vi
Vi rolls out annual plans with unlimited data usage from midnight till noon everyday
Vodafone Idea launched annual prepaid plans priced at Rs 3,599, Rs 3,699, and Rs 3,799. These offers include unlimited data from midnight to noon, in addition to the daily 2GB data limit. The Rs 3,699 plan includes Disney+ Hotstar, while the Rs 3,799 plan offers Amazon Prime Lite. These plans are available in several states.
DoT seeks clarity from Trai on encashing telcos’ BGs to recover spam penalties
The communications ministry is seeking clarity from Trai on which licence clauses can be invoked to encash telcos' bank guarantees for recovering fines related to spam. The ministry's future action depends on Trai's response, highlighting a regulatory gap with no specific clause addressing unsolicited commercial communications.
Bank guarantee waiver will ensure 4G/5G network growth: Vi
The government's decision to waive bank guarantees needed for past spectrum auctions supports the telecom industry, enabling better utilization of banking resources for expanding 4G and 5G networks. This relief, mainly benefiting Vodafone Idea, amounts to Rs 24,800 crore and is expected to facilitate much-needed funding for the company's infrastructure improvements.
Vodafone UK’s Rs 2,000 cr capital infusion to help Vi settle Indus dues faster: Analysts
Vodafone Group's infusion of capital into Vodafone Idea (Vi) from the sale of its Indus Towers stake will help the Indian telecom joint venture clear its dues to Indus Towers more quickly, potentially within 1-2 quarters. Vi has been repaying its dues regularly, and the infusion could accelerate this process.
Vi Inks three-year deal network gear pact with Tejas
Tejas Networks secured a three-year contract with Vodafone Idea (Vi) to provide backhaul equipment for Vi's 4G and 5G networks. This marks Tejas Networks' first deal with a private telecom carrier in India. Vi aims to enhance its network capacity and performance using Tejas's equipment as it expands its 4G and 5G rollout.
Vi deploys AI-based spam detection solution
Vodafone Idea has implemented an AI-based solution to identify and flag spam messages for its users. The system has already flagged over 24 million spam messages. It aims to protect customers from potential scam attempts by learning from patterns in data. Bharti Airtel also launched a similar solution to detect spam messages and calls earlier.
Vodafone Idea a big winner as Cabinet okays bank guarantee waiver: What you need to know
The Indian government waived bank guarantees for telecom spectrum payments due before 2022. This move provides significant relief to Vodafone Idea, Airtel, and Jio, freeing up funds for network improvements. Vodafone Idea, facing financial difficulties, benefits the most with Rs 24,700 crore relief. This decision boosted telecom stocks, particularly Vodafone Idea's.
Vodafone to sell its 3% stake in Indus Towers for over $300 million
Vodafone Group is selling its remaining 3% stake in Indus Towers for over $300 million. The proceeds will be used to repay debt and inject fresh equity into its struggling Indian telecom joint venture, Vodafone Idea (Vi), to help clear dues owed to Indus Towers. Airtel is a potential buyer of the stake.
In relief to Vi, DoT changes bank guarantee waiver terms
The Department of Telecommunications has softened the bank guarantee waiver rules for spectrum auctions held before 2022, easing the financial burden on telecom companies, including Vodafone Idea. Telecom operators can now avoid paying an additional amount for three months in advance. This change is expected to help Vodafone Idea secure more credit and improve its financial position.
Reliance Jio, Airtel and Vodafone Idea: What Fitch predicts about Indian telcos' 5G era
India’s telecom industry is set to see stronger cash flows as it transitions to 5G. Reliance Jio and Bharti Airtel are expected to benefit most, with rising ARPU and reduced 5G-related expenditures. Vodafone Idea faces challenges due to its need for fresh capital to stay competitive and expand its 5G network.
Airtel inches closer to Jio in revenue market share in Q2, Vi's hits record low
Airtel's revenue market share is closing in on Jio's, shrinking the gap to just over 300 basis points in Q2FY25. Airtel gained share in 21 of 22 circles, benefiting from strong urban and rural performance, while Jio's gains are expected to lag due to its long-validity recharge subscriber base. Vodafone Idea's market share, meanwhile, plummeted to a record low.
Not received intimation on BG waiver yet: Vodafone Idea
Vodafone Idea (Vi) clarified that it hasn't received official communication from the Department of Telecommunications (DoT) regarding the waiver of bank guarantees for deferred spectrum payments. Although the cabinet approved the waiver, Vi awaits confirmation. This decision would significantly benefit Vi, which faced a substantial bank guarantee requirement, and positively impact Bharti Airtel and Reliance Jio.
Airtel beats Reliance Jio & Vodafone Idea in revenue share gains for Q2
Bharti Airtel emerged as the sole gainer in revenue market share among major Indian telecom companies in the second quarter of the fiscal year. This gain was driven by industry-wide tariff increases and strong growth in mobile broadband and postpaid users.
