Vodafone Idea
Spectrum Auction 2024 News: Vodafone Idea Acquires 50 MHz Spectrum
Vodafone Idea (Vi) has announced the acquisition of 50 MHz of spectrum across low-band (900 MHz) and mid-band (1800 MHz and 2500 MHz) frequencies in 11 circles, amounting to Rs 3,510 crore in the latest spectrum auction. The government auctioned a total of 10,522.35 MHz across eight bands, valued at Rs 96,238.45 crore at reserve […]
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Spectrum Auction 2024 Worth Rs 96k Crores to be Held Tomorrow
The telecom spectrum auction for eight bands is scheduled for June 25. According to Antique Stock Broking, the bidding is unlikely to be vigorous. The brokerage predicts that Bharti Airtel may bid for some of its expiring spectrum valued at Rs 3,820 crore, while Jio will be selective, basing its bids on data traffic flow […]
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Vodafone Idea 5G Rollout Minimum Requirement Completed
Vodafone Idea Limited (VIL) has announced the completion of its minimum 5G rollout obligation as required by the Department of Telecommunications (DoT). Initially, VIL had confirmed 5G rollout in a few circles, but it has now met the requirement for all mandated circles. The telecom department had instructed telcos to roll out 5G in both […]
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Jio Surpasses Airtel in 4G/5G User Additions for April | Telecom Subscription Data as on 30 Apr 2024
Reliance Jio continued to outpace rivals Bharti Airtel and Vodafone Idea in active wireless subscribers and high-paying 4G/5G users, according to telecom regulator data for April. Reliance Jio added 3.06 million active subscribers, while Bharti Airtel and Vodafone Idea lost 2.09 million and 0.63 million active subscribers, respectively, as per the data released by the […]
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Vodafone Idea Dues to Indus Towers: Vodafone to Sell 10% Stake to Repay Debt
Vodafone Group plans to sell about 10% of its stake in Indus Towers for up to $1.1 billion as part of the British firm’s efforts to repay its debt. Vodafone will sell roughly 268 million shares in Indus Towers through stock market block deals in Mumbai, priced between 310 rupees ($5.02) and 341 rupees per […]
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Vodafone Idea Dues to Indus Towers, Will Sell Entire Indus Towers Stake
According to sources familiar with the matter, reported on June 14 that Vodafone Group is considering selling its entire $2.3 billion stake in Indus Towers, a mobile-tower operator, through block deals next week. Vodafone holds a 21.5% stake in Indus Towers through various group entities. The report indicated that the final transaction size might be […]
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Vodafone Idea Required to Settle Dues with Indus Towers for New Services: Report
Vodafone Idea (Vi), the country’s third-largest telecom operator, must clear its outstanding dues with Indus Towers to roll out new services. Vi plans to launch 5G soon, leveraging Indus Towers’ infrastructure. Recently, Vi raised funds through equity, improving its ability to settle these debts. According to an ET report, Sunil Bharti Mittal, Chairman of Bharti […]
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Telcos Tariff Hike is Crucial to Maintain RoCE
Indian telecom companies are looking to implement tariff hikes to maintain their Return on Capital Employed (RoCE) amidst rising operational expenses (OpEx) and customer acquisition costs. In FY23, sales and marketing expenses as a percentage of revenue increased by 11% for Vodafone Idea (Vi), 5.4% for Bharti Airtel, and 2% for Reliance Jio. However, they […]
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What’s Next in Vodafone Idea Fundraising
Vodafone Idea’s fundraising efforts are closely tied to the outcome of the elections. Recently, Vi raised approximately Rs 20,000 crore through a follow-on public offer (FPO) and a promoter entity. The company plans to secure an additional Rs 35,000 crore through debt, but this is contingent on investors and lenders gaining clarity on whether the […]
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Focus on BSNL 4G & Vodafone Idea 5G Rollout Launch in India
Vodafone Idea (Vi) and Bharat Sanchar Nigam Limited (BSNL) frequently make headlines as they continue to lose customers to Reliance Jio and Bharti Airtel. To counter this trend, Vi needs to increase its capital expenditure, expand its 4G network, and launch 5G services as soon as possible. BSNL, meanwhile, is still in the process of […]
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