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Thursday, March 28, 2024
TopicVodafone Idea

Topic: Vodafone Idea

Govt’s debt-to-equity move gives Vodafone Idea a boost, but telco’s nightmare doesn’t end there

New Delhi: The government’s nod to convert telecom operator Vodafone Idea’s interest dues into equity is expected to free up cash flows for the...

Vodafone Idea to convert govt dues into equity worth Rs 16,425 crore

Centre directed the mobile service provider to convert into equity all the interest related to payments for spectrum and other dues owed to the govt for use of airwaves.

SEBI clears government’s proposal to turn Vodafone Idea dues into equity

Among the country's three major telecom players, including Bharti Airtel and Jio, the govt package was seen as a bailout for Vodafone Idea, which was on the verge of bankruptcy.

Reliance Jio emerges as top bidder for 5G with Rs 88,078 cr bid, Adani acquires airwaves worth Rs 212 cr

While Adani group bought spectrum in the 26 GHz band, which is not for public networks, Jio acquired the coveted 700 MHz spectrum that can provide 6-10 km of signal range.

Govt stake in cash-strapped Vodafone Idea could be a boon — provided it has an exit plan

Rules-based framework should be put in place up front for govt to exit from Vi, sell 35.8% stake to public. This should prevent future govts from treating it permanently as PSU.

Vodafone Idea says govt doesn’t want to run company post bailout

Aiming to reassure investors, Vodafone Idea CEO & MD Ravinder Takkar said the govt wanted three private players in the market and promoters to run the company.

Indian govt to now own 35.8% stake in Vodafone Idea after converting dues into equity

The move will result in dilution for all the existing shareholders of the company. Vodafone Group will own around 28.5% and Aditya Birla Group will have about 17.8%.

Vodafone Idea in talks with SBI for loan after relief from Modi govt

The bank loan, if it materialises, will be a lifeline for the company which hasn’t reported annual profit since Mukesh Ambani's Reliance Jio unleashed a tariff war in 2016.

Good to see telecom crisis resolved. Govt should promote competition to boost private sector

Greater private participation in a sector isn’t enough. It needs to be accompanied with a conducive environment for promoting competition.

Kumar Mangalam Birla steps down as non-executive chairman, director of Vodafone Idea

The board of directors of Vodafone Idea have accepted Birla's request & Himanshu Kapania, a telecom industry veteran, has been appointed as the non-executive chairman.

On Camera

Social media has made news more graphic. Torture by Russian military is latest example

Before social media, depiction of violence on news was the exception—graphic visuals were either not shown on TV or in newspapers or the images were blurred. This is no longer the case.

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.