Jio, Airtel, Vi continue to suffer customer losses for a third time
India's top telcos Jio, Airtel and Vodafone lost millions of wireless customers in September. This happened for the third consecutive month. BSNL, on the other hand, gained subscribers. BSNL added close to a million subscribers as it did not increase its tariffs. Jio remained the biggest mobile operator despite losing the largest number of subscribers.
Banks seek more collateral for Vi LCs, putting its upgrade plans in jeopardy
Vodafone Idea's network upgrade plans face potential delays as banks demand additional collateral for issuing letters of credit to equipment suppliers. Despite claims of sufficient funds for the fiscal year, banks remain cautious due to Vi's substantial debt, including AGR dues. This situation could hinder Vi's ability to compete effectively with rivals like Jio and Airtel.
Bank guarantee waiver removes key impediment to Vi’s pending debt-raise: Axis Capital
Vodafone Idea (Vi) is set for a major boost after the Indian government waived bank guarantees for spectrum purchases. This move is expected to pave the way for Vi's crucial Rs 25,000 crore debt fundraising, vital for network expansion and 5G rollout.
Vi board meet on Dec 9 to consider upto Rs 2000 cr capital raise by share issue to co-promoter Vodafone
The late night exchange filing came even as UK’s Vodafone announced plans earlier today plans to invest a portion of its residual 3% Indus Towers stake sale proceeds in Vodafone Idea (Vi) against fresh shares to help its Indian telecom joint venture with the Aditya Birla Group clear a portion of its old dues to Indus.
Tariff hike aids Vi ARPU, but loss widens on user exits
Vodafone Idea reported a larger loss in the second quarter of FY25. The loss increased to ₹7,176 crore from ₹6,432 crore in the previous quarter. The company experienced a decline in customer base and high interest costs. Revenue increased due to a tariff hike in July. Vi lost 0.8 million 4G subscribers and a total of 5 million users.
Vodafone Idea's debt funding plan could face more delay: CEO Akshaya Moondra
Vodafone Idea needs funds for 4G and 5G expansion. Banks are hesitant to lend until there is clarity on AGR dues. The telecom operator awaits government response on potential relief measures. Vodafone Idea has already secured ₹24,000 crore in equity funding. The company plans to invest in network expansion and 5G rollout in key markets by the fourth quarter.
Nokia ramping up Vi’s 4G network to boost customer experience
Nokia is partnering with Vodafone Idea (Vi) to significantly expand its 4G network in India. The Finnish company will deploy 3,300 new sites by March 2025, boosting Vi's coverage and data capacity. This expansion is part of a larger agreement between the two companies to enhance Vi's network infrastructure and prepare for a 5G rollout.
Nokia to roll out 3,300 new 4G sites by March for Vi expansion
Nokia will deploy 3,300 new 4G sites for Vodafone Idea by March 2025. Nokia is one of the three vendors selected by Vodafone Idea for a network equipment supply deal. The deal is worth USD 3.6 billion over three years. Nokia will deliver nearly 3,300 new sites and upgrade over 42,000 technology sites.
Vi's turnaround at risk after plan to raise ₹25,000 crore debt hits a snag
Vodafone Idea's financial turnaround is in jeopardy as its ₹25,000 cr debt-funding plan faces delays following the Supreme Court's AGR ruling. The delay has raised concerns about Vi's ability to invest in 4G and 5G expansion, crucial for competing with rivals Jio and Airtel. Analysts predict government intervention, including converting dues into equity, to prevent a collapse.
Customers consuming more should pay more, subs loss to BSNL reversing quickly: Vi official
Vodafone Idea's CEO, Akshaya Moondra, has called for further tariff increases in the Indian telecom sector. He argued that customers with higher data consumption should bear a larger share of the cost to ensure industry profitability and widespread connectivity. This statement comes despite Vodafone Idea, alongside other major operators, experiencing subscriber loss to BSNL following a recent tariff hike.
Vi to raise its marketing budget ahead of 5G launch
Vodafone Idea is increasing its marketing budget for the next two months to boost awareness for its upcoming 5G services launch and regain subscribers. The recent ₹24,000-crore equity funding will aid in enhancing their 5G narrative and service quality, despite not reviving iconic legacy campaigns.
Airtel seeks level playing field as DoT considers Vi’s request to waive bank guarantees
Bharti Airtel has urged the Department of Telecommunications (DoT) to ensure equal treatment for all telecom operators regarding the potential waiver of spectrum bank guarantees. This comes as the government reviews Vodafone Idea's (Vi) request for a waiver, citing financial difficulties.
Elder Scrolls 6: New Release Prediction Sparks Disappointment Among Fans
The Elder Scrolls 6 fans are feeling disheartened after a new release date prediction for the highly anticipated game.
