Vodafone Idea | The Asian Age

Thursday, Feb 25, 2021 | Last Update : 10:49 PM IST

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While older TSPs such as Bharti Airtel and Vodafone-Idea have been talking of financial stress ever since they faced intense competition from free voice and dirt-cheap data from newcomer Reliance Jio, the matter has assumed greater importance after the October 24 judgment of the Supreme Court.

Vodafone Idea, Airtel shares jump by 8.5 pc amid financial bailout buzz

Indian government has created a panel to work out a financial bailout package that may include lowering of spectrum charges.

30 Oct 2019 12:25 PM

Airtel said it is approaching the Department of Telecom (DoT) to seek clarity on the total amounts involved and "request for their support to deal with this adverse outcome." (Photo: File | PTI)

Airtel defers Sept quarter results till Nov 14 citing AGR issue

The company was earlier scheduled to approve and release its Q2 numbers on Tuesday.

29 Oct 2019 11:36 AM

Led by the sharp fall in its shares, Vodafone Idea witnessed an erosion of Rs 3,792.58 crore from its market valuation which is now at Rs 12,442.42 crore.

Vodafone Idea shares crumble over 27 pc in intra-day trade after SC order

Vodafone Idea plummeted 23.36 pc to close at Rs 4.33 on the BSE. In intra-day, it tanked 27.43 pc to Rs 4.10 -- its 52-week low.

24 Oct 2019 5:03 PM

Vodafone Idea has been seeking two-year moratorium on its annual spectrum payment citing debt and stress on balance sheet.

Vodafone top brass meets telecom secy, seeks 2-yr delay on deferred spectrum payment

Kumar Mangalam Birla, head of Vodafone Idea, had sent an SOS to the government earlier also for deferring statutory payments.

30 Sep 2019 8:22 PM

Vodafone Idea's Q1 FY20 revenues fell by 4.3 per cent quarter-on-quarter, belying recent hopes of stability, according to a report by JM Financial Institutional Securities.

Vodafone Idea shares tank over 29 pc after Q1 earnings

The scrip which opened with nearly 3 per cent decline later saw relentless selling and tanked 28.4 per cent to Rs 6.60,

29 Jul 2019 1:37 PM

The revenue of Vodafone Idea for the June 2019 quarter fell to Rs 11,269.9 crore as against Rs 11,775 crore logged in the January-March 2019 quarter.

Vodafone Idea narrows Q1 loss to Rs 4,873.9 crore

The company had registered a loss of Rs 4,881.9 crore in the fourt quarter of 2018-19, Vodafone Idea Ltd said.

26 Jul 2019 6:37 PM

Digital Communications Commission, the apex decision-making body of DoT, last month, approved imposing penalty on Airtel and Vodafone Idea for not providing points of interconnection to Reliance Jio.

Telecom dept okays to Rs 3,050 cr penalty on Airtel, Vodafone Idea

TRAI its stand saying it is not in a position to modify its previously recommended penalty on the operators.

24 Jul 2019 6:28 PM

Established operators like Bharti Airtel, Vodafone Idea Ltd are in the midst of a bruising tariff war following the entry of Reliance Jio. (Photo: File | ANI)

Reliance Jio's Q1 net profit zooms 45.6 pc to Rs 891 crore

RIL statement said that Brookfield will invest Rs 25,215 crore into Tower InvIT.

19 Jul 2019 7:49 PM

Trai's latest data showed that Jio's adjusted gross revenue (AGR), or earnings from mobile phone services, rose 3.76 per cent sequentially to Rs 9,838.9 crore at the end of March 2019. (Photo: File | PTI)

Jio retains lead over older telcos in AGR for March quarter: Trai data

The teledensity in India declined from 91.45 as on December 2018 to 90.11 as on March 2019, Trai report said.

10 Jul 2019 8:24 PM

DCC has agreed to impose penalty on Airtel, Vodafone Idea for not providing points of interconnection to RJio.

DCC clears imposing penalty on Airtel, Voda Idea; seeks Trai view on fine amount

The penalty on Airtel and Vodafone works out to be about Rs 1,050 crore each.

17 Jun 2019 1:50 PM

Majority of our operators have indicated that 5G spectrum is far too prohibitively expensive and that their balance sheets can't afford this, said COAI Director General, Rajan Mathews. (Representational Images)

Price of 5G spectrum in India 30-40 pc higher than global rates: COAI

COAI chief said incentives should be build into the spectrum price, given that 5G services in country aim to serve social goals.

04 Jun 2019 4:25 PM

The overall tele-density in India declined to 90.11 at the end of March, from 91.86 in February.

Airtel, Vodafone Idea lose 30 mn customers; Jio adds 9.4 mn users in Mar

India's total wireless subscriber base fell to 1,161.8 million on March 31, 2019, shedding 21.87 million users over the previous month.

21 May 2019 7:46 PM

Jio is playing to be "India two player", Ambit Capital said adding that this severely impacts the ability of Vodafone Idea to enjoy the upsides of its rural subscriber base upgrading to smartphones.

Vodafone Idea lags Airtel, Jio in sequential revenue growth in Q4: Analysts

Vodafone Idea is looking to monetise investments in tower venture as well as fibre assets.

14 May 2019 9:13 PM

For the full FY2019, the company's loss stood at Rs 14,603.9 crore, while the revenue from operations was pegged at Rs 37,092.5 crore.

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.

14 May 2019 8:48 AM

Over the past few years, India's telecom market had become cut-throat where nearly a dozen players jostled for market share, pummelling the call rates to among the lowest in the world. (Representational Image)

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.

09 May 2019 5:21 PM

Vodafone and Idea last year merged their businesses to create India's largest telecom company to take on competition posed by Mukesh Ambani's Reliance Jio.

Vodafone pledges entire stake in Vodafone Idea with foreign banks

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

09 May 2019 2:14 PM

Earlier this week, telecom operator Bharti Airtel reported a surprise 29 per cent surge in March quarter net profit, aided by exceptional income gains.

See stability returning to telecom market by Q4 FY20: COAI

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

08 May 2019 6:05 PM

Reliance, once dependent on its industrial businesses, reshaped the Indian telecom industry when it launched its Jio telecom unit in 2016.

Global investors in talks to invest in Reliance Jio infra investment trusts: report

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

30 Apr 2019 12:38 PM

As per NSE data, bids for 1,109 crore shares were received by the rights issue, which was open between April 10 and April 24.

Vodafone Idea’s Rs 25,000-cr rights issue sails through

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

26 Apr 2019 6:37 AM

Market repair in the battered telecom sector is at least a year away as the disruptor Reliance Jio continues to focus on subscriber additions, Jefferies report said.

Vodafone Idea needs more fund in FY19 to finance spectrum repayments: Report

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

25 Apr 2019 7:42 PM

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K C Singh