Tag: Vodafone

Flush with capital, Jio turns up the heat on Airtel and Vodafone Idea

Early this month, Bharti Airtel Ltd’s shares traded at about 550 apiece. They are now 21% lower at about 433. One reason, of course, is that Vodafone Idea Ltd is now expected to survive after the Supreme Court’s final ruling in the AGR (adjusted gross revenue) case. But another is the increased aggression by Reliance Jio Infocomm Ltd, after a massive fund raise by its parent, Reliance Industries Ltd (RIL). “Jio’s aggression in the telecom sector seems to be back post RIL’s significant capital raise, perhaps with an endeavour to fill the gaps in the fixed broadband, postpaid and low-end prepaid customer segments,” said analysts at Kotak Institutional Equities in a note.

First, Jio announced a reduction in effective tariffs in the fixed broadband segment, forcing competitors such as Airtel to follow suit. The latest battlefront is the postpaid segment, with Jio announcing new tariff plans with a

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Airtel, Vodafone Idea Feel The Heat Of Jio’s New Postpaid Plans, Falls 5% Each

Duration: 08:48

Bharti Airtel Ltd and Vodafone Idea Ltd lost 5-6% in Wednesday trade after Reliance Jio Infocomm Ltd announced new tariff plans for postpaid customers. Shares of Jio’s parent Reliance Industries Ltd (RIL) gained 1.6%. RIL separately announced a new investment in its unit Reliance Retail Ventures Ltd.#CNBCTV18 #Telecom #Jio #VodaIdea #AirtelCNBC-TV18 is India’s No.1 Business medium and the undisputed leader in business news. The channel’s benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across India. India’s most able business audience consumes CNBC-TV18 for their information & investing needs. This audience is highly diversified at one level comprising of key groups such as business leaders, professionals, retail investors, brokers and traders, intermediaries, self-employed professionals, High

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Response on Vodafone Idea’s RedX plan within a week, says TRAI Chief



Response on Vodafone Idea’s RedX plan within a week, says TRAI Chief


© Megha Mishra
Response on Vodafone Idea’s RedX plan within a week, says TRAI Chief

The Telecom Regulatory Authority of India (TRAI) will submit its response to Vodafone Idea’s justification of its premium plan RedX, within a week, TRAI Chairman RS Sharma said.

Sharma, as per a report by Mint, said that the telecom company’s response is “under investigation” and is not about “gains and losses of a company”.

“The probe is about certain principles, and we are asking certain specific questions on the plan and the response has come recently,” he added.

Sharma added that the investigation was prompted as Vodafone challenged TRAI’s decision to withhold on-boarding of new customers with the Telecom Disputes Settlement and Appellate Tribunal (TDSAT).

“They challenged our decision at TDSAT, which directed us to investigate it. Vodafone Idea has submitted the answers to our questions. We are examining them, and within a week, we

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Reliance Industries, Tata Motors, Vodafone Idea, auto stocks

NEW DELHI: Here is the list of top 10 stocks that could be in focus Monday:

Reliance Industries: Carlyle Group is looking to invest $1.5-2 billion to buy a stake in Reliance Retail Ventures Ltd (RRVL), said two people aware of the development, joining a string of marquee investors that are keen on buying stakes in units of Mukesh Ambani-led Reliance Industries Ltd.

Tata Motors: Has initiated the process of selling stakes in units Tata Technologies Ltd and Tata Hitachi Construction Machinery Co. Pvt. Ltd as part of its ambitious plan to turn debt-free in three years, Mint reported citing people aware of the plans. “The intent is to monetise non-core assets and the exercise has begun with these two companies,” said one of the three people.

Vodafone Idea: The telco, which is under scrutiny of the Telecom Regulatory Authority of India (Trai) over its RedX premium plan, last

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Vodafone Idea plans to raise Rs 35,000 crore; share trades in the red



a close up of a sign: Vodafone Idea plans to raise Rs 35,000 crore; share trades in the red


© Nishant Kumar
Vodafone Idea plans to raise Rs 35,000 crore; share trades in the red

Vodafone Idea share price fell about 3 percent in morning trade on BSE on September 11 as reports said that the company was planning to raise Rs 35,000 crore.

As per a CNBC-TV18 report, Vodafone Idea is looking to raise Rs 10,000 crore via the sale of fibre business and data centre. It will raise another Rs 25,000 crore through debt and equity.

As per the report, Vodafone Idea has cleared the appointment of merchant bankers for data centre sale. It wants to sell both the fibre and data centre assets by the end of the year.

The company will engage with more players for the sale of fibre assets. Brookfield and KKR are already in contention, with Brookfield being the front runner, the report added.

