In an Extraordinary General Meeting (EGM) of Vodafone Idea (Vi), the third-largest telecom company in India, the shareholders have approved the approval of Rs 1600 crore worth of optionally convertible debentures (OCDs) to the American Tower Company (ATC). This is not the first time the shareholders have approved the move. … Read More
Vodafone Idea has not been able to stop the subscriber loss for seven straight quarters now. This means the telco has been losing users for 21 months, which is just 3 months or one-quarter shy of two years. Vi has been losing out to the competition because of liquidity issues … Read More
Bharti Airtel, Vodafone Idea (Vi), and Reliance Jio’s Q3 FY23 results are out. The trend of average revenue per user (ARPU) is still the same, where Airtel is the leader, Reliance Jio is second, and then Vi is at the bottom, lagging behind by a huge margin from its competitors. … Read More
Vodafone Idea recently gave a 33.4% stake in the company to the government. This was due to the conversion of interest dues on deferred AGR and spectrum into equity. While it would reduce the net debt that the telco has, it doesn’t guarantee any future growth for the company. Analysts … Read More
Vodafone Idea’s CEO (Chief Executive Officer), Akshaya Moondra, in the recent earnings call with the analysts for Q3 FY23, shared his opinion on tariff hikes. Moondra didn’t give an exact timeline for when the tariff hikes would take place, but he did share his personal opinion about the same. The … Read More
Vodafone Idea Limited (VIL) is doing all it can to push customers to keep using its services. Regardless, there are many customers who have already left the telco’s networks. To put in exact numbers, in 2022, Vodafone Idea lost 20 million active users. A loss of inactive users doesn’t affect … Read More
Vodafone Idea (Vi) is going to see its shares slide 60% from the current levels, believes JP Morgan. The brokerage firm has set a target price of Rs 3 for Vi. This is because there are structural issues in the company. It is worth noting that the telco announced its … Read More
Vodafone Idea (Vi) has not yet made any comments on when it is going to launch 5G in India. This delay could cause the company to lose out on high-paying customers. That would be detrimental to the average revenue per user (ARPU) of the telco. Vi’s competitors are rolling out … Read More
Vodafone Idea (Vi) has just announced its quarterly results for Q3 FY23. The telco’s net loss has widened QoQ (quarter-on-quarter) while its revenues remained flat. The EBITDA (earnings before interest tax depreciation and amortisation) improved by a marginal percentage, but that is unlikely to have any positive impact on the … Read More
Vodafone Idea (Vi), the third largest telecom operator in India, is in discussion with the banks to refinance some of the debt and also for softer repayment terms. The telco has been struggling to make ends meet because of its poor cash flow situation. According to an ET report, the … Read More
Vodafone Idea (Vi), on February 3, 2023, got the order from the Ministry of Communications to go ahead with the dues to the equity conversion process. On February 7, 2023, Vi informed the stock exchanges that the board of directors of the company had approved the allotment of 16,133,184,899 equity … Read More
It’s known that Vodafone idea (Vi) is going through rough phases, but with the recent clearance of equity conversion by the Government of India, Vi got a short-term relief without facing bankruptcy proceedings soon. The Government’s shareholding in Vi stands at 33.44% after the equity conversion and is the largest … Read More
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