Vodafone India Funding
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Vodafone-Idea Concludes Network Equipment Deal With Nokia, Ericsson and Samsung Worth $3.6 Billion
India's Vodafone Idea has finalised a $3.6 billion (roughly Rs. 30,066 crore) deal with Nokia, Ericsson and Samsung for supply of equipment over the period of three years. Supplies under the new contract will start arriving in the coming quarter, Vodafone Idea said, adding that its top priority remains to expand the 4G coverage.
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Vi 5G Services to Reportedly Rollout in India in 6-7 Months
Vi (Vodafone Idea) CEO Akshaya Moondra has reportedly revealed that the company will be rolling out 5G services in India within a 6-7 month period. He also highlighted that the plans are contingent on monetisation clarity and finalising its external funding. Vi has also failed to meet the minimum rollout obligations placed by the DoT after the 5G s...
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Airtel Reports 16.6 Percent YoY Increase in Mobile Data Consumption, Posts 22 Percent Rise in Q2 Revenue
Airtel on Monday reported a 22.2 percent increase in quarterly revenue, with an average revenue per user (ARPU) of Rs. 183, up from Rs. 146 a year earlier. The ARPU of rivals Reliance Jio and Vodafone Idea was Rs. 175.7 and Rs. 128 , respectively. Last year, Airtel said that mobile ARPU needed to be at 200 rupees and ultimately at 300 rupees, for a...
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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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Airtel to Acquire Vodafone’s 4.7 Percent Indus Towers Stake if Funds Are Used for Vi
Airtel said it has signed an agreement to buy Vodafone's 4.7 percent stake in Indus Towers on the condition that the proceeds will be used for investment in Vi and clearing dues of the mobile tower company.
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In Telecom Dues Case, Lawyer's Folded-Hands Appeal In Top Court: 10 Facts
Former Attorney General Mukul Rohatgi today appealed to the Supreme Court with folded hands, asking it to grant at least 15 years to telecom companies to clear their dues with the government. The court had earlier warned of strong action for wrongdoing, saying it may send them "directly to jail". The loss-making telcos had initially asked for a 20...
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AGR Dues: Government May Seek Balance Between Supreme Court Order, Telcos' Health
With the telecom sector reeling under severe financial stress and Vodafone Idea staring at bankruptcy in case it is made to pay its adjusted gross revenue (AGR) dues, the government is considering options to stick to the Supreme Court's directive but with least possible impact on the financials of the stressed operators.
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Idea Cellular To Raise Rs 3,250 Crore From Promoter Aditya Birla Group
The Idea Cellular shares will be issued to entities under Aditya Birla Group that include Birla TMT Holdings, Elaine Investments (Singapore), Oriana Investments (Singapore), Surya Kiran Investments (Singapore)
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Vodafone-Idea Concludes Network Equipment Deal With Nokia, Ericsson and Samsung Worth $3.6 Billion
India's Vodafone Idea has finalised a $3.6 billion (roughly Rs. 30,066 crore) deal with Nokia, Ericsson and Samsung for supply of equipment over the period of three years. Supplies under the new contract will start arriving in the coming quarter, Vodafone Idea said, adding that its top priority remains to expand the 4G coverage.
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Vi 5G Services to Reportedly Rollout in India in 6-7 Months
Vi (Vodafone Idea) CEO Akshaya Moondra has reportedly revealed that the company will be rolling out 5G services in India within a 6-7 month period. He also highlighted that the plans are contingent on monetisation clarity and finalising its external funding. Vi has also failed to meet the minimum rollout obligations placed by the DoT after the 5G s...
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Airtel Reports 16.6 Percent YoY Increase in Mobile Data Consumption, Posts 22 Percent Rise in Q2 Revenue
Airtel on Monday reported a 22.2 percent increase in quarterly revenue, with an average revenue per user (ARPU) of Rs. 183, up from Rs. 146 a year earlier. The ARPU of rivals Reliance Jio and Vodafone Idea was Rs. 175.7 and Rs. 128 , respectively. Last year, Airtel said that mobile ARPU needed to be at 200 rupees and ultimately at 300 rupees, for a...
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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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Airtel to Acquire Vodafone’s 4.7 Percent Indus Towers Stake if Funds Are Used for Vi
Airtel said it has signed an agreement to buy Vodafone's 4.7 percent stake in Indus Towers on the condition that the proceeds will be used for investment in Vi and clearing dues of the mobile tower company.
-
In Telecom Dues Case, Lawyer's Folded-Hands Appeal In Top Court: 10 Facts
Former Attorney General Mukul Rohatgi today appealed to the Supreme Court with folded hands, asking it to grant at least 15 years to telecom companies to clear their dues with the government. The court had earlier warned of strong action for wrongdoing, saying it may send them "directly to jail". The loss-making telcos had initially asked for a 20...
-
AGR Dues: Government May Seek Balance Between Supreme Court Order, Telcos' Health
With the telecom sector reeling under severe financial stress and Vodafone Idea staring at bankruptcy in case it is made to pay its adjusted gross revenue (AGR) dues, the government is considering options to stick to the Supreme Court's directive but with least possible impact on the financials of the stressed operators.
-
Idea Cellular To Raise Rs 3,250 Crore From Promoter Aditya Birla Group
The Idea Cellular shares will be issued to entities under Aditya Birla Group that include Birla TMT Holdings, Elaine Investments (Singapore), Oriana Investments (Singapore), Surya Kiran Investments (Singapore)
