Vodafone Idea has been surrounded by cash crunch as no relief has been given by the Supreme Court. However, the telco giant might get a big mollification as Oaktree capital is planning to lend 11.5 % stake in Indus tower. However, Vodafone Idea must expect a higher rate of interest around 20%. According to a report by ET Telecom, Oaktree Capital is a financial company located in foreign, which works... Read More
Earlier this weekend, lenders of Vodafone Idea met with Department of Telecommunications (DoT) and stated that invoking bank guarantees will lead to defaults as the telco giant is not in the position to repay dues to the bank. Lenders also requested DoT to come up with a solution which would ensure the operations of the three-player telecom market. According to an official “Lenders have already addressed the government about the... Read More
The Supreme Court on Monday rejected Vodafone Idea’s proposal to pay part of their adjusted gross revenue dues and direct government not to take any coercive action against it. Senior advocate Mukul Rohatgi appearing for Vodafone Idea said they are willing to pay Rs 2,500 crore today and another 1,000 crore by Friday, and the government shouldn’t pursue any forcible action against them. He also urged that the bank guarantees... Read More
We are yet to see the impact of the latest tariff hike from telcos on their financial and operational performance, however, we should deny the fact that the overall plan count has come down drastically. Daily data plans are still popular amongst the prepaid subscribers despite the tariff hike. Telecom operators right now are shipping a maximum of 3GB daily data with their prepaid recharges and there are some 1GB... Read More
The largest network integration exercise is currently being undertaken by the third-biggest telecom operator of the country, Vodafone Idea Limited. The telecom operator has been on the task of integrating its network since the merger happened in 2018. However, until now, Vodafone Idea has been unable to accomplish the full network integration. As per the previously charted out deadline by Vodafone Idea, the network integration was supposed to be finished... Read More
Vodafone Idea Limited has finally released financial and operational results for the quarter that ended on December 31, 2019. Similar to Bharti Airtel, Vodafone Idea's overall 4G user base saw an increase of 8.3 million in the quarter to 104.2 million. However, the telco has slipped to the third position below Bharti Airtel with an overall subscriber base of just 304 million. Reliance Jio is currently the largest telecom operator... Read More
Vodafone Idea customers in Bengaluru are complaining of network issues according to several reports. The customers took to Twitter to complain about the network outage in the city. The users reported that there was no network coverage in major parts of the city and the issues have been there since morning. Some users reported they got notifications regarding temporary network outages from the carrier. The notification read, “Temporarily turned off... Read More
Vodafone Idea on Thursday announced a move to consolidate all its postpaid customers under the Vodafone RED plans. The company in a statement said all its postpaid service and products will now be offered under the Vodafone RED branding. This move will initially start in Mumbai circle and will be rolled out all over India in the next few months. This means all new postpaid customers will be directly onboarded... Read More
UK-based Vodafone, in its earnings release, said that the position of Vodafone Idea 'remains critical.' Ever since the AGR setback, Vodafone Idea has been seeking relief from the Indian government, but there is no proper response. As part of the dues, Vodafone Idea will have to furnish Rs 53,000 crore as license fee, interest, spectrum usage charges and penalty dues to DoT. Not only Vodafone Idea, but even Bharti Airtel... Read More
Coronavirus outbreak may likely affect Airtel, Vodafone Idea’s 4G expansion and rollout as Chinese vendors will be unable to supply network gear over the period of time. Reliance Jio Infocomm not likely to be impacted as it sources gear from South Korea’s Samsung, which we are already aware of. Bharti Airtel and Vodafone Idea are staring at costlier 4G expansion and rollout plans on account of coronavirus disruption in China... Read More
Vodafone Idea Limited has removed the Rs 649 iPhone Forever Plan which it introduced in February 2019. As the year progresses, we are slowly seeing changes being made to the postpaid segment. A couple of weeks ago, Bharti Airtel removed Netflix subscription benefits which it used to provide with Rs 499 and above postpaid plans. And now, Vodafone Idea has got rid of Rs 649 iPhone Forever plan which is... Read More
Telecom operators Bharti Airtel and Vodafone Idea are making major changes in the prepaid segment to generate revenue from the users. In December last year, both the telcos increased the prepaid tariff prices for good, and at the same time, they also hiked the prices of Minimum Recharge plans. At the end of 2019, Bharti Airtel announced a hike of its base minimum recharge of Rs 24 and it now... Read More
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