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Vodafone Group Clears Rs 11,650 Crore Dues Raised Against Vodafone Idea Shares
UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing.
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Fundraise Allowed Vodafone-Idea to Start Capex Cycle, Places Telco on Secure Footing: Kumar Mangalam Birla
The fundraise by Vodafone Idea enabled the telco to kick-start its capex cycle again, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday. Birla exuded confidence that with continued support of the government, Vodafone Idea Ltd (VIL) will do its part in realising India's digital destiny.
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Vodafone To Sell $2.3 Billion Stake In India's Indus Towers: Report
Vodafone Group is looking to sell its entire $2.3 billion stake in India's Indus Towers through stock market block deals next week, two sources with direct knowledge said, as part of the British firm's effort to repay debt.
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OneWeb Can Match Mobile Service Rates in Western Nations, Not "Extremely Low" India Tariffs: CEO
OneWeb will be able to match pricing for mobile services in western countries but not the "extremely low" tariff in India, according to CEO Sunil Mittal. According to the top executive, services will be affordable and at par with that of mobile rates when collectively used by a community of 30-40 homes in a village, but individual use in India wo...
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5G Services Now Available Across 238 Cities in India: MoS Devusinh Chauhan
5G services are available across 238 Indian cities at the end of January 2023, Union minister of state for communications, Devusinh Chauhan informed Parliament on Wednesday. The Government issued spectrum allocation letters to telecom service providers in August 2022, while asking them to prepare for the rollout of 5G services in the country.
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5G Services in India to Attract Rs. 1.5 Lakh Crore in Investments in 2023, Tariff Hikes Likely: Report
From connecting people with 5G services to lowering the cost of operations, the country's revitalised telecom sector is witnessing the bloom of reforms, and is reportedly said to attract more than Rs. 1.5 lakh crore investments to build up networks in the new year.
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Reliance Jio Top Bidder in 5G Spectrum Auction, DoT Receives Bids Worth Record 1.5 Lakh Crore
The 5G spectrum auction in India concluded on Monday, with the Department of Telecom (DoT) receiving bids worth a record 1.5 lakh crore. Reliance Jio was the top bidder to the airwaves, followed by Bharti Airtel and Vodafone Idea. Meanwhile, Adani group is said to have bought 26 MHz spectrum for setting up a private telecom network.
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5G Spectrum Auction Enters Day 3, Received Bids Worth Rs. 1.5 Trillion So Far
5G spectrum auction has entered its third day of bidding on Thursday. At the end of Day 2 on Wednesday, the auction collected bids worth Rs. 1,49,454 crore. Wednesday saw five rounds of the auction, taking the total rounds to nine. Telecom operators may receive allocation of the spectrum before August 15.
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5G Spectrum Auction Undergoes Fifth Round of Bidding, Services to Roll Out in September
5G spectrum auction in currently undergoing the fifth round of bidding as firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea have invested huge sums. According to telecom Minister Ashwini Vaishnaw, the response on the first day exceeded all expectations.
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COAI Urges Open Bidding, Transparent Auction for 5G Airwaves to Prevent ‘Backdoor Entry’ to Big Tech
The Cellular Operators Association of India (COAI), ahead of the mega 5G spectrum auction scheduled to take place later this month, said that administrative allocation of spectrum for captive 5G networks is against principles of level playing field and "effectively provides a backdoor entry to big technology players to provide 5G services and solut...
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Adani Group to Compete With Rival Mukesh Ambani’s Jio in 5G Spectrum Auction, Aims to Set Up Private Network
Adani Group announced on Saturday that it would participate in the July 26 5G spectrum auction, in order to set up a private network to help digitise its businesses from airports to energy to data centres. This means that the company will not enter the consumer mobile telephony space, where Ambani's Reliance Jio is the largest player, alongside Sun...
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Adani Group Said to Enter Telecom Spectrum Race, to Face Jio, Airtel, Vodafone Idea
Gautam Adani's group is said to be planning a surprise entry into the race to acquire telecom spectrum, which will pitch it directly against Mukesh Ambani's Reliance Jio and telecom czar Sunil Bharti Mittal's Airtel, according to sources.
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Vodafone Idea to Consider Raising Funds Worth Rs. 500 Crore at Wednesday Board Meeting
Vodafone Idea will consider raising funds worth Rs. 500 crore at a board of directors meeting scheduled for Wednesday. The telecom operator is seeking to raise funds through issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to the Vodafone Group, which is one of the promoters of Vodafone Ide...
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Vi Approves Up to Rs. 14,500-Crore Fundraising, Promoters to Inject Rs. 4,500 Crore
Vi (Vodafone Idea) said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group.
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Vi CEO Ravinder Takkar Says Government Doesn’t Want to Run the Telco
A day after Vodafone Idea (Vi) opted to convert interest on dues to government equity, its CEO said the government had made its position amply clear that it does not want to run the telco.
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Vodafone Group Clears Rs 11,650 Crore Dues Raised Against Vodafone Idea Shares
UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing.
