October 23rd, 2022 10:59 AM 4 COMMENTS

Vodafone Idea Fundraising Plans Become Clear

The sale of Rs 1,600 crore worth of convertible bonds to ATC Telecom Infrastructure was approved by the board of Vodafone Idea Ltd. on Friday. Vodafone Idea would use the money to settle some of the outstanding debts it has with the tower operator since it rented out its equipment to offer mobile phone services in India. Information Regarding the Fundraising Vodafone Idea owes close to Rs 3,000 crore to ATC... Read More

July 30th, 2021 6:51 PM 1 COMMENTS

Vodafone Group Providing Practical Support to Vodafone Idea, No Additional Funds

Vodafone Group, a leading telecommunications company in Europe and Africa is only offering “practical support” to Vodafone Idea, says Nick Read, chief executive officer at Vodafone Group. Read in the first-quarter earnings call on July 23, 2021, said that Vodafone Idea, the third-largest wireless operator in India, is in a “difficult situation that they are trying to navigate.” However, Read said that the parent Vodafone Group will “not” be “putting... Read More

March 24th, 2021 5:38 PM 17 COMMENTS

Vodafone Idea Requires Steep Tariff Hikes for Survival, Huge Hikes Unlikely for Now

Vodafone Idea, the third largest wireless operator in India on Monday hiked its two entry-level postpaid family plans by around Rs 50. The operator on its website highlighted that the base postpaid family plan has been hiked from Rs 598 to Rs 649. Further, the third largest operator in India also hiked its second-tier postpaid family plan from Rs 749 to Rs 799. The operator had earlier restricted the price... Read More

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