Vodafone Idea Q4 loss at Rs 4,882 cr; co says strategic initiatives taking effect

The loss has narrowed from Rs 5,004.6 crore during the third quarter of 2018-19, aided by 3.4 per cent drop in total expenses.

Fund raising in telecom shows promoters' resolve despite structural issues: COAI

The industry has taken a responsible call to infuse fresh funds in 'some very adverse circumstances', said COAI chief.

Vodafone holds 44.39 per cent stake in Vodafone Idea which at Thursday's trading price is worth over Rs 18,000 crore.

Telecom operators will look at getting more offerings like content, e-commerce and financial services.

Reliance aims to get at least five investors on board, with some joining the conglomerate’s board, the report added.

The country's largest telecom operator offered 2,000 crore new shares at Rs 12.50 apiece.

Vodafone Idea is in the process of raising Rs 25,000 crore through a rights issue.

The wireless subscribers increased to 1,183.7 million in Feb 2019, adding 1.7 million subscribers over the previous month.

This fiscal will see equity fund-raising of over Rs 1 lakh crore led by separate rights by Vodafone-Idea and Bharti Airtel.

Reliance Jio and BSNL added 86.39 lakh mobile subscribers but other telecom operators jointly lost 69.93 lakh customers.