Moneycontrol could not independently verify the report.

The

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No remuneration for Vodafone Idea CEO during 3-year tenure

New Delhi: Vodafone Idea managing director and chief executive officer Ravinder Takkar will not be given any remuneration during his current tenure of three years, according to a proposal by the company.

Vodafone Idea Limited (VIL) may bear expenses incurred by Takkar for the business of the company, the notice for the 25th annual general meeting of the company stated.

 

The AGM is scheduled to be held on September 30.

VIL appointed Takkar as its MD and CEO following the resignation of Balesh Sharma from the post.

According to the notice, Takkar has been appointed as MD and CEO for a period of three years with effect from August 19, 2019. He will be given “nil remuneration”.

His predecessor Sharma was paid Rs 8.59 crore in remuneration during his tenure and he was not entitled to any increase in the remuneration during 2019-20.

While other terms of Takkar’s appointment provide

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Indian telecom giant Vodafone Idea rebrands as ‘Vi’

Vodafone Idea, one of the largest telecom operators in India, has rebranded as ‘Vi’ as it looks for a “fresh start” three years after the British telecom giant Vodafone Group’s India business and billionaire Kumar Mangalam Birla’s Idea Cellular merged in the country.

“As the integration of two businesses is now complete, it’s time for a fresh start. That’s why we believe that now is the perfect time to launch Vi, one company which provides the strength of Vodafone India and Idea,” Vodafone Group CEO Nick Read said at a virtual conference on Monday.

Vodafone Idea, once the largest telecom operator in the country with over 400 million subscribers, has lost more than 100 million subscribers in recent years to new comer Jio Platforms in recent years.

India’s richest man Mukesh Ambani’s telecom venture has become the largest telecom operator with nearly 400 million subscribers with its cut-rate mobile data

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Vodafone Idea rebrands in fight for India’s telecom market share

Adds CEO quote, details on tariff raise

NEW DELHI/BENGALURU, Sept 7 (Reuters)Vodafone Idea Ltd VODA.NS said on Monday it is rebranding itself as the debt-ridden telecoms carrier, which has been losing customers, looks to change its image three years after it announced the biggest merger in India’s telecoms market.

The loss-making carrier on Friday approved fundraising of up to 250 billion rupees at a time it owes roughly 500 billion rupees ($6.81 billion) in dues to the government. The dues, according to an Indian Supreme Court order, will have to be paid over a ten-year period.

Vodafone Idea, a joint venture between Britain’s Vodafone Group VOD.L and India’s Idea Cellular, said it will go by the brand name “Vi”.

“Vi’s focus will be to deliver … a superior network experience, better customer service and leading products and services,” Vodafone Group Chief Executive Officer Nick Read said.

On

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Vodafone Idea Rebrands Itself as ‘Vi’ to Make up For Lost Customers Amid Telecom Battle



a close up of a sign: Vodafone Idea


© Sharmita Kar | India.com Business Desk
Vodafone Idea


New Delhi: Two years after its merger, debt-ridden telecom major Vodafone Idea on Monday announced a unified rebranding as ‘Vi’ to overcome the losses faced amid the AGR battle. With the new branding of Vodafone Idea marks the culmination of the largest telecom integration in the world and aims to bring back its lost customers by focusing on a digital-first environment. “Vodafone Idea came together as a merged entity two years ago. We have, since then focused on integrating two large networks, our people and processes. And today I am delighted to present Vi, a brand that will bring important meaning to lives of our customers,” said Vodafone Idea Ltd MD & CEO Ravinder Takkar, launching the brand. The brand integration sets the company on its future journey to offer world-class digital experiences to 1 billion Indians on the strong 4G
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Vodafone Idea plans to rebrand as ‘Vi’ as it prepares for telecom battle | Business

Sep 07, 2020, 03:18PM ISTSource: TOI.in

Vodafone Idea Ltd said on Monday it plans to rebrand itself as the debt-ridden telecoms carrier, which has been losing customers, looks to change its image three years after it announced the biggest merger in India’s telecoms market. The loss-making carrier on Friday approved fundraising of up to Rs 25,000 crore at a time it owes roughly Rs 50,000 crore ($6.81 billion) in dues to the government. The dues, according to the Supreme Court order, will have to be paid over a ten-year period. Vodafone Idea, a joint venture between Britain’s Vodafone and India’s Idea Cellular, said it will go by the brand name “Vi”. “This is an important next step to launch our new unified business under a new unified brand, Vi. Back in 2018, the combination of Vodafone India and Idea created the new champion for the government’s vision of Digital

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