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 and limited investments in its networks. The telco has been unsuccessful in raising fresh funds, and that has caused a... 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. Bharti Airtel and Reliance Jio made profits, while Vodafone Idea lost close to $1 billion USD during the quarter. When... 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 believe that Vi needs to raise funds in the short term to sustain and compete with the other private telcos.... 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 chief executive said that there's a need for tariffs to go up. Moondra believes that none of the telcos is... 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 the financial performance of the telco. However, when the active users leave, it directly means that the revenues will be... 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 Q3 FY23 financial results on Tuesday, where it reported a net loss of Rs 7900 crore or approximately $1 billion... 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 5G at full flow and plan to offer complete 5G coverage in approximately 1.5 to 2 years. Vodafone Idea's funding... 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 business. The net loss for Vodafone Idea went from Rs 79,955 crore in Q2 FY23 to Rs 79,900 crore in... 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 telco is looking for refinancing of up to Rs 4000 crore loan. This would free up some cash for Vi... 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 shares of the face value of Rs 10 each at an issue price of Rs 10 per equity share to... 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 shareholder of the telco. But Government has only approved the equity conversion on the promise by the promoters to bring... Read More
Vodafone Idea (Vi) is soon going to launch 5G, at least this is what the government expects. The cash strapped telco recently received a good news that it can finally go ahead and convert the dues into equity for the government. Vi can now look ahead and evaluate its fundraising options. The telco needs money to place commercial orders for 5G rollout with the vendors such as Nokia and Ericsson.... Read More
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