Thursday, 18 August, 2022
TopicVodafone Idea

Topic: Vodafone Idea

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.

K M Birla offers to hand over his Vodafone Idea stake to government

According to official data, VIL had an adjusted gross revenue liability of Rs 58,254 crore out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.

Supreme Court rejects Vodafone, Airtel plea seeking reassessment of dues

A two-judge panel headed by L. Nageswara Rao Friday dismissed the petitions by Vodafone Idea and Bharti Airtel Ltd Friday, without without giving reasons.

Vodafone Idea to raise Rs 25,000 cr to restore its financial health after SC order on dues

The telecom giant had previously said it would not plow any more of its own money into the indebted, loss-making business that may become insolvent without govt help.

On Camera

YourTurn

Bihar Chief minister Nitish Kumar with Deputy CM Tejaswi Yadav | ANI File Photo

Operation Lantern fails to light up in Bihar. And BJP in search of a Brahmin face in UP

The no-fuss change of government in Bihar, without horse-trading or MLAs in resorts, has prompted a coalition partner to request the CM to make arrangements for a trip to a hill station.
Farmers plant paddy saplings in a field | PTI Photo

Good news from the farm as India’s FY22 foodgrain production estimated at record 316 mn tonnes

Wheat production estimate sees marginal upward revision to 106.8 million tons, though current rate lowest in 3 years.

Defence

(From left) Defence Minister Rajnath Singh, External Affairs Minister S. Jaishankar, US Secretary of Defence Lloyd J. Austin and US Secretary of State Antony Blinken after the India-US 2+2 Ministerial Dialogue, in Washington, 12 April, 2022 | Credit: ANI Photo/ PIB

USAF secy needs Pentagon escort but Indian attaché doesn’t — that’s how deep India-US ties are

Frank Kendall, Secretary of the US Air Force, says the unescorted access to Pentagon for Indian defence attaché 'is aligned with the trust and cooperation we share'.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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