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Tanay Singh Thakur May 2nd, 2024 3:08 PM 0 COMMENTS

Vi Announces Postpaid International Roaming Plans for Azerbaijan and More African Countries

Vodafone Idea (Vi), a prominent Indian telecom operator, has announced the arrival of postpaid international roaming plans for people travelling to Azerbaijan and other select African countries. Over 120,000 Indians visited Azerbaijan in 2023, which is a 100% increase from the previous year. Then there are more African countries such as Sudan, Cameroon, Ivory Coast, Rwanda, Swaziland, South Sudan, Liberia, Uganda, Benin, Zambia, and Guinea Bissau where tourists are interested in... Read More

Tanay Singh Thakur April 28th, 2024 1:06 PM 3 COMMENTS

Vodafone Idea’s Massive Fundraising: Is it a Fresh Start for the Telecom Giant

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

Tanay Singh Thakur April 27th, 2024 2:16 PM 4 COMMENTS

Vodafone Idea Will Stage a Smart Turnaround: Birla

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

Tanuja K April 22nd, 2024 4:52 PM 7 COMMENTS

Vodafone Idea Needs Tariff Hikes: Analysts

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

Tanay Singh Thakur April 18th, 2024 7:30 AM 0 COMMENTS

Vodafone Idea’s Most Premium Postpaid Plan in India

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

Tanay Singh Thakur April 17th, 2024 10:20 AM 3 COMMENTS

Vodafone Idea Raises Rs 5400 Crore from Anchor Investors

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

Tanuja K April 17th, 2024 9:17 AM 0 COMMENTS

Starlink Could Soon Get License to Serve in India: Report

Starlink, a major satellite communications (satcom) service provider, is set to receive a license to serve customers in India. Due to many security challenges, India has delayed the license approval for Elon Musk-owned satcom company. However, according to an ET report, the license application of Starlink is under process and once the security aspects are checked and cleared, a license should be granted to Starlink. The company has provided ‘ownership’... Read More

Tanay Singh Thakur April 13th, 2024 7:11 AM 1 COMMENTS

Vodafone Idea Introduces Rs 125 Prepaid Pack

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

Tanay Singh Thakur April 12th, 2024 9:31 AM 0 COMMENTS

Vodafone Idea FPO to Raise Rs 18000 Crore will Open on April 18, 2024

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

Tanay Singh Thakur April 11th, 2024 7:55 AM 3 COMMENTS

Vodafone Idea Brings New Rs 19 Plan

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

Tanay Singh Thakur April 9th, 2024 2:13 PM 1 COMMENTS

Vi Lost a Million Wireless Users in Feb 2024: TRAI Data

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

Tanay Singh Thakur April 7th, 2024 5:00 PM 1 COMMENTS

Vodafone Idea to Raise Rs 2075 Crore via Preferential Share Issue

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