Vodafone Idea Ltd (IDEA)

Vodafone Idea Stock in Focus After Import Duty Hike - 24 Jul, 2024

The Indian government's decision to raise duties on imported telecom equipment will affect companies like Reliance Industries, Bharti Airtel, and Vodafone Idea. Experts predict that Vodafone Idea will be hit hardest due to its lack of 5G deployment and focus on 4G expansion.

Telecom Companies Urge Tax Reforms and Elimination of Customs Duties - 23 Jul, 2024

Reliance Jio, Bharti Airtel, and Vodafone Idea have urged the Indian government to implement tax reforms and eliminate customs duties on telecom equipment. COAI has warned that the government's gradual increase in customs duty on telecom equipment to 20% has significantly impacted the rollout of 5G services. The industry association also cautions that increasing basic customs duty from 10% to 15% on printed circuit board assembly (PCBA) will push up costs for telecom operators.

Vodafone Idea Approves Equity Shares Allotment; TRAI May Direct Data Sharing - 22 Jul, 2024

Vodafone Idea's board approved the allotment of the fourth tranche of equity shares worth Rs 614.5 crore to Nokia and Ericsson. Additionally, TRAI is expected to direct incumbent telecom carriers, including Vodafone Idea, to share data on a monthly frequency basis.

Vodafone Idea Allots Shares Worth Rs 615 Cr Via Preferential Issue - 19 Jul, 2024

Vodafone Idea has approved the allotment of two tranches of equity shares totalling Rs 1,229 crore on a preferential basis to its vendors Nokia and Ericsson. The telecom operator's paid-up equity share capital stands increased to Rs 688,692,891,740 comprising of 68,869,289,174 equity shares of face value of Rs 10 each.

Vodafone Idea Approves Equity Share Allotment & Tariff Hike Amid Subscriber Losses - 18 Jul, 2024

Vodafone Idea approves equity share allotment worth Rs 615 crore to Nokia Solutions and Networks India Pvt. and Ericsson India Pvt., raises tariffs by 11-25%, reports loss of 9.24 lakh subscribers in May, and faces pressure to increase capex for 4G network expansion.

Vodafone Idea Faces Regulatory Hurdles Amidst Positive Outlook - 17 Jul, 2024

Vodafone Idea faces regulatory hurdles as DoT demands payment for recently purchased spectrum. However, Citi maintains a Buy rating with a target price of Rs 23 if Supreme Court reduces AGR dues. Telecom department also suspends operations of two telemarketing entities.

Vodafone Idea Faces Subscriber Loss and AGR Dues - 16 Jul, 2024

Vodafone Idea faces subscriber loss and DoT demand notices for 5G spectrum payments. Citi maintains buy rating with a target price of Rs 23.

Vodafone Idea Seeks Urgent Listing of Curative Plea on AGR Dues - 15 Jul, 2024

Vodafone Idea (Vi) has sought an urgent hearing of its curative petition against the Supreme Court's 2019 judgment on payments to the government. The company faces a huge penalty and interest on penalty that threatens its very existence. COAI recommended abolishing USOF and suspending 5% AGR contribution until the existing corpus is exhausted. Tariff hikes and expected AGR liability reductions are boosting optimism for the telecom sector.

Vodafone Idea Ltd Share Price Soars 119% in a Year - 14 Jul, 2024

The Vodafone Idea Ltd share price has seen impressive growth, up 119% in just one year and 70% over three years. However, revenue growth was only 1%, indicating the market may be considering other factors beyond revenue growth.

Vodafone Idea Receives Shareholders Approval for Preferential Shares Issue - 12 Jul, 2024

Vodafone Idea has received shareholder approval to issue preferential shares to Nokia and Ericsson. The company will issue shares worth Rs 2,458 crore to the two companies. S&P Global Ratings warns that Vodafone Idea's focus on improving network quality could slow subscriber addition rates for competitors.

Vodafone Idea Raises Funds Through Preferential Issue - 11 Jul, 2024

Vodafone Idea raises Rs 2,458 crore through a preferential issue to vendors Nokia and Ericsson to clear part of its outstanding debt. S&P Global expects Vodafone Idea to become a stronger competitor in the telecom market. The company plans to use the funds to expand its 4G coverage and launch 5G services.

Telecom Companies Call for Urgent Tax Reforms in Upcoming Budget - 10 Jul, 2024

Bharti Airtel, Reliance Jio, and Vodafone-Idea have urged the Indian government to abolish regulatory levies, extend carry forward of business losses, and exempt GST and customs duty to revitalize the telecom sector. The recommendations were made ahead of the upcoming Budget 2024-25.

Vodafone Idea Partners with PayU for Digital Payment Solutions - 09 Jul, 2024

Vi Business and PayU have partnered to provide digital payment solutions for Indian MSMEs. However, brokerages expect muted earnings growth for Vodafone Idea due to continued subscriber loss.

Vi Launches Revamped Postpaid Plan; Govt Denies Allowing Tariff Hikes - 08 Jul, 2024

Vodafone Idea's Q1 FY25 revenue is expected to decline by 0.5%, while the telecom sector workforce growth is set to taper down to around 30%. The government has denied allowing tariff hikes, while Vi launched a new postpaid plan with several benefits.

Vodafone Idea Initiates 5G Trials in Three Circles - 05 Jul, 2024

Vodafone Idea has started 5G trials using Samsung's vRAN technology on a non-standalone architecture in Chennai, Karnataka, and Bihar. Despite financial challenges and lagging behind rivals Airtel and Jio in 5G rollout, Vi fulfills its 5G spectrum obligations from the 2022 auction with these trials.

Vi Hikes Tariffs; Global Brokerage Predicts Inflation Rise - 04 Jul, 2024

Vodafone Idea (Vi) is set to be in focus as it hikes tariffs by 11-24%, announces investment plans for enhancing the 4G experience and launching 5G services. Additionally, a global brokerage report predicts that near-simultaneous tariff hikes by Airtel, Reliance Jio, and Vi will increase core inflation by 0.20% in FY25.

Vodafone Idea Faces Price Hike as ICICI Predicts Decline in EBITDA - 03 Jul, 2024

Vodafone Idea faces a price hike on its prepaid and postpaid plans while ICICI Securities predicts a decline in EBITDA due to subscriber losses.

Vi Faces Challenges Amid Tariff Hikes and Subscriber Losses - 02 Jul, 2024

Vodafone Idea faces subscriber losses amid tariff hikes and 5G delays while Bharti Airtel, Reliance Jio, and Vi target customers with 365-day plans. Vodafone UK may offer Rs 2,000 crore equity top-up to Vi from the sale of its stake in Indus Towers.

Vodafone Idea Shares Upgraded by Citi as Telecom Operators Increase Tariffs - 01 Jul, 2024

Vodafone Idea has joined its peers in raising rates for prepaid and post-paid consumers by 10-21%. Meanwhile, Citi has upgraded Vodafone Idea shares to Buy from Neutral and raised its target price by 53% to Rs 23 due to positive industry dynamics and recent tariff hikes. The completion of VI's debt raise from banks, potential equity infusion, and progress on the AGR case are key events to monitor.

Vodafone Idea Raises Tariffs, Analysts Predict ARPU Increase - 29 Jun, 2024

Vodafone Idea has announced an increase in mobile service tariffs by around 10-24%. This move is expected to benefit blended Arpu in the range of 16-18% for Bharti and Reliance Jio. Annual customer outgo on telecom services could potentially increase by ₹47,500 crore after the tariff hikes.