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
Telecom Regulatory Authority of India (TRAI) released its November 2022 report on the Telecom Subscription Data. We are closely following the wireless subscriber numbers, and Vodafone idea (Vi) has already crossed its one-year subscriber losing streak. However, we gathered even the historical data to see further how long this subscriber losing streak is in force. We have our results, and here are some interesting insights. Also Read: Vodafone Idea Continues Its... Read More
Vodafone Idea (Vi) users in India faced a network down issue on Friday (February 3, 2023). The telco, which has 200+ million customers, faced complaints from users on Twitter about the network going down for them. DownDetector platform also shows that around 2:30 PM on Friday, there were 1800 complaints from users about Vi's network going down. Nonetheless, the network was restored for users in a short period. Network going... Read More
Vodafone Idea (Vi), the third-largest telecom operator in the country, can finally go ahead with converting the interest dues into equity for the government. This is a big development for the telco. In a listing at the stock exchanges, the telco said that it has received the go-ahead from the Ministry of Communications (MoC) to convert the interest dues related to the deferred amount from the spectrum auction instalments and... Read More
Vodafone Idea (Vi) Foundation and Ericsson have partnered to open six Robotic Lab across multiple states. These labs are meant to empower underserved children and will help them with their digital skills. These are just a few of the first 10 labs to be set up by Vi Foundation in the states of Maharashtra, Rajasthan, Madhya Pradesh, Chhattisgarh, Gujarat and Karnataka. These labs will serve students between class 6 and... Read More
Vodafone Idea (Vi) would be looking to issue debentures worth Rs 1600 crore to the American Tower Company (ATC). Earlier, Vi had issued optionally convertible debentures (OCDs) to ATC, but that didn't work out because one of the conditions of the OCDs issue was that the govt would convert dues into equity. But the Indian government has not done that yet and it will not happen as long as the... Read More
Vodafone Idea's (Vi) shares fell 2.13% on Wednesday's early trade session. At the time of writing this, the telco's shares are trading at Rs 6.90, a negative of 2.13% from the previous close of Rs 7.05. It is a 52-week low for Vodafone Idea's shares. The telco is not able to raise funds and move ahead with its business plans. For days now, Vi's shares have been trading around the... Read More
Vodafone Idea (Vi) is claiming that because of the deployment of additional spectrum to increase capacity and new sites added in Andhra Pradesh (AP) and Telangana, users there would experience 2x faster speeds. But is it going to make a positive difference for the company? First of all, let's see what Vi has said it has done in the last year in the two circles. Vi announced that it had... Read More
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
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