Except for BSNL, telcos Jio, Airtel and Vi lose subscribers due to tariff hikes in August
Reliance Jio, Bharti Airtel, and Vodafone Idea suffered significant subscriber losses in August due to a sharp tariff hike in July, according to TRAI data. Jio lost 4.01 million subscribers, Airtel lost 2.4 million, and Vodafone Idea lost 1.8 million. In contrast, BSNL gained 2.5 million subscribers.
Vi enters CCaaS partnership with US' Genesys
Vodafone Idea (Vi) has entered the contact-centre-as-a-service (CCaaS) industry through a partnership with US-based Genesys. This collaboration aims to offer Indian businesses a cloud-based platform for managing customer interactions across multiple channels, enhancing efficiency using AI and Cloud technology while ensuring data residency.
Vodafone Idea in talks with DoT to remove need for bank guarantees
Vodafone Idea is in talks with the Department of Telecommunications to waive bank guarantee requirements for spectrum acquired before 2022. The company needs to submit guarantees worth over Rs 24,700 crore in the upcoming months. Similar waivers could benefit competitors Reliance Jio and Bharti Airtel.
Vi set to launch 5G by March, starting with Delhi, Mumbai
Vodafone Idea plans to launch 5G services in 17 circles by March 2025, starting with Delhi and Mumbai. The telecom operator also aims to expand its 4G coverage to reach 90% of India's population by June next year. These efforts are part of a revival plan funded by ₹24,000 crore.
DoT sends notice to Vi for not submitting bank guarantees
The Department of Telecommunications has issued a notice to Vodafone Idea for failing to submit bank guarantees for past spectrum auction dues. Despite initial rejections, a waiver is being reconsidered due to Vi's financial situation and recent reforms, potentially benefiting other companies as well.
Vodafone Idea counts on govt after AGR debacle with 'fresh dialogue'
Vodafone Idea has started new discussions with the government following an unfavorable Supreme Court decision on the re-computation of Adjusted Gross Revenue (AGR). Despite this setback, CEO Akshaya Moondra stated that the company's long-term business plans remain unchanged. The telco owes Rs 2,03,430 crore to the government as of March 31, 2024.
GTA 6 release date: When can gamers play Grand Theft Auto VI?
GTA 6 release date is currently top trending topic as gamers are eager to play Grand Theft Auto VI.
Tariff hikes could bring good & bad news for telcos
Bharti Airtel is likely to see stronger sequential revenue growth in Q2FY25 compared to Reliance Jio and Vodafone Idea. Recent rate hikes benefit all three private telcos, though subscriber losses are expected. Airtel's user losses are anticipated to be minimal due to its lower base of price-sensitive customers.
Vodafone Idea inks network deal worth ₹14K cr with Ericsson
Vodafone Idea (Vi) signs a ₹14,000 crore deal with Ericsson to procure 4G and 5G equipment over three years. Ericsson will supply base stations for key regions and enhance Vi's 4G and 5G services, helping the telco improve network performance and competitiveness against major rivals.
Cash-strapped Vodafone Idea snags $3.6 bn network gear deal with Nokia, Ericsson & Samsung
Vodafone Idea has finalized a $3.6 billion deal with Nokia, Ericsson, and Samsung to supply network equipment over the next three years. This agreement is part of a broader $6.6 billion capital expenditure plan aimed at expanding 4G coverage from 1.03 billion to 1.2 billion, launching 5G in key markets, and enhancing capacity to meet growing data demands.
Setback for Vi, Airtel as SC rejects pleas on AGR dues
The Supreme Court has dismissed curative petitions by telecom companies like Vodafone Idea and Bharti Airtel, seeking relief from penalties and interest on adjusted gross revenue (AGR) dues. This decision leaves the telcos with no further legal options, impacting their financial stability and market performance.
New TRAI rule to come into effect from October 1. Here's what it means for Jio, Airtel, and Vi users
TRAI has introduced a new rule requiring telecom companies to provide information about network availability on their websites. This helps users check which networks are available in their area. Additionally, TRAI is cracking down on spam calls by blocking unregistered telemarketers and considering higher tariffs for excessive calls and messages.
Nokia selected by Vodafone Idea as major 4G & 5G partner in India
On Saturday, Nokia announced it has been selected by Vodafone Idea (Vi) as a major partner for 4G and 5G in India. This announcement follows Vi's recent $3.6 billion deal with Nokia, Ericsson, and Samsung for network equipment over three years. Vi, which has raised ₹24,000 crore by selling shares, aims to implement a ₹55,000 crore capital expenditure plan to expand 4G coverage and launch 5G in key markets.
