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Home > Vodafone Idea
Vodafone Idea
With total liabilities estimated at Rs 1.4 lakh crore, Airtel and Vodafone-Idea, through the telecom sector association COAI, are seeking waiver of at least the penalty and interest on delayed payments, which constitute about half of the total dues, if a complete waiver of past liabilities is not possible.
Telco bailout will be contempt of SC; will set bad precedent: Jio to Prasad
03 Nov 2019 1:22 PM

Supreme Court in its October 24 order has clearly settled the base on which statutory levies have to be paid, said Reliance Jio.

The company stock rose 23.07 per cent to Rs 4.80 on the NSE.
Vodafone stock surges 23 pc as company denies exiting Indian market
01 Nov 2019 12:08 PM

BSE, NSE had sought clarification from Vodafone Idea over the rumours of the telecom operator exiting the Indian market.

Similarly, the stock declined 9.2 per cent to Rs 3.45 on the NSE.
Vodafone Idea plummets over 9 per cent to hit 52-week low
31 Oct 2019 11:27 AM

Shares of Vodafone Idea slumped 8.66 per cent to Rs 3.48 apiece - its 52-week low - on the BSE.

While older TSPs such as Bharti Airtel and Vodafone-Idea have been talking of financial stress ever since they faced intense competition from free voice and dirt-cheap data from newcomer Reliance Jio, the matter has assumed greater importance after the October 24 judgment of the Supreme Court.
Amid financial bailout buzz, Vodafone Idea, Airtel shares jump by 8.5 pc
30 Oct 2019 12:26 PM

Indian government has created a panel to work out a financial bailout package that may include lowering of spectrum charges.

Airtel said it is approaching the Department of Telecom (DoT) to seek clarity on the total amounts involved and "request for their support to deal with this adverse outcome."
Airtel defers Sept quarter results till Nov 14 citing AGR issue
29 Oct 2019 11:33 AM

The company was earlier scheduled to approve and release its Q2 numbers on Tuesday.

Led by the sharp fall in its shares, Vodafone Idea witnessed an erosion of Rs 3,792.58 crore from its market valuation which is now at Rs 12,442.42 crore.
Vodafone Idea shares crumble over 27 pc in intra-day trade after SC order
24 Oct 2019 5:02 PM

Vodafone Idea plummeted 23.36 pc to close at Rs 4.33 on the BSE. In intra-day, it tanked 27.43 pc to Rs 4.10 -- its 52-week low.

Vodafone Idea has been seeking two-year moratorium on its annual spectrum payment citing debt and stress on balance sheet.
Vodafone top brass meets telecom secy, seeks 2-yr delay on deferred spectrum payment
30 Sep 2019 8:22 PM

Kumar Mangalam Birla, head of Vodafone Idea, had sent an SOS to the government earlier also for deferring statutory payments.

Vodafone Idea's Q1 FY20 revenues fell by 4.3 per cent quarter-on-quarter, belying recent hopes of stability, according to a report by JM Financial Institutional Securities.
Vodafone Idea shares tank over 29 pc after Q1 earnings
29 Jul 2019 1:39 PM

The scrip which opened with nearly 3 per cent decline later saw relentless selling and tanked 28.4 per cent to Rs 6.60,

The revenue of Vodafone Idea for the June 2019 quarter fell to Rs 11,269.9 crore as against Rs 11,775 crore logged in the January-March 2019 quarter.
Vodafone Idea narrows Q1 loss to Rs 4,873.9 crore
26 Jul 2019 6:39 PM

The company had registered a loss of Rs 4,881.9 crore in the fourt quarter of 2018-19, Vodafone Idea Ltd said.

Digital Communications Commission, the apex decision-making body of DoT, last month, approved imposing penalty on Airtel and Vodafone Idea for not providing points of interconnection to Reliance Jio.
Telecom dept approves Rs 3,050 cr penalty on Airtel, Vodafone Idea
24 Jul 2019 7:23 PM

TRAI its stand saying it is not in a position to modify its previously recommended penalty on the operators.

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