Vodafone Idea (Vi), the third-largest telco in India, has raised Rs 20,000 crore through equity. Rs 2,000 crore came through a promoter entity while the remaining Rs 18,000 crore through the largest FPO (follow-on public offer) the country has ever seen. It has not been an easy journey for Vi to raise capital. While the FPO will bring in additional capital, it will reduce the earnings per share (EPS) for... Read More
Vodafone Idea (Vi), the third-largest telecom operator in the country, recently concluded its FPO (follow-on public offer) of Rs 18,000 crore. It is the largest FPO in the country so far and was subscribed 7 times overall and about 19 times by institutional investors. Kumar Mangalam Birla, Chairman of the Aditya Birla Group (ABG), said, that the response to the FPO demonstrates the potential of the India digital story and... Read More
Vodafone Idea (Vi), the third largest telecom operator in India, is in desperate need of tariff hikes. While the telco is currently in the process of raising funds through a follow-up offer to the public, its finances are in jeopardy. Its current level of revenues is not enough to handle the payments that the government will start demanding once the moratorium period ends in FY26. Also Read: Vodafone Idea Raises... Read More
Vodafone Idea (Vi), the third-largest telecom operator in the country, offers arguably the best premium mobile postpaid plan. Vi is one of the largest players in the postpaid segment. REDX is a brand of postpaid services that Vi has been offering to its customers for quite a few years. The REDX plans bundle the most benefits for customers. It isn't just about the entertainment/OTT (over-the-top) benefits, but also about the... Read More
Vodafone Idea (Vi), the third-largest telecom operator in the country, has raised around Rs 5,400 crore from anchor investors. The telco is raising a total of Rs 45,000 crore through a mix of equity and debt. This Rs 5,400 crore came from anchor investors, by allocating 4,90,90,90,908 equity shares at Rs 11 each. Vi plans to raise Rs 18,000 crore through FPO (Follow-on Public Offer). It will open on April... Read More
After the introduction of two new prepaid plans worth Rs 19 and Rs 49, Vi has introduced a new Rs 125 plan for the users. It is yet another data voucher from the company. In a short-span Vi has silently brought many new prepaid plans. These plans are aimed at helping the telco boost its average revenue per user (ARPU) and overall revenues. Vi's prepaid packs are available for customers... Read More
Vodafone Idea (Vi), the third-largest telecom operator in India, has announced that its follow-on public offer (FPO) to raise Rs 18,000 crore will be on April 18, 2024. It will close on April 22, 2024. For the anchor investors, it will open two days earlier on April 16, 2024. The telco's board met on April 11 to pass these dates for raising funds through equity. Vi recently raised Rs 2,075... Read More
Vodafone Idea (Vi), the third-largest telecom operator in India, has brought a new plan for customers. This plan costs Rs 19. It is a data voucher and offers data for a very short term. The move will enable Vi users to get more flexibility in their options when they are looking to recharge with a data voucher for short-term data needs. To recharge with a data voucher, a customer needs... Read More
Vodafone Idea (Vi), a prominent Indian telecom operator, lost slightly more than a million wireless subscribers in February 2024. In January, the telco lost 1.5 million wireless subscribers. This means, that Vi bid farewell to about 2.5 million subscribers in January and February together. Bharat Sanchar Nigam Limited (BSNL), another major telecom player in the country, lost about 170k or 0.17 million users in February 2024. In the previous month,... Read More
Vodafone Idea (Vi) will issue preferential shares to the Aditya Birla Group entity Oriana Investments Ple Ltd. This issue will be to raise Rs 2,075 crore. It will be a part of the Rs 20,000 crore equity raise that the shareholders of the company have approved. Oriana Investments Ple Ltd will be given 1,395,427,034 equity shares of face value of Rs 10 each at an issue price of Rs 14.87... Read More
Vodafone Idea (Vi), the third-largest telecom operator in India, has brought back its Rs 49 plan for prepaid customers with revamped benefits. It is a data voucher and works on top of an active base prepaid plan. With the Rs 49 plan from Vi, users get plenty of data, but for a very short-validity. The detailed benefits of the plan are mentioned below. Before we jump to the benefits, it... Read More
Vodafone Idea (Vi), the third-largest telecom operator in the country, is likely going to renew its deal with US tech major IBM to manage IT infrastructure. The deal is estimated to be worth around $1 billion or Rs 8,330 crore. It is a multi-year deal of five years. Vi already has a similar deal with IBM which is scheduled to end on April 2024. An ET report confirms that Vi... Read More
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And there are wifi 7 router on amazon lol
wifi is western culture hence ban wifi -these ppl probably
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