King Charles breaks royal tradition to deliver Christmas message from former hospital chapel
In a significant departure from tradition, King Charles III will deliver his Christmas message from the Fitzrovia Chapel in London this year. This marks the first time the address will not be recorded at a royal residence since 2006. The change follows the monarch's ongoing treatment for cancer, which has also been a part of a challenging year for the royal family. The King's speech will air on Christmas Day at 3pm GMT, focusing on national and personal challenges and the importance of community support.
Vi set to ink ₹16,500-crore network gear deals with Ericsson, Samsung
Vodafone Idea will finalize deals with Ericsson and Samsung worth ₹16,500 crore this week. These deals will be for 4G and 5G network expansion. Ericsson will supply equipment for 10 circles, while Samsung will handle three circles. Vi recently signed a major deal with Nokia as well. These contracts aim to enhance Vi's market competitiveness.
Bankers do a rethink on loans to Vi after SC rejection of AGR dues plea
The Supreme Court's rejection of Vodafone-Idea's curative petition on adjusted gross revenues has made banks hesitant to lend to the company. With liabilities now significantly increased, lenders are reassessing their positions. Private banks are cautious, while public sector banks may require a corporate guarantee from the Aditya Birla Group.
From international calls to messages, telcos see minefield in govt’s draft data rules
Top telecom companies and legal experts expressed concern over new draft data protection rules, highlighting potential problems with international calls and data localization. They warn these rules could increase operational challenges and compliance costs, as well as raise security risks and privacy concerns.
Vi finds friends in Jio & Airtel for demand on AGR dues during meet with Scindia
Telecom operators met with communications minister Jyotiraditya Scindia to discuss adjusted gross revenue dues and calculation errors. They also urged for the continuation of existing license agreements and sought regulatory control over OTT communication players. Vodafone Idea and Bharti Airtel face significant AGR dues, while Reliance Jio remains unaffected.
Big blow for telcos as SC rejects AGR re-computation plea; Vi shares crash
The Supreme Court has dismissed pleas by telecom giants Vodafone Idea and Bharti Airtel to re-compute Adjusted Gross Revenue (AGR) dues. The companies sought corrections in the AGR calculations, a penalty reduction, and interest rate adjustments. Vodafone Idea's burden has now increased to Rs 70,320 crore as of FY24.
Vodafone Idea slapped with Rs 73-cr GST demand, penalty orders
Vodafone Idea has been issued demand orders from various GST offices to pay over Rs 73 crore for alleged tax shortfalls and excess input tax credit claims. The company disputes the demands and intends to seek rectification or reversal of the orders, according to a regulatory filing.
Vodafone Idea likely to sound war bugle with 5G march
Vodafone Idea (Vi) aims to launch 5G mobile broadband service in March 2025 with competitively priced plans. Vi will initially roll out 5G in India's top 75 cities, focusing on industrial hubs and high data usage zones. The company plans to enhance 4G coverage and invest in dealer commissions to attract customers from Reliance Jio and Bharti Airtel.
Telecom industry posts 6.75 per cent AGR Growth in Q2 FY25 driven by tariff hikes, data surge
The telecom industry experienced 6.75% growth in AGR, reaching Rs 75,310 crore for the July-September 2025 quarter due to tariff hikes and higher data usage. Monthly ARPU from wireless services rose 9.60% to Rs 172.57. The internet user base slightly increased to 971.50 million. License fees collected by the DoT also climbed to Rs 6,023 crore.
Vodafone Idea dials PFC, REC for funding needs; funds required to meet 3-yr capex & maintenance costs
Vodafone Idea has approached state-owned lenders Power Finance Corp. and REC Ltd for loans to cover a ₹25,000 cr funding gap. The funds are needed for capital expenditure and maintenance over the next three years. Discussions are also ongoing with the State Bank of India for partial funding.
Vodafone Idea sees user churn dropping from Q4
Vodafone Idea (Vi) anticipates a reduction in its monthly subscriber churn rate, currently at 4%, starting from the fiscal fourth quarter. This improvement is expected as the company begins addressing 4G coverage gaps with its ongoing capital expenditure (capex) plans.
Bank guarantee waiver to aid Vodafone Idea's debt raise efforts: Citi
Vodafone Idea shares rose over 7% after the government waived the need for bank guarantees. This move will help the telco raise further funds and also benefit its vendor Indus Towers. The waiver, which applies to past spectrum auctions, is critical for Voda Idea as it seeks to improve 4G coverage and roll out 5G services.
Govt waives bank guarantees for past spectrum auctions; letters sent to Vodafone-Idea, Reliance Jio and Bharti Airtel
Vodafone-Idea, which is yet to roll out 5G services, now no longer needs to submit these bank guarantees, and the Centre’s decision now opens the space for lenders to extend much-needed credit to the struggling telco. It urgently needs funding to ramp up 4G coverage and roll out 5G soon to catch up with bigger rivals Jio and airtel. The loss-making telco had previously said lenders were not willing to furnish the additional guarantees, given its financial stress.
