Vodafone Idea Ltd’s (Vi) corporate social responsibility (CSR) arm has partnered with Finnish telecom equipment maker, Nokia to deploy smart agriculture solution in Madhya Pradesh and Maharashtra that would improve...
Oaktree, Varde offer $2 billion funding to Vodafone Idea
Vodafone Idea (Vi) has received Rs 3,760.1 crore in cash by selling its 11.15 per cent stake in Indus Towers to the entity created after the completion of the merger of the tower company with Bharti Infratel. The merged...
Bharti Infratel, Indus Towers merger complete; Vodafone Idea sells Indus stake for ₹3,760 cr
The merger of Bharti Infratel and Indus Towers to create a mega tower company has been completed, and Vodafone Idea has received ₹3,760.1 crore cash for its 11.15 per cent holding in Indus, a regulatory filing said on...
Voda Idea to seek shareholders’ nod to raise borrowing limit to Rs 1 trn
Debt-ridden telecom operator Vodafone Idea on Monday said it will seek shareholders’ approval to raise the borrowing limit to Rs 1 trillion, at the annual general meeting (AGM) scheduled to be held on September 30...
Vodafone Idea’s fundraising to drive down promoter holding
Promoters of Vodafone Idea Ltd are staring at a sharp erosion of their shareholding if the telco’s fundraising plans bear fruit, given the company’s relatively low market value. The cash-strapped firm has tapped several...
Voda Idea decides to raise ₹25,000 cr
Vodafone Idea Ltd on Friday said it will raise as much as ₹25,000 crore as the company seeks to pay off dues and restore its financial health after last year’s adverse Supreme Court order threatened its survival. The...
India’s Vodafone Idea says board has no proposal from Amazon, Verizon
Vodafone Idea said on Thursday its board had no investment proposal to consider from U.S. wireless carrier Verizon Communications Inc or Amazon.com Inc. The Indian mobile firm added, however, that it constantly...
Voda-Idea weighs fundraising
Vodafone Idea’s board has decided to meet on Friday to consider fundraising options after the Supreme Court directed all telecom operators to pay 10% of the total adjusted gross revenue (AGR)-related dues in 2020-21 and...
Amazon, Verizon may invest over $4 billion in India’s Vodafone Idea: report
U.S. wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India’s Vodafone Idea Ltd, the Mint newspaper reported on Thursday, sending shares in the...
Malaysia’s Axiata Group Berhad exits Voda Idea, latest foreign investor to leave India
Axiata Group Berhad has sold its residual stake in Vodafone Idea (VIL) and exited India’s telecom sector, having taken a substantial hit on its investments after a high-profile entry more than a decade ago. The...
Vodafone Idea: Reports of stake sale to LIC baseless
Vodafone Idea on Monday described the talks about life insurance major LIC picking up a stake as “baseless speculation”. Market players and sources within the insurance giant, however, said there were initial talks...
Suspending IBC for a year bad idea, restart bankruptcy courts in 2-3 months: Viral Acharya
Former RBI deputy governor Viral Acharya on Wednesday said the suspension of insolvency laws for a year is “too long” and India should look at operationalising the bankruptcy rules in the next three months...