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Indian Telecom Operators May Hike Tariffs by December 2025 As Part of Tariff Repair Efforts: Report
Consumers in India may soon have to shell out more to continue enjoying telecommunications services. As per a report, telecom operators such as Bharti Airtel, Reliance Jio, and Vodafone Idea (Vi) could again commence a periodic tariff hike by the end of the year in line with their recent tariff repair efforts to enhance the revenue visibility. The ...
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Centre To Convert Vodafone Idea Spectrum Dues Worth Rs 36,950 Crore Into Equity
Vodafone's spectrum auction dues worth Rs 36,950 crore will be converted into equity by the government, which will increase its holding in Vodafone Idea to 48.99 per cent - up from 22.6 per cent.
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Vodafone Idea Ordered to Convert Dues From Government Worth Over Rs. 16,000 Crore Into Equity
Vodafone Idea said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is Rs. 16,133 crore, the mobile carrier said.
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Centre Converts Vodafone Idea's Dues Into Equity Worth $2 Billion
The government will take 33 per cent equity in Vodafone Idea after converting all interest related to payments for spectrum and other dues into equity, making it the largest shareholder in the telecom firm.
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Capital Infusion In Vodafone Idea By Centre Under Discussion: Telecom Minister Ashwini Vaishnaw
Vodafone Idea (VIL), reeling under debt burden of over Rs 2 lakh crore, has opted for converting about Rs 16,000 crore of interest liability payable to the government into equity, which will amount to around a 33 per cent stake in the company.
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Bailout For Near-Bankrupt Vodafone May Just Have Been Cleared: Report
The country's capital market regulator approved the government's proposal to convert dues of over $1.92 billion by telecom operator Vodafone Idea to equity, two senior government officials said on Thursday.
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SEBI Clears Centre's Proposal To Turn Vodafone Idea Dues Into Equity: Report
India's capital market regulator approved the government's proposal to convert dues of over $1.92 billion by telecom operator Vodafone Idea to equity, two senior government officials said on Thursday.
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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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Vodafone Idea Shares Zoom During Intra-Day Trade
Shares of telecom company Vodafone Idea (VI) rose around 10 per cent in intra-day trade on Tuesday
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Vodafone Raises Stake in Vodafone Idea to 47.61 Percent
Vodafone has raised its stake in debt-ridden Vodafone Idea Limited to 47.61 percent through its subsidiary Prime Metals, a regulatory filing said on Monday. Vodafone Idea in March had announced a Rs. 14,500-crore fundraising plan, where promoters would inject Rs. 4,500 crore.
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Vodafone Idea Board Approves Shares' Allotment To 3 Promoter Firms To Raise Rs 4,500 Crore
Vodafone Idea on Thursday said its board has approved the allotment of 338.3 crore equity shares at Rs 13.30 per scrip to three promoters group entities - Euro Pacific Securities, Prime Metals and Oriana Investments - for about Rs 4,500 crore.
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Vodafone Idea (Vi) Expects Another Hike in Mobile Services Rates This Year, CEO Ravinder Takkar Says
Vi may raise mobile services rates this year as well but it will depend on the market reaction to the increase in tariff that the company made in November, a top official of the company said.
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Norms For Telcos' Dues Conversion Into Equity, Likely In A Month: Government
Government is expected to come out with detailed guidelines for conversion of interest payment liabilities of telecom players into equity in a month
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Telcos' Debt Liability To Remain Post Interest Dues Conversion Into Equity: Minister
The debt liabilities will continue to remain with telecom companies which have proposed to convert their interest dues into government equity stake
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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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Indian Telecom Operators May Hike Tariffs by December 2025 As Part of Tariff Repair Efforts: Report
Consumers in India may soon have to shell out more to continue enjoying telecommunications services. As per a report, telecom operators such as Bharti Airtel, Reliance Jio, and Vodafone Idea (Vi) could again commence a periodic tariff hike by the end of the year in line with their recent tariff repair efforts to enhance the revenue visibility. The ...
-
Centre To Convert Vodafone Idea Spectrum Dues Worth Rs 36,950 Crore Into Equity
Vodafone's spectrum auction dues worth Rs 36,950 crore will be converted into equity by the government, which will increase its holding in Vodafone Idea to 48.99 per cent - up from 22.6 per cent.
-
Vodafone Idea Ordered to Convert Dues From Government Worth Over Rs. 16,000 Crore Into Equity
Vodafone Idea said on Friday the government had ordered the company to convert into equity all the dues owed to the government for use of airwaves including the interest related to payments for spectrum. The total amount to be converted into equity shares is Rs. 16,133 crore, the mobile carrier said.
-
Centre Converts Vodafone Idea's Dues Into Equity Worth $2 Billion
The government will take 33 per cent equity in Vodafone Idea after converting all interest related to payments for spectrum and other dues into equity, making it the largest shareholder in the telecom firm.
-
Capital Infusion In Vodafone Idea By Centre Under Discussion: Telecom Minister Ashwini Vaishnaw
Vodafone Idea (VIL), reeling under debt burden of over Rs 2 lakh crore, has opted for converting about Rs 16,000 crore of interest liability payable to the government into equity, which will amount to around a 33 per cent stake in the company.
-
Bailout For Near-Bankrupt Vodafone May Just Have Been Cleared: Report
The country's capital market regulator approved the government's proposal to convert dues of over $1.92 billion by telecom operator Vodafone Idea to equity, two senior government officials said on Thursday.
-
SEBI Clears Centre's Proposal To Turn Vodafone Idea Dues Into Equity: Report
India's capital market regulator approved the government's proposal to convert dues of over $1.92 billion by telecom operator Vodafone Idea to equity, two senior government officials said on Thursday.
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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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Vodafone Idea Shares Zoom During Intra-Day Trade
Shares of telecom company Vodafone Idea (VI) rose around 10 per cent in intra-day trade on Tuesday
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Vodafone Raises Stake in Vodafone Idea to 47.61 Percent
Vodafone has raised its stake in debt-ridden Vodafone Idea Limited to 47.61 percent through its subsidiary Prime Metals, a regulatory filing said on Monday. Vodafone Idea in March had announced a Rs. 14,500-crore fundraising plan, where promoters would inject Rs. 4,500 crore.
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Vodafone Idea Board Approves Shares' Allotment To 3 Promoter Firms To Raise Rs 4,500 Crore
Vodafone Idea on Thursday said its board has approved the allotment of 338.3 crore equity shares at Rs 13.30 per scrip to three promoters group entities - Euro Pacific Securities, Prime Metals and Oriana Investments - for about Rs 4,500 crore.
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Vodafone Idea (Vi) Expects Another Hike in Mobile Services Rates This Year, CEO Ravinder Takkar Says
Vi may raise mobile services rates this year as well but it will depend on the market reaction to the increase in tariff that the company made in November, a top official of the company said.
-
Norms For Telcos' Dues Conversion Into Equity, Likely In A Month: Government
Government is expected to come out with detailed guidelines for conversion of interest payment liabilities of telecom players into equity in a month
-
Telcos' Debt Liability To Remain Post Interest Dues Conversion Into Equity: Minister
The debt liabilities will continue to remain with telecom companies which have proposed to convert their interest dues into government equity stake
-
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.
