Vodafone Idea (Vi), the struggling Indian telecom operator, is trying to entice users from porting out or just experiencing its service once more time by dolling out free data to users without any active plan. Users across the country have received free data from Vi when they have not recharged their SIM or number with any plan. To ensure that these users don't port out and keep using the SIM,... Read More
Vodafone Idea (Vi), the third-largest telecom operator in India, has paid less license fee (LF) and spectrum usage charge (SUC) for Q3 FY23. According to an ET report, the telco had paid, on average, Rs 600-Rs 800 crores as LF in the previous two quarters and about Rs 250 crore for SUC. However, in the December quarter, Vi only paid Rs 80 crore as LF and Rs 15 crore as... Read More
Vodafone Idea (Vi) has been struggling because of fundraising issues. Now, fresh developments say that around one-fifth or 20% of the sales team has quit the company in the last few weeks. The company's performance has been extremely poor in the last few years as the telco has not been able to add new subscribers, nor has it turned an eye towards profits. Vi hasn't been able to handle the... Read More
Vodafone Idea (Vi) again stands to risk losing access to its mobile towers. Indus Towers might cut the access of Vodafone idea from its mobile towers if the dues aren't cleared, said a CNBC-TV18 report. The telco needs to make advance payments to the vendor to keep its access to the towers. Back in 2022, Indus Towers had given a strong warning to Vi to clear the dues or risk... Read More
Vodafone Idea (Vi), the cash-strapped Indian telecom operator, is struggling to make ends meet. 2023 is going to be a decisive year for the company. On Jan 10, 2023, at the closing bell, Vodafone Idea's stock closed at Rs 7.25, the lowest figure in the last 18 months. Things don't look good for the company as the government is not planning a relief package any time soon, and the tariff... Read More
Vodafone Idea (Vi) has not been able to fulfil the network rollout obligations set by the Department of Telecommunications (DoT). As per the obligations, telcos who bid for 5G spectrum in the 2022 auctions have to roll out commercial 5G services in each of the three metros within one year from the date of spectrum allotment. Further, the telcos also have to ensure that they are reaching at least one... Read More
Vodafone Idea (Vi) shares have come down to the pre-September 2021 relief measures level. In simple words, the shares have fallen down to the point where the current price is the same as the price of the shares before the revival package for the telecom industry was announced in Sept 2021. Post the relief measures, Vi's stock had shown a good recovery. However, on January 9, 2023, the stock of... Read More
Update - Vi has deleted the concerned tweet, and the development appears to be untrue. Vodafone Idea (Vi) has said that its 5G is now available in the city of Delhi. This can be a surprise to everyone as the telco has not announced this officially to the media or the customers. Vi's customer care handle on Twitter said that its 5G is currently only available in the city of... Read More
Vodafone Idea's (Vi) financials and operations are now being inspected by the government to ascertain the health of the company. Vi has been struggling to raise money, and the talks with the government have also taken a back seat as the promoters are yet to invest fresh capital in the company. According to a TNN report, the Department of Telecommunications (DoT) is now looking at the financials and the operations... Read More
Vodafone Idea (Vi) might not get any fresh loans from the banks. The struggling telco is looking for a fresh loan of about Rs 7000 crore to clear most of the dues of Indus Towers. But even the lenders now first want to wait and see if the promoters are pitching in any fresh capital into the company. This is what the Indian government is waiting for as well. It... Read More
Vodafone Idea (Vi) has been going through a rough phase for many years and is a known case. The telco is making losses every quarter and mounting a pile of debt at a pace that there is no turning around. We have also opinioned possible reasons for subscriber loss in our earlier stories. ICICI Securities released a report on telecom revenue growth that we have already covered in our story... Read More
Vodafone Idea (Vi) has reportedly reached out to several banks for raising a sum of Rs 7000 crore in loans. Banks such as the State Bank of India, Punjab National Bank, IDFC Bank, and HDFC Bank have been contacted by the telco. The development has been shared by ET Telecom. The report from the publication said that most of the loan amount is meant for clearing the dues of Indus... Read More
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