Saturday, 29 January, 2022
TopicVodafone Idea

Topic: Vodafone Idea

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.

Vodafone Idea plans to raise $1.5 billion to revive business, days after relief from SC

The telecom operator is working to identify potential investors in US & could also raise part of the funds through other methods such as an offering of equity-linked securities.

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