Vodafone
Vodafone Idea’s follow-on share offer subscribed 5.4 times
23 Apr 2024
Vodafone Idea’s Rs18,000-crore follow-on public offer (FPO) of equity shares managed to attract subscription for as many as 6.349 billion shares, against the 1.260 billion shares on offer, as the FPO closed for subscription on Monday.
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Vodafone inks a $1.5 billion deal with Microsoft for AI, cloud, and IoT
16 Jan 2024
Vodafone has announced a decade-long partnership with Microsoft, aiming to extend generative AI, digital, enterprise, and cloud services to over 300 million businesses and consumers across its European and African markets.
Vodafone Idea denies talks with Elon Musk's Starlink; shares dip 5%
02 Jan 2024
In a recent statement, Vodafone Idea, a major Indian telecom operator, clarified that it is not engaged in discussions with Elon Musk’s Starlink for a potential tie-up.
Govt to pick up 33% stake in ailing Vodafone Idea
06 Feb 2023
After the fresh equity infusion by the government, the shareholding of the promoters will come down to around 50 per cent from the pre-December 2022 level of around 75 per cent - Vodafone Plc holding 48 per cent and Aditya Birla Group 27 per cent
Kumar Mangalam Birla steps aside from Vodafone Idea board
09 Aug 2021
Vodafone Idea has to pay dues of over Rs58,000 crore to the telecom department that are linked to adjusted gross revenues dating back to 2007, while the company has gross debt of Rs1,80,000-crore
Vodafone Idea rebranded 'Vi' as company looks for a fresh start
07 Sep 2020
Vodafone Idea board on Friday had approved a plan to raise up to Rs25,000 crore, to inject fresh life into the joint venture, as the new brand buries the images created by Vodafone and Idea Cellular
Verizon, Amazon eye $4 bn stake in Vodafone Idea: report
04 Sep 2020
Acquisition of a majority stake in Vodafone Idea would help Amazon set up competition against Reliance Industries while it would open up a market for Verizon’s 5G telecom offerings
Voda Idea seeks 15 yrs to pay AGR dues; demands GST refund
27 Feb 2020
The cash-strapped telco, which owes about Rs57,000 crore in overdue revenue share to the government, managed to pay just Rs3,500 crore so far, and wants the government to adjust the Rs8,000 crore GST refund due to it be adjusted against AGR dues
Vodafone Idea won’t survive without govt relief: Kumar Mangalam Birla
06 Dec 2019
Responding to a question if the company is still hopeful of government relief for the debt-laden telecom sector, Birla echoed the statement made by Nick Read, CEO of Vodafone Plc, a shareholder in Vodafone Idea, earlier, but detracted later
DoT asks telecom companies to clear dues in 3 months
14 Nov 2019
While the DoT has given telecom operators the option to clear all the dues on self-assessment basis, reports citing officials of Aditya Birla group and partner Vodafone group that while they would like to stay invested, any further investment would depend on the government providing substantial relief in both revenue share and spectrum dues
Vodafone may exit India as losses mount: IANS report
30 Oct 2019
Vodafone-Idea continues to lose subscribers and market share with each passing month while falling market capitalisation is preventing it from raising fresh funds
Voda Idea logs second quarter of Rs5,000-cr loss courtesy Jio
07 Feb 2019
The introduction of ‘service validity vouchers’ which require customers to make a minimum recharge of Rs35 (28 days validity), led to a reduction of 35 million customers in the quarter, but helped increase the company’s average revenue per user by 1.5 per cent
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