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Vodafone Idea Limited (IDEA.NS)

7.75

-0.17

(-2.15%)

At close: January 10 at 3:30:01 PM GMT+5:30

Indian telco Vodafone Idea to raise $234 million via share issue

Vodafone Idea said it will issue shares to Vodafone Group entities Omega Telecom Holdings and Usha Martin Telematics worth up to 12.8 billion rupees and 7 billion rupees, respectively. The fundraise will likely help the debt-saddled firm pay some of its dues to network infrastructure provider Indus Towers, to which it owes about 50-60 billion rupees, according to Ambit Capital's Vivekanand Subbaraman. Vodafone Idea did not specify details about its plans to use the funds.

Reuters last month

IDEA.NS
-2.15%
Vodafone Idea Ltd (BOM:532822) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst ...

Despite a 4% revenue increase and strategic network expansions, Vodafone Idea Ltd (BOM:532822) faces ongoing subscriber losses and financial hurdles.

GuruFocus.com last month

IDEA.NS
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India's Vodafone Idea posts bigger-than-expected Q2 loss as user base shrinks

The telecom operator narrowed its consolidated loss after tax to 71.76 billion rupees ($850.7 million) for the quarter ended Sept. 30, compared to a loss of 87.38 billion rupees a year ago, helped by an increase in tariffs. Vodafone Idea's user base fell 2.4% sequentially and 6.7% year-on-year to 205 million as of Sept. 30, smaller than Jio's 478.8 million and Airtel's 407 million. All three Indian mobile carriers—Jio, Airtel, and Vodafone Idea—increased their tariffs in June for the first time in over two years, marking a shift in their strategy from aggressive competition for market share towards increasing profitability.

Reuters last month

IDEA.NS
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Will NOK Stock Gain From Vodafone Idea Deal to Boost India Network?

Nokia partners with Vodafone Idea to deploy a 5G network across major Indian cities.

Zacks 3 months ago

NOKIA.HE

IDEA.NS
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India's Vodafone Idea says it is in talks with govt after court rejects plea on dues

Vodafone Idea has begun fresh talks with the Indian government for "remedies" related to $8.4 billion in owed dues, the telecom operator said on Monday, days after the country's top court dismissed a plea to re-compute the dues. The court ruling is the latest setback for India's no.3 wireless carrier, which had been hoping for relief on the dues related to license fees and spectrum charges that account for about a third of its overall debt of $24 billion. The company's long-term business plan and revival strategy remain unaffected by the ruling, said CEO Akshaya Moondra on a call with analysts on Monday.

Reuters 3 months ago

IDEA.NS
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India's Vodafone Idea concludes $3.6 billion network equipment deal

MUMBAI (Reuters) -India's Vodafone Idea on Sunday concluded a $3.6 billion deal with mobile and network manufacturers Nokia, Ericsson and Samsung for supply of equipment over a period of three years, it said in a statement to exchanges. "The capex programme is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth," it said. Vodafone Idea, formed by a merger between the Indian arm of UK's Vodafone Group and Aditya Birla Group's Idea Cellular in 2018, has posted a loss in every quarter as it lost market share to larger rivals Bharti Airtel and Reliance Jio.

Reuters 3 months ago

IDEA.NS
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Indian Telecom Stocks Tumble as Top Court Rejects Plea on Dues

(Bloomberg) -- Shares of Indian wireless carriers plunged on Thursday after the country’s top court rejected the firms’ request to re-calculate about $13 billion of past dues that they owe to the government. Most Read from BloombergEric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property TaxesUnlocking the Hidden Power of Zoning, for Good or BadWaiting for the Miracle of Church-to-Housing DevelopmentNY’s MTA Warns Against Borrowing More Than $13 BillionBelfast’s Grand Central Station Creates

Bloomberg 3 months ago

IDEA.NS
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Indian telecom carriers tussle with government over licence fees

India's Supreme Court on Thursday rejected a request by telecom companies including Vodafone Idea and Bharti Airtel to recalculate how much they owe the government in licence fees. The long-standing issue has whittled away at debt-ridden Vodafone's cash flow and threatened its survival in the Indian telecom market which is dominated by Airtel and Reliance Industries' Jio. 2019: India's top court asks telcos to pay down dues of $13 billion on adjusted gross revenue, leading to a jump in the amount the firms owed the government.

