Vodafone Idea (VI) share prices rose 7% during the intraday trading. According to reports, the promoters of the company are ready to infuse Rs 10,000 crore in the company. The company is making an attempt to release burden of debt from the government through the issue of equity. Ravinder Takker, VI CEO said that, "any payments to cutoff interest amount will be made in accordance with SEBI guidelines."
Courtesy: Money Control
In a recent report published by the Telecom Regulatory Authority of India (TRAI), Jio led an active wireless subscriber base with 6.1 million users while Bharati Airtel stood second at 2.3 million for the month of July. "Based on the active subscribers market, Jio now shares the market leadership position with Bharti," the report highlighted. The pace of Bharti Airtel's new subscribers slowed down in the recorded month.
Courtesy: The Economic Times
Vodafone Idea Ltd (VIL) Managing Director and CEO Ravinder Takkar told PTI that the government has presented an alternative to paying back dues via equity shares. He also said it would not want to acquire the firm, considering it wants VIL to be one among three private players to compete in the Indian telecom market. VIL has total gross debt of Rs. 1.91 lakh crore.
Courtesy: Business Standard
In its 5G trials on government allocated 5G spectrum in Pune and Gandhinagar, Vodafone Idea Ltd (VIL) has managed to achieve the downloading speed of up to 1.5 Gb/s with low latency on the mm-Wave spectrum band. Reportedly, it will improve video streaming/broadcast and online gaming experience. Sharing the achievement, VIL CTO Jagbir Singh said, ''We're pleased with speed and latency results in the initial stages of the 5G trials".
Courtesy: The Siasat Daily
A reappraisal was filed by Vodafone Idea Limited (VIL) in the SC after it rejected its plea to rectify errors in calculating adjusted gross revenues (AGR). Calling it a "travesty of justice", the telecom operator said that the apex court has restricted VIL from questioning arithmetical errors which could cost them about Rs 25,000 crore. VIL also said that the company could go bankrupt leaving customers "high and dry."
Courtesy: Gadgets Now
According to the Telecom regulator authority of India (TRAI), Reliance Jio accumulated a 35.54 lakh new wireless subscriber base in May and currently has 43.12 crore users in India. However, Airtel's user base decreased by 46.13 lakh to 34.8 core and Vodafone Idea lost 42.8 lakh subscribers and the user base stands at 27.7 core. Notably, the total users in India stand at 117.6 core.
Courtesy: The Free Pres Journal
Reliance Jio has become the top bidder at the 2021 4G spectrum auction by acquiring the 488.35MHz band for Rs 57,122.65 crore. Becoming the largest holder in 2300 MHz and sub-GHz spectrum, Jio increased its spectrum footprint by 55%. Similarly, Airtel and Vodafone-Idea have acquired 355.45 MHz and 11.80 MHz respectively, worth Rs 18,698.75 crore and Rs 1,993.40 crore. However, participants didn't bid for 700 MHz and 2500 MHz.
Vodafone-Idea has narrowed its loss to Rs 4,532 crore in the Q3 of FY21 after gaining Rs 2,118 crore by selling an 11.5% stake in Indus Towers to the merged Bharti Infratel-Indus Towers. Reportedly, the company posted Rs 7,218.5 crore net loss in the Q2 of FY21 and Rs 6,438 crore for the same period in the previous year. However, improving subscriber retention during the past quarter, the company has allowed raising to Rs 25,000 crore funds… read-more
Courtesy: Live Mint
The Vi (Vodafone Idea) has announced to shut their 3G services from January 15, and has requested their existing customers to switch the SIM with 4G. The Users have been advised to visit the nearby Vi store for an uninterrupted service. However, the data service will not continue for the customers who will fail to upgrade to 4G but will be authorised to voice calls.
Courtesy: Gadgets 360 NDTV
While Bharti Airtel and Reliance Jio have added millions of subscribers to their networks in October, Vodafone-Idea Ltd has lost around 2.7 million customers. According to the Telecom Regulatory Authority of India (TRAI), Airtel and Jio have got 2.2 million and 3.7 million new users. Besides, their user base stands at 406 million and 330 million respectively. However, the user base of the Vodafone-Idea remains at 293 million.