Vodafone Idea revenue market share hits all-time low in Q1 FY25
Vodafone Idea's revenue market share has dropped to a record low of 15% in the fiscal first quarter, losing ground to Reliance Jio and Bharti Airtel. Experts believe the recent Rs 24,000-crore equity fundraise could help Vi improve its 4G coverage and roll out 5G services, enhancing its competitive position.
Jio, Airtel, Vi record customer loss post tariff hike, BSNL becomes only gainer in July
In July, major telecom operators like Reliance Jio, Bharti Airtel, and Vodafone Idea saw a decline in their customer base due to a hike in mobile service tariffs. State-run BSNL was the only player to add new subscribers. The overall telecom subscriber base in India slightly decreased, while the fixed-line and broadband segments saw growth.
Airtel to refarm spectrum for 5G expansion
Bharti Airtel adopts a spectrum optimization strategy by refarming 4G spectrum in the 2300 MHz, 1800 MHz, and 900 MHz bands to enhance 5G coverage and capacity in rural regions by 2025. The strategy includes cost-efficient software upgrades of existing 4G base stations to emit 5G signals, avoiding the higher costs of new 5G base stations operating on C-band spectrum.
Vodafone Idea sees rise in subscribers port-outs after tariff hikes: CEO Akshaya Moondra
Vodafone Idea (VIL) is experiencing a rise in subscribers porting out to Bharat Sanchar Nigam Ltd (BSNL) following recent tariff hikes. VIL CEO Akshaya Moondra believes that quick decisions to port out purely based on tariff action may not sustain, given the 4G coverage offered by VIL. The recent tariff hikes have led to a fair amount of arbitrage, and VIL is closely monitoring the situation.
Govt selling stake in Vodafone Idea? Here's what the telco has to say
Vodafone Idea (VIL) has denied that it has received any communication from the government regarding its stake in the telco, despite reports suggesting that sovereign funds may be interested in offloading its stake. CEO Akshaya Moondra stated that the company has seen port-outs by users to BSNL increase since tariff hikes were imposed, and is closely monitoring the situation.
Vodafone Idea's ARPU improves to Rs 146 in Q1 of FY25; up 4.5% YoY
Indian telco Vodafone Idea reported a 4.5% increase in Average Revenue Per User (ARPU) in Q1 FY25, thanks to a change in entry level plans and subscriber upgrades. The 4G subscriber base also showed steady growth, reaching 126.7 million by Q1 FY25, bringing the total to 210.1 million.
Telcos call Trai's plan to split data, voice packs as 'regressive'
Telecom companies in India have criticised Trai's mandate for voice and SMS-only tariff packs, arguing it could hinder upgrades to 4G and 5G networks and deter 2G users from data services, thereby affecting access to digital initiatives. They believe it contradicts the move towards a data-centric Digital India.
MTNL approves reduction in employee cost by offering Voluntary Retirement Scheme
Mahanagar Telephone Nigam has approved a Voluntary Retirement Scheme (VRS) aimed at reducing employee costs, modeled substantially on the Gujarat Model with a lower ex-gratia ceiling. Employees aged 45 and above can opt for this scheme. The initiative is intended to streamline the organization and decrease staff expenses, according to the company's exchange filing.
COAI flags burdensome QoS norms, calls for regulation of OTT players
Telecom operators contend proposed QoS norms are overly burdensome, highlighting challenges like RoW issues, spectrum interference, and infrastructure constraints. COAI emphasizes the need for OTT regulation and fair contribution mechanisms, while noting the significant 5G expansion with millions of new users and FWA services emerging as a key use case.
TRAI mandates voice and SMS-only tariff packs for price-conscious consumers, impacting ARPU growth
Price-sensitive mobile users can now opt for voice and SMS-only packs as mandated by Trai, benefiting 150 million remaining 2G users, dual SIM owners, the elderly, and rural residents. Despite private carriers' opposition, this move may slow down migration to 4G and 5G, impacting ARPU growth.
Stop overpaying! Indians can soon buy only voice, SMS recharge vouchers
Trai has amended tariff rules to require mobile service providers to offer a separate plan for voice calls and SMS for customers who do not use data, removing the 90-day cap on special recharge coupons and extending it to up to 365 days. The new rules cater to users who need only voice and SMS services.
GTA 6 release date, platforms, system requirements, trailer 2: Has Grand Theft Auto VI been cancelled by Rockstar Games?
GTA 6 release date on multiplatform, system requirements, trailer 2 details have become a trending subject as gamers' wait for Rockstar Games' Grand Theft Auto VI grows.
Jio adds more active users than Airtel in Oct, but the Sunil Mittal-led telco leads on 4G/5G user gains: Trai
In October 2024, Reliance Jio gained more active users than Airtel, but Airtel led in attracting high-paying 4G/5G users. Vodafone Idea continued to struggle, losing both active and 4G users. Jio's overall subscriber base shrunk as inactive users were removed, while Airtel's grew. Jio also extended its lead in the landline market.
