Telecom Industry
Indus Towers Shares Surge 5% Following ₹2,800 Crore Block Deal
On December 5, shares of Indus Towers worth ₹2,802 crore were sold via a block deal, with Vodafone Group Plc likely as the seller. Approximately 8 crore shares, representing a 3% stake, changed hands at an average price of ₹354 per share. Following the deal, Indus Towers’ stock surged 5% in early trade, reaching ₹365.40 […]
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Vodafone Idea Recognized as India’s Top 4G Network Provider: Open Signal
Vodafone Idea (Vi), India’s third-largest wireless operator, has been recognized as the leading provider of 4G network performance in the country, as per Opensignal’s November 2024 4G Network Experience Report. The analysis, conducted between June 1 and August 29, 2024, evaluated the performance of Vi, Airtel, Jio, and BSNL across six critical metrics. Vi’s Dominance […]
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Vodafone Group Completes Exit from Indus Towers with ₹2,802 Crore Block Deal
Shares worth ₹2,802 crore of Indus Towers were sold in a block deal on December 5, with Vodafone Group Plc likely divesting its remaining 3% stake in the telecom infrastructure company. Approximately 8 crore shares changed hands at an average price of ₹354 per share. Following the transaction, Indus Towers’ stock surged 5% in early […]
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Airtel Ericsson Deal of Multi-Billion Dollar Extended
Ericsson has signed a multi-year, multi-billion-dollar extension agreement with Bharti Airtel to provide radio access network (RAN) products and solutions for its 4G and 5G networks. The agreement includes the deployment of centralized RAN and Open RAN-ready solutions to enhance network capacity and coverage. Under the deal, Ericsson will also deliver software upgrades for […]
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Vodafone Idea Introduces AI-Powered Solution to Combat Spam SMS
Indian telecom operator Vodafone Idea (Vi) has introduced an advanced spam management system powered by Artificial Intelligence (AI) and Machine Learning (ML). The system aims to protect users from spam SMS threats, including phishing links and unauthorized promotions, while ensuring a safer and clutter-free mobile experience. Real-Time Spam Detection System Since its pilot phase, the […]
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Indian Govt Won’t Interfere with Tariff Hikes from Jio, Airtel, and Vi
Private telecom operators in India, including Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi), have recently raised tariffs for prepaid and postpaid mobile plans by 11-25% across various offerings. This hike has also affected the base plans, making the minimum recharge plans required to keep SIMs active more expensive. Government’s Stance on Tariff Hikes […]
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Vodafone and Three UK Merger to Get Approval Soon
Vodafone Group and Three UK, two major players in the British telecommunications sector, are advancing toward securing approval for a landmark merger. The deal, which aims to create one of the largest mobile networks in the UK, has entered the final stages of regulatory scrutiny, with significant implications for competition, pricing, and customer service. Merger […]
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Supreme Court Ruling Boosts Indus Towers Shares by Over 3%
Indus Towers’ shares rose by over 3% after a significant Supreme Court ruling in the company’s favor. The court granted telecom and tower companies, including Indus Towers, Vodafone, and Bharti Airtel, the right to claim Central Value-Added Tax (Cenvat) credits on duties paid for key infrastructure components, such as tower parts and shelters. This decision […]
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Vodafone Executives Exit Indus Towers Board Following Bharti Airtel’s Majority Stake Acquisition
Executives from the UK’s Vodafone Group PLC, who served as non-executive directors on the board of Indus Towers, have resigned following Bharti Airtel’s increase in its stake to over 50 percent in the tower company. With the increased stake, Indus Towers is set to become a subsidiary of Bharti Airtel. Vodafone Executives Step Down from […]
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Delay in Vi’s ₹25,000 Crore Funding Worsens Financial Struggles
Vodafone Idea (Vi) is grappling with worsening financial challenges as its ₹25,000 crore debt-funding plan faces significant delays, casting doubt on its ability to achieve a turnaround. The setback follows the Supreme Court’s rejection of Vi’s curative petition to recalculate its adjusted gross revenue (AGR) dues, which has further strained the company’s financial outlook. Analysts […]
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