The brokerage also suspended the rating on Vi, making it clear that given a large debt of over Rs 2.3 lakh crore, which continues to rise, and further potential large dilution in market share, the fundraising would "remain...
VIL said that its 4G subscriber base continued to grow and with 10 lakh 4G customers added during the quarter, 4G subscriber base of the company stood at 12.16 crore
The shares have been allocated to the government in lieu of conversion of interest dues arising from deferment of adjusted gross revenue and spectrum auction payments
The balance 4,000 debentures will be allotted on receipt of application form and subscription money and due intimation of the same shall be filed as necessary, according to a regulatory filing
Last year, the department had auctioned spectrum in bands ranging from 3.3 GHz to 3.6 GHz and 26 GHz mmWave band attracting demand from all the leading telecom players like Reliance Jio, Vodafone Idea and Bharti Airtel
After the conversion, which will take place at the price Rs 10 per share, the government will have a 33 per cent stake
Moondra said that the company is engaged with banks for funding which could not progress earlier as the main requirement of banks was the conversion of the government's interest dues into equity
The announcement comes within days of Vodafone Idea getting a shot in the arm, with Centre on Friday clearing conversion of the troubled telco's accumulated interest dues worth Rs 16,000 crore into equity
Without fresh capital infusion, there is no way the telecom company can overcome its consolidated debt of around Rs 2 lakh crore
Reliance Jio and Bharti Airtel jointly added 22.1 lakh mobile customers while Vodafone Idea (VIL) lost 35 lakh mobile customer.
Vodafone Idea's proposal to issue Rs 1,600 crore debentures to mobile tower vendor ATC Telecom Infrastructure has lapsed in the absence of any response from...
Shareholders of debt-ridden Vodafone Idea (VIL) approved issuing optionally convertible debentures (OCD) worth Rs 1,600 crore to ATC Telecom Infrastructure
The nod from market regulator SEBI came in earlier this year for the dues-to-equity conversion, and the Telecom Department is ready to "take the plunge" once...
The only telco to acquire the coveted 700 MHz, Jio has set its sights on capturing 5G space in India
Cardholders will enjoy a host of benefits at Aditya Birla Group retail outlets, petrol pumps, entertainment, dining, and hospitality, among others.
Vodafone Idea CEO Ravinder Takkar said as part of the telecom reforms package, the company has opted for converting government dues into equity and its...
Its revenue from operations rose 6.6 per cent year-on-year to Rs 10,239.5 crore in Q4 FY22.
Vodafone Idea (VIL) had placed special resolution of the issue of equity shares worth Rs 4,500 crore to the group firms of promoters Vodafone and Aditya Birla...
While Bharti Airtel and Intelsat have proposed that allocation must be done on a case-to-case basis, BSNL has suggested that allocation must be done through...
Vodafone currently holds about 28% in Indus Towers
Vodafone Idea, which has opted for converting its dues to stock last month, has proposed the government convert interest dues amounting to Rs 16,000 crore for...
The telecom operator's stock tanked 7.98 per cent to settle at Rs 10.95 on the BSE. During the day, it plummeted 9.66 per cent to Rs 10.75.
Consolidated revenue from operations declined by 10.8 per cent to Rs 9,717.3 crore from Rs 10,894.1 crore in the corresponding quarter of 2020-21.
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Post conversion of the liabilities, the government is projected to have a 35.8 per cent stake in VIL and around 9.5 per cent shareholding each in TTML and...
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The three debt-ridden companies have proposed to convert their interest liability payable to the government into equity.
