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 … 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 … 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 … 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 … 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 … 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 … 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 … 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. … Read More
Kumar Mangalam Birla, the chairman of Aditya Birla Group (ABG), one of the promoters of the telecom company Vodafone Idea (Vi), met union telecom minister Ashwini Vaishnaw recently. Birla met with the minister to request to expedite the process of dues conversion into equity, reported CNBC-TV18. Because of the delays … Read More
Vikram K Doraiswami, the Indian High Commissioner in the UK, has written to the finance ministry, asking about how to proceed in the matter of converting dues into equity for Vodafone Idea (Vi). The Indian government had given telcos, including Vi, an opportunity to convert their deferred interest dues into … Read More
Vodafone Idea (Vi) has been struggling to make ends meet because of cash stress on the business. The move to convert interest dues into equity for the government isn’t going ahead. The government wants the promoters to infuse a significant amount of capital before it can jump to take a … Read More
Bharti Airtel, India’s second-largest telecom operator, has been rolling out 5G since October 2022. The telco is one of the leading players in the postpaid mobile business. Vodafone Idea (Vi) is another company leading in the postpaid mobile segment in India. But Vodafone Idea (Vi) has not been able to … Read More
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