-
Fundraise Allowed Vodafone-Idea to Start Capex Cycle, Places Telco on Secure Footing: Kumar Mangalam Birla
The fundraise by Vodafone Idea enabled the telco to kick-start its capex cycle again, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday. Birla exuded confidence that with continued support of the government, Vodafone Idea Ltd (VIL) will do its part in realising India's digital destiny.
-
Vodafone To Sell $2.3 Billion Stake In India's Indus Towers: Report
Vodafone Group is looking to sell its entire $2.3 billion stake in India's Indus Towers through stock market block deals next week, two sources with direct knowledge said, as part of the British firm's effort to repay debt.
-
OneWeb Can Match Mobile Service Rates in Western Nations, Not "Extremely Low" India Tariffs: CEO
OneWeb will be able to match pricing for mobile services in western countries but not the "extremely low" tariff in India, according to CEO Sunil Mittal. According to the top executive, services will be affordable and at par with that of mobile rates when collectively used by a community of 30-40 homes in a village, but individual use in India wo...
-
5G Services Now Available Across 238 Cities in India: MoS Devusinh Chauhan
5G services are available across 238 Indian cities at the end of January 2023, Union minister of state for communications, Devusinh Chauhan informed Parliament on Wednesday. The Government issued spectrum allocation letters to telecom service providers in August 2022, while asking them to prepare for the rollout of 5G services in the country.
-
5G Services in India to Attract Rs. 1.5 Lakh Crore in Investments in 2023, Tariff Hikes Likely: Report
From connecting people with 5G services to lowering the cost of operations, the country's revitalised telecom sector is witnessing the bloom of reforms, and is reportedly said to attract more than Rs. 1.5 lakh crore investments to build up networks in the new year.
-
Reliance Jio Top Bidder in 5G Spectrum Auction, DoT Receives Bids Worth Record 1.5 Lakh Crore
The 5G spectrum auction in India concluded on Monday, with the Department of Telecom (DoT) receiving bids worth a record 1.5 lakh crore. Reliance Jio was the top bidder to the airwaves, followed by Bharti Airtel and Vodafone Idea. Meanwhile, Adani group is said to have bought 26 MHz spectrum for setting up a private telecom network.
-
5G Spectrum Auction Enters Day 3, Received Bids Worth Rs. 1.5 Trillion So Far
5G spectrum auction has entered its third day of bidding on Thursday. At the end of Day 2 on Wednesday, the auction collected bids worth Rs. 1,49,454 crore. Wednesday saw five rounds of the auction, taking the total rounds to nine. Telecom operators may receive allocation of the spectrum before August 15.
-
5G Spectrum Auction Undergoes Fifth Round of Bidding, Services to Roll Out in September
5G spectrum auction in currently undergoing the fifth round of bidding as firms run by tycoons Mukesh Ambani, Sunil Bharti Mittal and Gautam Adani as well as Vodafone Idea have invested huge sums. According to telecom Minister Ashwini Vaishnaw, the response on the first day exceeded all expectations.
-
COAI Urges Open Bidding, Transparent Auction for 5G Airwaves to Prevent ‘Backdoor Entry’ to Big Tech
The Cellular Operators Association of India (COAI), ahead of the mega 5G spectrum auction scheduled to take place later this month, said that administrative allocation of spectrum for captive 5G networks is against principles of level playing field and "effectively provides a backdoor entry to big technology players to provide 5G services and solut...
-
Adani Group to Compete With Rival Mukesh Ambani’s Jio in 5G Spectrum Auction, Aims to Set Up Private Network
Adani Group announced on Saturday that it would participate in the July 26 5G spectrum auction, in order to set up a private network to help digitise its businesses from airports to energy to data centres. This means that the company will not enter the consumer mobile telephony space, where Ambani's Reliance Jio is the largest player, alongside Sun...
-
Adani Group Said to Enter Telecom Spectrum Race, to Face Jio, Airtel, Vodafone Idea
Gautam Adani's group is said to be planning a surprise entry into the race to acquire telecom spectrum, which will pitch it directly against Mukesh Ambani's Reliance Jio and telecom czar Sunil Bharti Mittal's Airtel, according to sources.
-
Vodafone Idea to Consider Raising Funds Worth Rs. 500 Crore at Wednesday Board Meeting
Vodafone Idea will consider raising funds worth Rs. 500 crore at a board of directors meeting scheduled for Wednesday. The telecom operator is seeking to raise funds through issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to the Vodafone Group, which is one of the promoters of Vodafone Ide...
-
Vi Approves Up to Rs. 14,500-Crore Fundraising, Promoters to Inject Rs. 4,500 Crore
Vi (Vodafone Idea) said its board has approved raising up to Rs. 14,500 crore, including Rs. 4,500 crore from promoter entities — Vodafone and Aditya Birla Group.
-
Vi CEO Ravinder Takkar Says Government Doesn’t Want to Run the Telco
A day after Vodafone Idea (Vi) opted to convert interest on dues to government equity, its CEO said the government had made its position amply clear that it does not want to run the telco.
