rs 18.47, surging 7% amid heavy volumes, surpassing its previous high of Rs 18.42 touched on January 1

Telecom shares rise up to 7%; Airtel at new high, Voda Idea hits 52-wk high
Updated On : 26 Jun 2024 | 3:31 PM IST

How to trade telecom stocks amid spectrum auction? Check key levels

Technical charts suggest a divergent trend for the three key telecom stocks - Reliance Industries, Bharti Airtel and Vodafone Idea.

How to trade telecom stocks amid spectrum auction? Check key levels
Updated On : 26 Jun 2024 | 8:26 AM IST

Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone

If this sale is successful, Bharti Airtel will become the majority stakeholder in Indus Towers with a 52% shareholding

Bharti Airtel in talks to buy 3% more stake in Indus Towers from Vodafone
Updated On : 24 Jun 2024 | 3:24 PM IST

Vodafone-Idea completes minimum rollout obligation for 5G networks

Debt-ridden telecom operator Vodafone Idea on Friday said it has completed the minimum rollout obligation for 5G networks. Vodafone Idea (VIL) had acquired spectrum to provide 5G services in 17 telecom circles in 2022. "Vodafone Idea has completed its Minimum Rollout Obligation (MRO) across all Vi 5G circles on both spectrum bands," the company said in a statement. VIL had acquired 50 MHz spectrum in 3,300 Mhz band across 17 circles each for Rs 15,137.75 crore through auctions that were held in 2022. The company had to launch commercial service in at least one city in each circle by the end of the first year, 28 towns by 2025 across all telecom circle categories, and 87 towns across all categories of telecom circles by 2027. VIL estimates its capital expenditure requirement to be in the range of Rs 50,000-55,000 crore over the next three years. The company had recently raised around Rs 20,000 crore comprising Rs 18,000 crore from follow-on public offer (FPO), Rs 2,075 crore from

Vodafone-Idea completes minimum rollout obligation for 5G networks
Updated On : 21 Jun 2024 | 11:41 PM IST

Bankers back BPCL Rs 32k cr loan, cautious on Vodafone Idea's Rs 23k loan

Bankers sentiments differ on loans sought by state-backed oil giant BPCL and telecom major Vodafone Idea, which cumulatively amount to Rs 55,000 crore

Bankers back BPCL Rs 32k cr loan, cautious on Vodafone Idea's Rs 23k loan
Updated On : 21 Jun 2024 | 12:58 PM IST

Vodafone Idea surges 6% from day's low; stock nears 52-week high

Vodafone Idea is all set to participate in the industry growth with right investments to expand its 4G coverage and offer 5G experience to its customers

Vodafone Idea surges 6% from day's low; stock nears 52-week high
Updated On : 19 Jun 2024 | 3:02 PM IST

Stock market guide Jun 19: GIFT Nifty atop 23,600; Experts see more upside

All you need to know before the stock market opens on Wednesday, June 19: FIIs up index long futures; Nifty up over 1,000 points so far in June; Voda Idea, Indus Towers stocks in focus today.

Stock market guide Jun 19: GIFT Nifty atop 23,600; Experts see more upside
Updated On : 19 Jun 2024 | 7:21 AM IST

Vodafone to offload 10% in Indus Towers to raise up to Rs 9,000 crore

Vodafone Group Plc currently owns 21.5 per cent stake in Indus via various group entities. It will use the proceeds to repay its own debt

Vodafone to offload 10% in Indus Towers to raise up to Rs 9,000 crore
Updated On : 18 Jun 2024 | 6:34 PM IST

Vodafone to sell 10% stake in Indus Towers for up to $1.1 billion

Vodafone plans to repay part of its $42.17 billion net debt using proceeds from the Indus Towers stake sale

Vodafone to sell 10% stake in Indus Towers for up to $1.1 billion
Updated On : 18 Jun 2024 | 6:22 PM IST

Vodafone Idea seeks Rs 23,000 crore term loan to boost 4G and 5G rollouts

Telecom major Vi plans to invest Rs 50,000-55,000 crore over the next three years to enhance and strengthen its 4G connectivity and rollout 5G networks in key markets

Vodafone Idea seeks Rs 23,000 crore term loan to boost 4G and 5G rollouts
Updated On : 18 Jun 2024 | 10:46 AM IST