Vi's capex will depend on ability to raise more funds, says Fitch.
Vodafone Idea (Vi) plans to increase capital expenditure on its network to stay competitive with larger rivals Reliance Jio and Bharti Airtel, but its ability to invest will depend on raising additional capital, according to Fitch Ratings.
Telcos face new fines over failure to curb spam calls
India's telecom regulator, TRAI, has fined major telecom operators around ₹12 crore for failing to curb spam calls, adding to previous unpaid penalties totaling ₹141 crore. The operators argue they shouldn't be solely responsible, pointing to OTT platforms and businesses also contributing to the problem.
Sub-Rs 10,000 category 5G phones set to ring loud and clear in New Year
Entry-level 5G smartphones are poised for a surge in India by 2025, driven by sub-₹10,000 devices and discounted older models. Increased 5G adoption and network expansions are fueling upgrades, with projections of 43% 5G smartphone penetration. While 4G remains dominant in the sub-₹7,000 segment, 5G is capturing the higher budget market.
Indus Towers shares gain 5%, Voda Idea drops 2% amid Rs 2,800 crore block deal
Indus Tower Share Price: Vodafone has fully exited Indus Towers via a Rs 2,800 crore block deal, causing Indus Towers' shares to rise while Vodafone Idea's dipped. Vodafone will use the proceeds to repay debt and potentially invest in Vodafone Idea, which plans a Rs 2,000 crore fundraise.
Vodafone PLC to sell 3% stake in Indus Towers to repay Vi debt
Vodafone PLC announced the sale of its remaining 3% stake in Indus Towers on Wednesday, with proceeds to be used to repay Vodafone Idea's debt. The funds will primarily cover a $101 million loan, secured against Vodafone's Indian assets.
Telcos to soon get bank guarantee waiver letters
The Department of Telecommunications (DoT) is set to issue bank guarantee (BG) waiver letters to telecom operators, offering significant relief to Vodafone Idea (Vi). This move, awaiting final approval from the communications minister, will waive over ₹24,700 crore in BGs for Vi, enabling the telco to secure loans for network expansion and 5G rollout, boosting competition against rivals.
Airtel CEO Vittal writes to heads of Jio, Vi, BSNL & Tata Tele, wants cos to share details of corporate connections
Indian telecom operators are exploring collaboration to tackle spam calls and messages. Bharti Airtel CEO Gopal Vittal has suggested sharing corporate connection details among rivals like Reliance Jio and Vodafone Idea to monitor misuse. This initiative follows government directives aimed at reducing unsolicited commercial communications and emphasizes collective responsibility in addressing the issue.
Vodafone Idea Q2 Results: Loss narrows YoY to Rs 7,176 crore; revenue up 2%
Vodafone Idea Q2 FY25 Results: Vodafone Idea has narrowed its losses to Rs 7176 crore in the September quarter, compared with Rs 8738 crore in the same quarter of last year.
Accenture get CCI's nod to acquire stake in Vodafone's arm
Accenture's acquisition of a stake in Vodafone Shared Operations received clearance from the Competition Commission of India. VSOL offers shared services to Vodafone. Mitsui & Co (Asia Pacific) also gained approval for acquiring equity in MTC Business Pvt Ltd. These approvals aimed at promoting fair competition and curbing unfair business practices.
Vi may diverge from rivals on 5G, likely to price it cheaper
Vodafone Idea may offer lower 5G service prices than rivals Jio and Airtel, according to CEO Akshaya Moondra. While exact launch dates remain undisclosed, the company is finalizing 5G rollout plans. Vi expects some revenue boost from recent tariff hikes, even as some users migrate to BSNL due to increased prepaid rates.
Equity funding helps Vi clear its entire ₹700 cr statutory dues for Q1
Vodafone Idea (Vi) has settled its ₹700 crore statutory dues for the April-June quarter, marking the first time in over two years the telecom operator has met its obligations on time. The payment includes licence fees and spectrum charges, a significant improvement from past partial repayments. Boosted by recent equity funding, Vi's cash reserves rose to ₹18,150 crore as of June 30. The company is in discussions with banks to secure up to ₹25,000 crore in debt and has begun securing network deals for 5G and 4G upgrades.
Air Pollution: Classes VI-IX, XI in Delhi, Gurugram, Faridabad, Ghaziabad & Noida to run in hybrid mode
Delhi's worsening air quality, reaching 'Severe+' under GRAP, has forced schools in Delhi-NCR to adopt hybrid learning for grades VI-IX and XI. This extends earlier measures for younger students, implemented as the AQI deteriorated to 'very poor'. Vehicle restrictions are also in effect, banning non-compliant petrol and diesel vehicles.
