Global brokerage major HSBC has noted that Vodafone’s joint venture (JV) in India is in a precarious situation after Vodafone’s global CEO reiterated that there will be no further injection of group equity...
Airtel, Voda-Idea optic fibre joint venture on hold
The proposed optic fibre joint venture between Bharti AirtelNSE 0.58 % and Vodafone Idea has possibly been put on the back burner, given the divergent funds requirements of the two telcos. While Vodafone Idea needs to...
Mahindra Finance inks JV deal to acquire over 58% in Sri Lanka’s Ideal Finance for LKR 2 billion
Mahindra & Mahindra Financial Services (Mahindra Finance) on Tuesday said it has entered into a joint venture deal with Sri Lanka’s Ideal Finance to acquire up to 58.2 per cent stake in the company for LKR 2...
Vodafone Idea selects Amdocs to consolidate postpaid operations
Vodafone Idea on Thursday said it has selected software firm Amdocs to consolidate its postpaid operations for retail and enterprise customers across mobile as well as fixed-line services. As part of the new multi-year...
Vodafone Idea to shut m-pesa biz, waives Rs 210 cr to close payments bank
Vodafone Idea Ltd has decided to close m-pesa vertical following the closure of Aditya Birla Idea Payments Bank Ltd (ABIPBL), in which it was being merged with, a top official said on Monday. Nearly 17 months after it...
Vodafone Idea picks Bank of America, Morgan Stanley for ₹130 billion fiber assets sale
Vodafone Idea Ltd. has hired Bank of America Corp. and Morgan Stanley to help sell its fiber assets as India’s largest mobile carrier by users seeks to bolster its finances, people familiar with the matter said. The...
Airtel and Voda Idea in talks to turn fibre JV into infra investment trust
Bharti Airtel and Vodafone Idea are in advanced talks to turn their proposed optic fibre network joint entity into an infrastructure investment trust (InvIT) that can attract long-term investors. The move is aimed at...
Vodafone Idea transfers fibre infra to subsidiary after creditors approval
Shareholders and creditors of telecom operator Vodafone Idea have approved plan to transfer optical fibre assets to its wholly-owned subsidiary Vodafone Towers Limited. “The proposed resolution approving the...
Vodafone Idea board approves merger of 2 subsidiaries with parent
Vodafone Idea said on Tuesday its board has approved merger of two wholly-owned subsidiaries, Vodafone India Digital Limited and Idea Telesystems Limited, with the company. “The scheme is subject to approval of...
Vodafone pledges entire stake in Voda-Idea with foreign banks
Vodafone Plc has pledged its entire stake in Vodafone Idea with seven foreign banks shortly after the country’s largest telecom operator issued new shares to promoters to raise funds to pare debt. Vodafone holds...
Japanese chemical maker DIC Corporation acquires Ideal Chemi Plast
Japan’s largest ink manufacturer by revenue DIC Corporation has acquired Maharashtra-based resins manufacturer Ideal Chemi Plast Pvt Ltd in an undisclosed amount. Founded in 2004, Ideal Chemi Plat manufactures and sells...
Voda Idea to seek shareholders nod for divesting fibre assets
Vodafone IdeaNSE 4.02 % said Saturday it will seek its shareholders’ approval on June 6 to transfer optical fibre assets to a wholly-owned subsidiary, Vodafone Towers Limited. The company has proposed to hive off...