India finally OKs Vodafone Idea debt-to-equity conversion
Cash-strapped telco Vodafone Idea was finally thrown a lifeline late last week, but it comes at a high price.
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Vodafone Idea
Cash-strapped Vodafone Idea reportedly seeks emergency $850 million loan
Indian operator Vodafone Idea’s money troubles show no signs of abating any time soon.
Indian government set to complete its latest Vodafone Idea move
It looks like the Indian government is about to deliver on its promise to forgive some Vodafone Idea debt in return for a third of the company.
Vodafone India raises $600 million, but it’s still not enough
Vodafone Idea is getting an equity funding injection of close to US$600 billion from a trio of entities owned by its existing shareholders.
Bharti Airtel to purchase a 4.7% stake in Indus Towers
Indian MNO Bharti Airtel has said it will snap up a 4.7 percent stake in cell tower firm Indus Towers from Vodafone Idea.
Vodafone Idea CEO insists government won’t control company
Following the news that Indian government is set to become the largest single shareholder on troubled operator Vodafone Idea, its boss reckons he’ll still be calling the shots.
Indian government continues its shakedown of Vodafone Idea shareholders
Struggling Indian telco Vodafone Idea is handing over a third of the company to the government in return for deferring its debts for four years.
Bharti Airtel and Vodafone Idea both hike prices, citing the need to increase ARPU
Two of the three major Indian mobile network operators have felt forced to increase the price of many of their tariffs so they can pay their bills.
Vodafone Idea given three weeks to pay $270m in fines
Just as struggling Indian operator Vodafone Idea thought it had caught a break, telecoms regulator TRAI has demanded it pays millions in fines within weeks.
Struggling Indian telcos get the news they have been waiting for
India’s beleaguered operators are doubtless celebrating after the government approved a relief package that will essentially reduce their outgoings.
Vodafone Idea still holding out for government help
Vodafone Idea remains touchingly optimistic that the Indian government will come through with a telecoms reform package to keep its business afloat.
Indian telcos band together on market reform
In a rare show of unity, India’s telecoms operators are lobbying the government for a significant sector reform package that would ease taxes, spectrum payments and other levies.
Vodafone Idea blames Covid for Q1 weakness, still looking for investors
Vodafone Idea has turned in another disappointing set of quarterly results but, despite once again expressing doubts about its ability to continue operations, has blamed the Covid-19 pandemic for its weak performance.
Rumours of Vodafone Idea giveaway persist as Birla steps down
Indian billionaire Kumar Mangalam Birla has stepped down as non-executive chairman of Vodafone Idea sending the troubled telco’s shares into freefall as rumours that its main shareholders are prepared to give away their stakes for free continue to swirl.
Vodafone reportedly seeking to further reduce its exposure to India
Last week the Indian Supreme Court rejected another appeal to lower the amount of money operators owe the government and it looks like Vodafone is running out of patience.
Vodafone Idea loses customers but should still find investors
Indian operator group Vodafone Idea is struggling for customers and for the cash it needs to keep its business afloat.
Vodafone Idea seeks a fresh start by rebranding as Vi
Sometimes the best way to deal with seemingly insurmountable odds is to buy a new outfit and just front up.
Vodafone Idea open to anything that might help it survive
Reports from India suggest beleaguered telco Vodafone Idea is considering a share sale and even investment from Verizon to keep it alive while it pays off the government.
Indian operators given ten years to pay up
The Indian Supreme Court had made the final judgment on the matter of the mountain of cash owed to the government by Vodafone Idea and Bharti Airtel.
India Supreme Court rules against Vodafone Idea and Bharti Airtel
Competition in the Indian market might get a lot smaller as the Indian Supreme Court rules Vodafone Idea and Bharti Airtel will both have to pay Government estimates on spectrum fees.
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