A 4G boost for struggling Vodafone Idea as extra waves freed in key band
The Department of Space allocated an additional 20 MHz spectrum in the 2500 MHz band for mobility, aiding Vodafone Idea (Vi) by offering a contiguous block for better 4G services. The harmonisation facilitates future auctions, which could attract interests from operators like Vi or BSNL for the enhanced spectrum portfolio.
Vi expands L900 technology in Kolkata to enhance network infrastructure
Vi has also acquired additional spectrum in the recently concluded spectrum auction, committing Rs 31 crore for 0.4Mhz of spectrum in the 900 Mhz band in Kolkata Circle and Rs 376 crore for 7.6 Mhz of spectrum in the 900 Mhz band in West Bengal Circle.
Indus Towers' trade receivables to stabilise depending on Vi's payment clearance
Indus Towers' management foresees a delay in stabilising trade receivables, dependent on Vodafone Idea's clearance of past dues. Receivables dropped 11.3% to Rs 5,722 crore in Q1 with improved Vi collections but no fixed timeline yet. Indus CFO mentioned ongoing payment plan discussions with Vi. Indus initiated a share buyback, excluding major stakeholder Bharti Airtel; Indus reported a 43% YoY profit increase in Q1 FY25 driven by Airtel's 5G rollout and Vi overdue recoveries.
Gulf Oil renews partnership with Piaggio India for co-branded lubricants till 2030
Gulf Oil and Piaggio India have extended their exclusive lubricant partnership until 2030. This renewed agreement covers factory fill, workshops, and retail, including BS-VI oils and EV fluids, for Piaggio's vehicles in India and select export markets. Both companies aim to leverage growth in the commercial and electric vehicle sectors.
VST Industries shares jump 4% on sale of immovable property for Rs 101 crore
VST Industries, a company partially owned by Radhakishan Damani, saw its shares rise 4% after announcing the sale of its Hyderabad property for ₹101.7 crore. The buyer is not affiliated with the promoter or promoter group. Despite the recent surge, the stock has experienced declines over the past six months.
Vi follows Jio, Airtel to raise tariffs; new plans effective July 4
Vodafone Idea has launched new plans for prepaid and postpaid customers starting July 4, 2024, following Jio and Airtel's footsteps. The changes are minimal, aligning higher prices with increased usage, and Vi aims to provide simple, comprehensive plans.
SAR Televenture signs pact to deploy 4G sites for Vodafone Idea
The deal is part of Vi's larger network expansion plan, "for which they have started locking-in vendors", SAR MD Rahul Sahdev told ET. "We are aiming for a deeper partnership with Vi as there is no operational hitch after the company concluded fundraising recently."
Vodafone Idea offers to clear remaining Nokia dues of Rs 1,500 crore
Vodafone Idea plans to settle its remaining ₹1,500 crore dues to Nokia by December 2025 through cash installments. Earlier, Vi issued equity shares to Nokia to clear half of its ₹3,000 crore debt. Despite payment delays, Vi is negotiating with Nokia, Ericsson, and Samsung for network equipment.
Subscribers return to private telcos amid BSNL's network challenges
Mobile users are switching back to private telcos like Airtel and Jio. BSNL gained subscribers after the July price hikes. However, its network issues are driving users away. BSNL's 4G rollout is slow, and 5G is absent. Airtel and Jio are regaining their lost customers. BSNL's competitive pricing is not enough to retain users.
SC to mull listing of Vi's curative petition on AGR dues
The Supreme Court will soon decide on the listing of Vodafone Idea Ltd's curative petition related to adjusted gross revenue (AGR) dues. The company's new backers are seeking to know its exact liability towards AGR dues, citing DoT's errors in computing the final demand. The apex court had previously rejected Vodafone Idea's petition for rectification of alleged errors in the calculation of AGR dues payable by the company.
Airtel and Jio expected to log steady growth, Vi may falter
Reliance Jio and Bharti Airtel are expected to show steady growth in the June quarter, driven by strong broadband user additions, while Vodafone Idea (Vi) is likely to experience a dip in revenue due to ongoing customer losses. Airtel is anticipated to outperform Jio in terms of average revenue per user (ARPU) due to 2G-to-4G conversions and rising postpaid adoption. Vi's ARPU is expected to remain stagnant amidst limited 4G user gains.
Vi completes minimum 5G rollout requirements
Vodafone Idea (Vi) has announced completion of its Minimum Rollout Obligations (MRO) across all 17 circles where it acquired 5G spectrum in August 2022. This step is essential for commencing 5G services, although Vi has yet to announce detailed rollout plans due to financial constraints. Unlike its competitors Reliance Jio and Bharti Airtel, which have almost completed nationwide 5G rollouts, Vi plans to gradually expand its network starting with equipment orders to vendors like Nokia and Ericsson.
