The Aditya Birla Group’s chairman, Kumar Mangalam Birla, has been in the news for the last few days because of his letter to the Union Cabinet’s Secretary. The Indian business tycoon had expressed his willingness to sell his promoter stake in Vodafone Idea (Vi) to the government. But according to … Read More
Vodafone Idea stock has dipped by as much as 10% in the early market session on Tuesday. If you are wondering why this is because of Kumar Mangalam Birla’s willingness to sell his group’s stake in the company. According to a Business Standard report that surfaced yesterday, Kumar Mangalam Birla, … Read More
Vodafone Group, a leading telecommunications company in Europe and Africa is only offering “practical support” to Vodafone Idea, says Nick Read, chief executive officer at Vodafone Group. Read in the first-quarter earnings call on July 23, 2021, said that Vodafone Idea, the third-largest wireless operator in India, is in a … Read More
Vodafone Idea (Vi) and Bharti Airtel are going to go for tariff hikes soon. But neither of the telcos should be too jumpy about it after looking at the Telecom Regulatory Authority of India (TRAI) monthly report for May 2021. Apart from Jio, neither of the telcos added any subscribers. … Read More
The second major stakeholder of Vodafone Idea, Aditya Birla Group, is not utilising its power to buy shares of Vodafone Idea from the co-promoter, Vodafone Group and increase its 27.66% stake. The option to buy shares of Vodafone Idea is granted under the existing shareholder pact. Aditya Birla Group (ABG) … Read More
Vodafone Idea (Vi) and Bharat Sanchar Nigam Limited (BSNL) are the only two operators in India who offer ‘truly unlimited data’ benefit to the users at night. While most of the users are familiar with what Vi offers to the users in this domain, BSNL’s offer in the same lines … Read More
Vodafone Idea is taking all the necessary steps to reduce the AGR liability and eliminate the financial burden. In the latest development, the cash-strapped telco is planning to file a review petition in the Supreme Court to have its AGR dues recalculated and reduced. As reported by ET Telecom, if … Read More
Bharat Sanchar Nigam Limited (BSNL) and Vodafone Idea (Vi) both need to stay in the market to ensure that India doesn’t become a country with a duopoly of Reliance Jio and Bharti Airtel. Pradeep Mehta, Secretary-General of CUTS International told ET Telecom that BSNL should be privatised and Vodafone Idea … Read More
Vodafone Idea has been facing gloomy days since the AGR dues matter started in the Indian telecom space. Over the period, Vodafone Idea has faced financial distress, funding default, subscribers loss that has weakened the backbone of the entity. It would be too early to say that Vodafone Idea will … Read More
Vodafone Idea (Vi) has come out with new enterprise postpaid plans for its corporate customers. The telco is striving hard to earn not only from the retail customers but also the corporate customers. Looking at the evolving needs of the enterprises, Vi has launched new postpaid plans for its corporate … Read More
The current owners of the Vodafone Idea (Vi) – Vodafone Group Plc and the Aditya Birla Group are ready to transfer control of the company to an interested investor if any. The telco’s initial plan of getting an investor hasn’t been successful yet. Both the promoter groups are currently in … Read More
The verdict by Supreme Court in the AGR dues case has left Vodafone Idea in distress. As the telco giant was hoping to get some relief in the massive AGR dues, the bench rejected the plea of both Vodafone Idea and Bharti Airtel that pointed towards arithmetic errors in the … Read More
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