Vodafone Concept has acquired in-principle approval for ₹14,000 crore from a consortium of banks led by the State Financial institution of India. Sources within the know instructed businessline {that a} consortium of assorted PSU banks and two main non-public sector banks has given in-principle approval of those funds. Earlier within the yr, Vodafone Concept instructed its shareholders … Read more
To clear dues with community distributors, Nokia and Ericsson, Vodafone Concept introduced on Thursday that it’s going to allot them shares on a preferential foundation. Vodafone Concept knowledgeable the exchanges on June 13 that its board has authorised the issuance of about 166 crore shares at ₹14.80 per share to lift funds as much as … Read more
Our Bureau Simply as Bharti Airtel crossed the $100 billion market cap on Might 27 this 12 months, brokerage agency, CLSA highlighted that the nation’s second largest operator has benefitted essentially the most from tariff hikes. On Monday, CLSA famous that between FY20 and FY24, Bharti Airtel skilled a 54 per cent improve in common … Read more
‘In life all the time account for variable change!’ This quote from the film 21 , underscores how if we fail to issue for shifting elements in a product that has quite a few variables, chances are high excessive that we could get caught on the incorrect foot. Additionally learn:Majority of Vodafone Concept’s AGR dues … Read more
The largest winner from the profitable Vodafone Concept FPO that was efficiently concluded final month was not Vodafone Concept, it was moderately Indus Towers which has witnessed a change of fortunes as in comparison with identical time final yr. From a lifetime excessive of ₹479 in 2015, the inventory of Indus Towers was in … Read more
Losses for operator Vodafone Concept widened year-on-year (y-o-y) by 19.5 per cent for the final quarter of fiscal 2024. In Q42024, Vi reported a lack of ₹7,674.6 crore versus a lack of ₹6,418.9 crore reported identical time final 12 months. Revenues for the operations remained largely stagnant y-o-y. In Q4FY24, Vi’s income stood at ₹10,606.8 … Read more
Losses for operator Vodafone Concept widened year-on-year (y-o-y) by 19.5 per cent for the final quarter of fiscal 2024. In Q42024, Vi reported a lack of ₹7,674.6 crore versus a lack of ₹6,418.9 crore reported similar time final 12 months. Revenues for the operations remained largely stagnant y-o-y. In Q4FY24, Vi’s income stood at ₹10,606.8 … Read more
After reaching a whole subscription on their follow-on public supply, Vodafone Concept CEO Akshay Moondra has written to clients, saying that the corporate is on a brand new development trajectory. In a letter shared with Vi clients, Moondra stated, “I’m delighted to share some thrilling information with you: Vodafone Concept (Vi) has just lately achieved … Read more
ATC Telecom Infrastructure on Friday bought its whole 2.87 per cent stake in telecom operator Vodafone Concept for ₹1,840 crore by an open market transaction. American Tower Company (ATC) Telecom Infrastructure is likely one of the largest infrastructure service suppliers for Vodafone Concept. Additionally learn:ATC to transform Vodafone Concept OCDs price ₹1,440 crore into fairness … Read more
Mobile Operators Affiliation of India (COAI), which represents telecom operators equivalent to Bharti Airtel, Reliance Jio and Vodafone Thought, has written to the federal government on issues concerning very important requirement for contribution by stakeholders in direction of addressing rising knowledge site visitors and related infrastructure prices in Indian telecom trade. It was in continuation … Read more