Reuters 3 months ago

IDEA.NS
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India's Vodafone Idea reports lower-than-expected Q1 loss on reduced expenses

Indian telecom operator Vodafone Idea reported a smaller-than-expected first-quarter loss on Monday, helped by a fall in expenses. Vodafone Idea's revenue slipped 1.4% to 105.08 billion rupees, below analysts' expectation of 105.92 billion rupees. The company, formed by a merger between the Indian arm of UK's Vodafone Group and Aditya Birla Group's Idea Cellular in 2018, has posted a loss in every quarter as it lost ground to larger rivals Bharti Airtel and Reliance Jio.

Reuters 4 months ago

IDEA.NS
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India's Vodafone Idea misses Q4 revenue view as subscriber base narrows

Vodafone Idea, India's third-largest telecom operator by subscribers, missed analysts' estimates for quarterly revenue on Thursday, hurt by its shrinking user base. The company's consolidated revenue rose 0.7% to 106.07 billion Indian rupees ($1.27 billion) for the quarter ended March 31, compared with LSEG estimates of 107.15 billion rupees. Vodafone Idea was formed by a merger between the Indian arm of UK's Vodafone Group and Aditya Birla Group's Idea Cellular in 2018, in a bid to contest a brutal price war triggered by Mukesh Ambani's Reliance Jio Infocomm Ltd.

Reuters 7 months ago

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India's Vodafone Idea in talks to avail loans worth $1.8 billion, Bloomberg News reports

BENGALURU (Reuters) -Indian telecom carrier Vodafone Idea is in talks with lenders to avail loans worth 150 billion rupees ($1.80 billion) over the next two years, Bloomberg News reported on Thursday, citing people familiar with the matter. The company has reached out to state-run lenders State Bank of India (SBI), Bank of Baroda, Punjab National Bank and some privately-held banks, the report said. Bloomberg News did not mention the names of the private lenders.

Reuters 8 months ago

IDEA.NS
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GQG, SBI funds eye investments in Vodafone Idea $2.16 billion share sale, sources say

MUMBAI (Reuters) -Investment firm GQG Partners and State Bank of India Mutual Fund are considering investing up to $800 million in total in a $2.16 billion share offering of Indian telecom firm Vodafone Idea, according to two people familiar with the matter. U.S.-based GQG, run by India-born executive Rajiv Jain, plans to invest about $500 million, while SBI Mutual Fund is considering an investment of $200 million to $300 million in the follow-on public offering, said both people, who declined to be named as the plans are confidential. GQG and SBI declined to comment while Vodafone Idea did not respond to queries seeking comment.

Reuters 8 months ago

IDEA.NS
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Vodafone Idea to launch $2.16 billion share sale in India's biggest follow-on stock offering

BENGALURU (Reuters) -Indian telecom operator Vodafone Idea said on Friday it would raise up to 180 billion rupees ($2.16 billion) later this month through a sale of new shares, in what will be the country's biggest follow-on public offering (FPO). The public offering, which will take place at a floor price of 10 rupees per share, will open for bids from April 18 to April 22, said Vodafone Idea, the country's third-largest telecom carrier by number of subscribers. Shares of Vodafone Idea were down 2.3% at 12.65 rupees in early trade.

Reuters 8 months ago

IDEA.NS
-2.15%

Performance Overview

Return	IDEA.NS	S&P BSE SENSEX
YTD	-0.26%	-1.11%
1-Year	-52.16%	+8.39%
3-Year	-48.68%	+29.52%

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Vodafone Idea Limited (IDEA.NS)

Indian telco Vodafone Idea to raise $234 million via share issue

Vodafone Idea Ltd (BOM:532822) Q2 2025 Earnings Call Highlights: Revenue Growth Amidst ...

India's Vodafone Idea posts bigger-than-expected Q2 loss as user base shrinks

Will NOK Stock Gain From Vodafone Idea Deal to Boost India Network?

India's Vodafone Idea says it is in talks with govt after court rejects plea on dues

India's Vodafone Idea concludes $3.6 billion network equipment deal

Indian Telecom Stocks Tumble as Top Court Rejects Plea on Dues

Indian telecom carriers tussle with government over licence fees

India's Vodafone Idea reports lower-than-expected Q1 loss on reduced expenses

India's Vodafone Idea misses Q4 revenue view as subscriber base narrows

India's Vodafone Idea in talks to avail loans worth $1.8 billion, Bloomberg News reports

GQG, SBI funds eye investments in Vodafone Idea $2.16 billion share sale, sources say

Vodafone Idea to launch $2.16 billion share sale in India's biggest follow-on stock offering

Performance Overview