Vodafone Idea to opt for equity conversion during moratorium
Business | September 17, 2021 15:22 ISTVodafone Idea would opt for the equity conversion for interest payout during moratorium period.
Vodafone Idea would opt for the equity conversion for interest payout during moratorium period.
Troubled Vodafone Idea continued to lose mobile subscribers in June, ceding fresh ground to rivals Reliance Jio and Bharti Airtel which added 54.6 lakh and 38.1 lakh customers, respectively, in the fiercely-competitive Indian telecom market, according to monthly data by TRAI.
Shares of Vodafone Idea continued to tumble for the fourth consecutive day on Thursday and further plunged over 24 per cent.
Vodafone Idea share price, Vodafone Idea share news today: Vodafone Idea plunged 10.30 per cent to close at Rs 7.40 on the BSE and NSE.
According to official data, VIL had an adjusted gross revenue (AGR) liability of Rs 58,254 crore out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.
This round of auction will be held for 2,251.25 Megahertz (MHz) in seven frequency bands -- 700 Mhz, 800 Mhz, 900 Mhz, 1800 Mhz 2100 Mhz, 2300 Mhz and 2500 Mhz -- at a cumulative base price of Rs 3.92 lakh crore.
Shares of Vodafone Idea on Friday gained over 7 per cent after the company reported significant narrowing of losses to about Rs 7,218 crore for the September quarter, and said signs of recovery were visible with gradual improvement in economic activities.
Vi, formerly known as Vodafone Idea, has just announced the launch of the MyAmbar app. Here's how it works.
Although industry's overall wireless subscribers rose nearly 3.5 million in July -- the first month of such gains since February -- the total 'active subscribers' count in July actually fell 2.1 million, as per TRAI data.
Subscribers of Vodafone Idea in Maharashtra are facing connectivity issues since Thursday morning as a key site in Pune got flooded.
Telecom major Vodafone Idea Limited (VIL) on Tuesday announced that it has selected IBM Services to help it embrace open source at scale across the enterprise by implementing the big data platform on open source Hadoop framework.
Telecom regulator Trai has decided to drop proceedings against Vodafone Idea Ltd (VIL) in priority plan matter after the telco withdrew contentious claims on faster speed and modified its offering.
After Jio unveiled new postpaid plans with loads of benefits such as free Netflix, Amazon Prime, Disney Hotstar subscription among other benefits, the shares of telecom majors Bharti Airtel and Vodafone Idea Ltd (VIL) were under pressure on Wednesday.
The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, while Jio and Airtel are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. It further said another tariff hike of at least 20 per cent is probable in the next 12 months.
Vodafone Idea launched “Vi”, a new unified brand identity in India which will bet big on digital to attract customers and stem exits to rivals Bharti Airtel and Reliance Jio. Vodafone Idea, now VI, is renewing its focus after the AGR verdict a few days ago.
Shares of Vodafone Idea on Thursday zoomed nearly 30 per cent ahead of its board meeting on Friday to consider fund raising through various means. The stock jumped 26.74 per cent to close at Rs 12.56 on the BSE. During the day, it zoomed 29.96 pc.
The Vodafone Idea's stake-sale talks were paused because the outcome of a Supreme Court hearing on staggered payments of government dues was uncertain and could have threatened Vodafone Idea's survival.
Vodafone Idea Ltd on Thursday reported widening of net loss to Rs 25,460 crore in the June quarter after it made additional provisioning to pay past statutory dues, and said its ability to continue as going concern hinges on the Supreme Court allowing more time to pay dues.
The government may impose restrictions on private telecom operators to buy equipment from Chinese firms for projects in which they acquire public assets on a lease basis.
Vodafone Idea on Saturday said it has paid additional Rs 1,000 crore to the government towards the statutory dues, taking its total payment to an aggregate Rs 7,854 crore.
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