Jio leads in user growth & market share, Airtel expands 4G, 5G base; Vi continues to struggle: Report
In June 2024, Reliance Jio significantly outpaced Bharti Airtel in adding new active users, with Jio gaining nearly 4 million compared to Airtel's 0.67 million. However, Airtel added more higher-paying 4G and 5G users, while Vodafone Idea (Vi) continued to lose active users but saw some gains in 3G and 4G users.
Vodafone Idea acquires Rs 3,510 crore worth of airwaves in 11 circles
India's Vodafone Idea has spent Rs 3,510 crore to acquire 50MHz of spectrum in 11 circles, strengthening its 4G portfolio and launching 5G services. The acquisition will enable the use of dedicated sub-GHz spectrum for advanced technologies and customer experience. Vodafone Idea has also held 5G trials in three network circles using Samsung's virtual Radio Access Network (vRAN) solutions.
UK's Vodafone sells 3% Indus stake in multiple block deals for Rs 2,801.7 crore; Morgan Stanley, BoFA, Blackstone, Kotak MF among buyers
Vodafone sold its final 3% stake in Indus Towers for Rs 2,801.7 crore. Multiple global investors purchased the shares. Vodafone will use some proceeds to repay debt. The remaining amount will be invested in Vodafone Idea. This investment will help Vodafone Idea pay its dues to Indus Towers. Vodafone Idea's financial health is crucial for Indus Towers.
Amid delays in clearing dues, Vodafone Idea confident of support from operational creditors
Vodafone Idea (Vi) remains optimistic that its operational creditors, including network equipment suppliers Nokia and Ericsson, as well as tower vendor Indus, will maintain their support despite payment delays. Vi expects its forthcoming 4G and 5G initiatives to generate new business opportunities for these partners. According to Bharti Airtel chairman Sunil Mittal, Vi must settle all outstanding dues with Indus to continue using the tower company’s infrastructure for future services like 5G.
DoT issues demand notices to Airtel, Vodafone Idea, and Reliance Jio for 5G spectrum payments
In India’s second 5G airwaves sale that concluded June 26, Bharti Airtel was the biggest spectrum buyer, lapping up 97 MHz of 5G airwaves worth Rs 6,856.76 crore. Vi was the second-biggest buyer, acquiring 30 MHz of 5G spectrum for Rs 3,510.40 crore. Telecom market leader Reliance Jio bought a modest chunk of 5G airwaves worth Rs 973.62 crore, its lowest-ever in an auction.
Arcane Season 2 Part 2: Here’s release date, time, where to watch and upcoming episode schedule
Arcane Season 2 Part 2 returns with Episodes 4-6 on November 16, 2024, available on Netflix. The new season delves deeper into the intense conflict between Piltover and Zaun.
Vi dials lenders for Rs 23,000 cr term loans, seeks Rs 10,000 cr in bank guarantees
Vodafone Idea (Vi) proposes borrowing Rs 23,000 crore in term loans and seeks Rs 10,000 crore in bank guarantees to enhance its telecom infrastructure and compete with Reliance Jio and Airtel.
Voda Idea launches extra data for new 4G and 5G smartphone users
Vodafone Idea (Vi) has introduced 'Vi Guarantee Program' offering 130GB extra data for 4G and 5G smartphone users. Users receive 10GB every 28 days for 13 cycles. Chief Marketing Officer Avneesh Khosla stated the program aims to enhance data experience. Available to users on specific plans, excluding certain regions. Aimed at maximizing smartphone potential.
Vodafone UK may offer Rs 2,000 crore equity topup to Vi
Vi may also make more substantial payments to Indus towards cutting its dues after the telco raises debt of ₹23,000-25,000 crore through term loans as planned, analysts added. After the recent sale of its 18% stake in Indus, UK's Vodafone holds 3.1% of the tower company and is said to be in talks with Bharti Airtel to sell these shares, people familiar said.
Vi needs 2.2x ARPU jump to meet payout obligations
Vi’s ARPU, they said, needs to jump 2.2x to around Rs 320 by FY27—from Rs 146 now—even if the cash-strapped telco sees a 50% cut in its adjusted gross revenue (AGR) liability to Rs 35,000 crore via a favourable Supreme Court verdict on its curative plea. As per company data, Vi’s total AGR dues were pegged at Rs 70,320 crore in the quarter to March 2024.
Spectrum for satcom services won't be auctioned: Govt to Lok Sabha
The Indian government has reaffirmed its plan to allocate spectrum for satellite-based communication services administratively, with a fee, rather than through auctions. However, exceptions may be made for public interest or governmental functions. The Department of Telecommunications is awaiting recommendations from the Telecom Regulatory Authority of India (TRAI) on spectrum pricing and terms, considering fair competition with terrestrial services.