Vodafone Idea | The Asian Age

Tuesday, Apr 23, 2024 | Last Update : 06:50 PM IST

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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

Rhe wireless broadband subscriber base maintained strong momentum, demonstrating a growth of two per cent during the month of February. (Representational Image)

Wireless broadband subscriber base touches 532 mn in Feb: ICRA

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

24 Apr 2019 7:08 PM

"The funding reduces leverage for Bharti and Reliance but is inadequate for VodaIdea, in our view," it said. "With Jio focus remaining on subscriber addition, the market repair is still 12 months away."

Telecom market repair still some time away: Jefferies

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

24 Apr 2019 3:46 PM

Reliance Jio alone added 77.93 lakh customers, taking its total subscriber base to 29.7 crore at the end of February. (Photo: AFP)

Jio, BSNL drive telecom subscriber growth to 120.5 cr in Feb

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

18 Apr 2019 6:59 PM

Axiata's Vodafone Idea rights issue entitlement fully subscribed

"Axiata renunciation was fully subscribed on strong demand," said Vodafone Idea Chief Financial Officer Akshaya Moondra.

15 Apr 2019 7:48 PM

In its television commercials during the ongoing IPL season, Jio is shown 'Celebrating 300 million users.' (Photo: AFP)

Reliance Jio crosses 300 mn customers mark

The milestone was reached on March 2, sources said.

14 Apr 2019 4:45 PM

Vodafone Idea's Rs 25,000-crore rights issue opened on April 10 at a price of Rs 12.50 per equity share.

Axiata Group ‘renounces’ share entitlement in Vodafone Idea rights issue: sources

Axiata Group, which held 8.1 per cent (valued at Rs 3,771 crore) stake in the telecom major.

12 Apr 2019 12:11 PM

Vodafone Idea is in discussion to sell 1.56 lakh kilometre of optical fibre.

Voda Idea expects Indus Tower stake sale in 3-4 months for Rs 5500 cr

The company expects that the money raised from the stake sale in Indus Tower and the Rs 25,000 crore rights issue.

10 Apr 2019 8:34 AM

Vodafone Idea's Rs 25,000 crore rights issue will open on April 10.

Foreign investors may invest Rs 18,000 cr in Voda Idea rights issue: Report

Vodafone Idea cleared planned Rs 25,000-crore rights issue at Rs 12.50 per share, a steep 61 pc discount from market rate.

07 Apr 2019 4:59 PM

The total debt of Vodafone Idea stood at Rs 1,23,660 crore at the end of December 31, 2018. (Photo AFP)

Regulations in last 2 yrs against every telco except Jio: Vodafone CEO

Currently, in India, Vodafone operates as Vodafone Idea Ltd in partnership with Aditya Birla Group.

25 Feb 2019 7:20 PM

The decision of Vodafone to stop using Huawei equipment and adopting Nokia solution in Germany was only a business decision and it should not be misread Vodafone Chief Executive Officer Nick Read said. (Photo: File)

Reducing telecom vendors won't be healthy for industry, says Vodafone

In India, Vodafone's joint venture Vodafone Idea has partnered with Huawei for 5G trials.

25 Feb 2019 6:48 PM

An increase in number of subscribers for BSNL has come at a time when the government has asked the PSU to explore options, including shutting down operations, due to heavy losses. (Photo: AFP)

Only Jio, BSNL add mobile users in Dec, Voda Idea lost maximum: Trai

Reliance Jio added 85.64 lakh users, BSNL added 5.56 lakh customers to their network.

21 Feb 2019 2:08 PM

The regulator stopped short of recommending cancellation of their telecom licences saying it may lead to significant consumer inconvenience. (Photo: Twitter)

DCC to take call on Rs 3,050-cr penalty on Airtel, Vodafone, Idea on Thursday

The penalty on Airtel and Vodafone works out to about Rs 1,050 crore each, while in case of Idea Cellular it comes to about Rs 950 crore.

21 Feb 2019 2:07 PM

DCC defers decision on Airtel, Voda, Idea penalty to next meeting

The telecom watchdog Trai in October 2016 recommended imposing total penalty of Rs 3,050 crore on Bharti Airtel, Vodafone and Idea.

21 Feb 2019 1:50 PM

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Aakar Patel