This week, stricken telco Vodafone Idea (Vi) has revealed that the Indian government has converted INR369.5 billion ($4.3 billion) it is owed by the operator into equity, raising its stake in the business from 22.6% to 49%.
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Vodafone Idea’s long awaited 5G launch targeted for March 2025
The operator says its initial rollout will cover all metros and major cities in 17 of India’s 22 telecom circles (essentially licencing regions), beginning with Delhi and Mumbai.
Vodafone Idea expands Ericsson 5G partnership
News The deal follows a $3.6 billion network equipment deal signed with Samsung, Nokia, and Ericsson just last month This week, Vodafone Idea (Vi) has expanded its partnership with Ericsson by signing new contracts to upgrade its 4G network and introduce 5G services...
Vodafone Idea strikes $3.6bn deal with Nokia, Ericsson, and Samsung
This week, Vodafone Idea has concluded a $3.6 billion telecoms equipment deal with Ericsson, Nokia, and Samsung.
Vodafone Idea targets 5G launch in 6–9 months
News The beleaguered Indian telecoms operator says a return to growth will be possible following its $2.2 billion follow-on public offering (FPO) Last week, Vodafone Idea announced that it would launch India’s largest ever FPO, seeking to raise almost $2.2 billion in...
Vodafone Idea launches $2.16 billion share sale
Vodafone Idea has announced that it is set to raise up to 180 billion rupees ($2.16 billion) through the country’s biggestFPO, a process by which a company already listed on the stock exchange issues additional shares in order to raise capital.
Could Vodafone Idea hand Elon Musk the keys to India?
As we enter 2024, Elon Musk’s low Earth orbit (LEO) satellite communications constellation Starlink continues to swell, now totalling more than 5,500 orbiting devices
Indian govt quashes rumours it will take over Vodafone Idea
News “No such proposal is under consideration in the Department,” according to communications minister Devusinh Chauhan Indian telco Vodafone Idea (Vi) has had a bumpy road in 2023. Many years of intense price wars, caused by the disruptive launch of Reliance Jio back...
Nokia rumoured to replace Huawei in Vodafone Idea’s network
With fears over network security ever-present, Vodafone Idea (now Vi) is reportedly in discussions with Nokia to replace the Huawei 4G radio equipment currently in its network
Indian govt to become Vodafone Idea’s largest stakeholder
The government will take a 35.8% stake in the floundering telco, aiming to prevent the Indian mobile market from becoming a duopoly
India’s Vodafone Idea continues its fight for survival
News The promoters of Vodafone Idea, India's beleaguered third-largest service provider, are putting in last-ditch efforts to save the company from bankruptcy. Last week Kumar Mangalam Birla, Chairman of Aditya Birla Group and Nick Read, Vodafone Group's Chief...
Vodafone Idea targets $3bn investment from Apollo Global
According to sources, the struggling Indian telco has begun discussions with the US private equity fund and may sell a “sizeable stake” in the business
Vodafone Idea ‘adding-on’ Huawei gear before govt restrictions take effect
Sources suggest that the Indian telco signed a roughly $54.7 million deal with Huawei just before government restrictions banning such transactions came into effect
Vodafone Idea seeks $1bn funding from pension funds to stay afloat
The operator has been struggling recently, having lost around 5.7 million customers in December 2020
Oaktree and Varde may rescue Vodafone Idea with $2bn funding
A consortium led by Oaktree Capital is reportedly lining up to pump at least $2 billion into the struggling telco according to sources
A new coat of paint for Vodafone Idea as it rebrands as Vi
The telco hopes that the rebranding will usher in a period of renewed growth, having lost out to its rivals in recent years
With vendors beginning to delay new orders, is Vodafone Idea out of time?
Without new equipment, Vodafone Idea will struggle to achieve the expansion necessary to survive
Vodafone Idea could sink even if given AGR relief, investors fear
The last two financial quarters have seen Idea’s subscriber base slip by around 20 million and Q2 of 2020 could continue the downward trend
Could Google be the saviour of Vodafone Idea?
Reports suggest that Google is exploring its options regarding investment in the struggling telco
Supreme Court deals another blow to Vodafone Idea, rejects tax refund appeal
Vodafone Idea sought $629 million, but the Court agreed to just $96 million
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