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Vodafone Idea plans to raise ₹45,000 crore to match rivals Jio and Airtel
VIL board approves up to ₹20,000 cr equity fundraise; co to raise ₹45,000 cr via equity, debt
Updated on Feb 28, 2024 12:03 AM IST
PTI |
Vodafone completes merger with Idea, creates India’s largest mobile operator
A new board has been constituted for the merged entity “Vodafone Idea Ltd’ with 12 directors (including six independent directors) and Kumar Mangalam Birla as its Chairman.
Updated on Aug 31, 2018 12:44 PM IST
New Delhi | Press Trust of India
Govt gives final nod to Vodafone-Idea merger, to form India’s largest telecom operator
The move comes just days after Idea Cellular and Vodafone India made a joint payment of ₹7,268.78 crore ‘under protest’ to the Department of Telecom (DoT) for merging their mobile businesses.
Published on Jul 26, 2018 04:01 PM IST
Press Trust of India, New Delhi | Press Trust of India
Idea-Vodafone merger approved, some formalities pending: Telecom minister
Vodafone will own 45.1% stake in the combined entity, while Kumar Mangalam Birla-led Aditya Birla Group will hold 26% and Idea, 28.9%.
Updated on Nov 02, 2019 12:50 AM IST
Press Trust of India, Mumbai | Press Trust of India
Telecom ministry clears Idea-Vodafone merger with conditions
The combined operations of Idea and Vodafone will create India’s largest telecom operator worth over ₹1.5 lakh crore.
Updated on Jul 10, 2018 12:04 AM IST
Press Trust of India, New Delhi | Press Trust of India
Idea Cellular Q4 net loss widens nearly 3-fold to Rs 930.6 cr
The company blamed hyper competition and high regulatory headwinds for aggravating the industry’s financial stress.
Updated on Apr 28, 2018 04:48 PM IST
Press Trust of India, New Delhi | Press Trust of India
Not obligated to provide interconnectivity to Jio: Vodafone to Delhi High Court
The submission by Vodafone was made while challenging telecom regulator TRAI’s recommendation to the Centre to impose ₹1,050 crore penalty on it for not giving interconnectivity to Jio.
Published on Apr 24, 2018 07:47 PM IST
Press Trust of India, New Delhi | Press Trust of India
Not obligated to provide interconnectivity to Reliance Jio, Vodafone tells HC
The submission by Vodafone was made during the hearing of the company’s plea challenging TRAI’s recommendation to the Centre to impose ₹1,050 crore penalty on it for not giving interconnectivity to Jio.
Updated on Apr 24, 2018 07:26 PM IST
Press Trust of India, New Delhi | Press Trust of India
Aditya Birla Group in talks to raise $1 billion for Idea Cellular
Promoters of Idea Cellular will sell stake to private equity firms to raise $1 billion, part of which will be used to settle dues arising from the Vodafone-Idea merger.
Published on Apr 17, 2018 01:03 PM IST
Livemint, Mumbai | Deborshi Chaki
DoT awaits FDI clearance for Idea to approve merger with Vodafone
The merged Idea-Vodafone entity will have highest subscriber base of 41 crore accounting for over 35 per cent market share and second largest spectrum holding of 1,850 megahertz in the country.
Published on Apr 15, 2018 01:21 PM IST
Press Trust of India, New Delhi | Press Trust of India
Jio 4G download speed more than twice as high as that of Airtel in January: TRAI
Jio’s 4G download speed at 21.3 mbps was more than two times of rival Bharti Airtel’s average peak speed of 8.8 mbps in January, according to a TRAI report.
Published on Mar 29, 2018 05:54 PM IST
Press Trust of India, New Delhi | HT Correspondent
Vodafone-Idea merger in final stages of approval, says telecom secy
The merger – slated to create India’s largest telecom operator in terms of customer base and revenue market share – is expected to be completed by June this year, subject to statutory approvals, the two companies had stated.
Updated on Mar 27, 2018 04:05 PM IST
Press Trust of India, New Delhi | HT Correspondent