Vodafone Idea Limited (Vi), the debt-laden telco is hitting the headlines almost every other day. The lenders are eying to swap their debt for equity, thereby resulting in significant dilution of the company’s promotors – Aditya Birla Group (ABG) and Vodafone Group Plc, reports the Business Standard. The report citing … Read More
Bharti Airtel’s stock has risen in the last couple of days. The reason primarily being the downfall of the Vodafone Idea (Vi). Vi’s shares have fallen very rapidly for consecutive days, and fearing a further fall, the investors have flocked towards Bharti Airtel and Reliance Industries Limited’s stocks. Bharti Airtel’s … Read More
It’s all become about Vodafone Idea in the last few days. Everyone’s talking about the telco taking guesses at its future. Many believe that the company doesn’t have any future at all, while some are rooting for it to ensure that a healthy balance in the telecom industry is maintained. … Read More
Vodafone Idea (Vi) has a very bad financial standing with a ton of debt on its shoulders. The company is looking to make good on its promises to the customers and investors. However, the equipment or gear vendors who have supplied Vi with products are worried about recovering their money. … Read More
Reliance Jio is the number one telecom operator in India simply because its offerings are not only cheaper compared to the other operators, but also its network services are mostly consistent throughout India. However, there’s one plan from Vodafone Idea (Vi) that beats Jio comfortably. Today, we are going to … Read More
Vodafone Idea is one company that stands on the plank with a big question over its survival. Burdened by dues which it has to pay on Adjusted Gross Revenue, spectrum allocation and other operational expenses, the company stands amidst financial ruins. Late at night on Wednesday, the billionaire, Kumar Mangalam … Read More
Vodafone Plc is the another owner of the financially weak telco, Vodafone Idea, apart from Aditya Birla Group. While the latter owns a 27.66% stake in the company, the UK-based group owns 45% in the company. As per the latest reports on the matter, Vodafone Plc has said that it … Read More
Vodafone Idea’s (Vi) troubles just don’t seem to end. The private operator’s shares have been falling continuously for consecutive days. In the early market session today, Vodafone Idea’s shares have fallen by more than 20%. Yesterday, we had reported that VI’s stock had dipped by 16% in the noon session. … Read More
Kumar Mangalam Birla is not the non-executive Chairman of Vodafone Idea Limited (VIL) anymore. Mr Birla stepped down from the position effective August 4, 2021, after the closing of business hours. Mr Himashu Kapania, current a non-executive Director of the company will be replacing Mr Birla as the non-executive Chairman. … Read More
Bharat Sanchar Nigam Limited (BSNL) is the only public telecom company in the ruthless industry of telecom in India. However, similar to Vodafone Idea, BSNL has its own story of poor financials. But now it seems that the support of BSNL is something that can save Vodafone Idea and its … Read More
Vodafone Idea stock has dipped over 14% in the noon session. The telco has been struck very badly from the intent of selling the stake shown by its second-biggest promoter – Aditya Birla Group. Kumar Mangalam Birla had written in a letter to the Union Cabinet Secretary about his willingness … Read More
Just a day after the revelation of the warning letter from Kumar Mangalam Birla to Vodafone Idea about an irretrievable point of collapse, banks are getting worried about the telecom major. They claim it to be “too big to fail”. Both Indian and global lenders have an exposure of Rs. … Read More
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