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
Vodafone Idea (Vi), a leading telecom operator, will reportedly approach the banks for fresh loans. The telco is likely going to prioritise servicing old debt in the short term. Banks had earlier said no to Vi for fresh loans by citing the condition that until the time dues to equity conversion for the government takes place, they can't do anything. Now that the government has finally agreed to go ahead... Read More
Vodafone Idea (Vi) has partnered with Motorola to bring support for its 5G on Motorola smartphones. This is a push by Vi to evolve the 5G smartphone ecosystem. However, it is worth noting that Vi would be deploying 5G NSA (non-standalone) in the same spectrum band that Airtel has, and Airtel's 5G is already supported by Motorola 5G smartphones (except Motorola Razr 5G). So it is hard to understand what... Read More
Vodafone Idea (Vi), the third-largest telecom operator in India, received the get-go from the Ministry of Communications to convert the interest dues into equity for the government. Being a positive boost for the company's future, the development has propelled the stock of Vodafone Idea up by more than 25% on Monday morning. The previous close of Vi's stock price was Rs 6.85. At the time of writing, it is trading... Read More
On Friday, Vodafone Idea (Vi) said that it had been directed by the Ministry of Communications to convert its interest dues on the deferred AGR and spectrum-related payments into equity for the government. The telco wanted this to happen for a long time. However, on multiple occasions, Vi said that due to the delay being caused in the conversion of dues into equity for the govt, it couldn't go ahead... Read More
The Aditya Birla Group has reportedly promised the Indian government that it would bring the necessary investments for Vodafone Idea. The Indian government had put the dues to the equity conversion process in the telco on hold because the promoters weren't showing too much interest in the company. The government's condition to go ahead was to see the promoters invest significant capital into the company. On Friday, the Ministry of... Read More
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Ye to hona hi tha, age age dekhiye kya hota hai jan feb me.
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