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Vodafone Idea share falls 8 percent After Q3 Loss Widens

Vodafone Idea share falls 8 percent After Q3 Loss Widens

Monday, January 24, 2022

Shares of Vodafone Idea fell by over 8 percent in early trade on Monday after the company reported widening of its consolidated losses to ₹ 7,230 crores for the December quarter period of the current fiscal from Rs 4,532.1 crore compared to the corresponding quarter last year. The operational performance of the company was weak in the reported quarter. The Consolidated operating profit of the company declined 1.2 percent on a quarter-on-quarter basis to Rs 3,816.5 crore despite the company undertaking tariff hikes in the quarter. Consolidated revenue from operations declined by 10.8 percent to ₹ 9,717.3 crores, from ₹ 10,894.1 crores in the year-ago period. The company's earnings per share dropped from Rs 24.8 lakh in Q2FY22 to Rs 25.2 lakh in the latest quarter. The company reported a paid-up equity share capital of Rs 28,735.4 crore, the same as the previous quarter. Read more

Voda Idea down 20 percent as board approves conversion of govt dues into equity

Voda Idea down 20 percent as board approves conversion of govt dues into equity

Tuesday, January 11, 2022

Shares of Vodafone Idea slumped 20 percent to Rs 12.05 on the BSE in Tuesday’s intraday trade after the telecom company’s board approved a plan to convert the full amount of interest related to spectrum auction installments and adjusted gross revenue (AGR) dues into government equity."Since the average price of the Company’s shares at the relevant date of 14.08.2021 was below par value, the equity shares will be issued to the Government at a par value of Rs 10/- per share, subject to final confirmation by the DoT. The conversion will therefore result in dilution to all the existing shareholders of the Company, including the Promoters," Vodafone Idea said. The new shareholding structure at Vodafone Idea, with the government, set to hold around a 35.8 percent stake, could turn out to be a significant breakthrough for the financially-stretched mobile operator. It leaves Vodafone with a 28.5 percent holding, while the Aditya Birla Group's stake will be at 17.8 percent. Read more

MARKET UPDATE:BSE Sensex up over 174 points at 60,570, and NSE Nifty at 18,047, higher by 44 points

MARKET UPDATE:BSE Sensex up over 174 points at 60,570, and NSE Nifty at 18,047, higher by 44 points

Tuesday, January 11, 2022

The Indian benchmark indices started on a positive note today(11th January 2022) extending the previous session's strong rally. The BSE Sensex was up over 174 points at 60,570, and the NSE Nifty was at 18,047, higher by 44 points. In the broader market, the BSE MidCap and SmallCap indices were also in the green zone and were up 0.2 and 0.6 percent, respectively. Among the Sensex-30 constituents, HDFC, NTPC, Ultratech Cement, PowerGrid, Sun Pharma, HUL, IndusInd Bank, Bajaj Finserv, Titan, and Dr. Reddy's were the top gainers, up between 0.4-1.6 percent. On the Nifty, Grasim, Tata Consumer, Shree Cement were the additional gainers. Meanwhile, Tata Steel, Bajaj Finance, Asian Paints, M&M, Kotak Bank, L&T, ICICI Bank, SBI, and Axis Bank were the top losers, down 0.3-4 percent on the BSE. Read more

Tanla hits 5% upper circuit on tie-up with Voda Idea

Tanla hits 5% upper circuit on tie-up with Voda Idea

Tuesday, December 7, 2021

Shares of Tanla Platforms were locked at a 5 percent upper circuit and hit a 52 week high of Rs 1,675.90 on the BSE on Tuesday after the company announced the partnership with Vodafone Idea. Tanla and Vodafone Idea announced a partnership wherein Tanla will be the exclusive provider of solutions to secure, encrypt and enhance performance for the entire international messaging traffic on the Vi network. India’s international messaging market is estimated to be around Rs 3,500 crore annually," Tanla Platforms said in an exchange filing. The companies entered into a partnership to deploy patented block-chain enabled Wisely Platform to manifold increase ROI for global enterprises, The partnership will be hosted on Tanla’s cloud-based ‘Wisely’ platform, co-developed with Microsoft, and is expected to help the telco strengthen its position in the global enterprise market. Read more

Telecom stocks;Bharti Airtel, Vodafone Idea gain upto 7%

Telecom stocks;Bharti Airtel, Vodafone Idea gain upto 7%

Monday, November 1, 2021

Shares of telecom service providers gained up to 7 percent on the BSE in today’s(1st Nov.2021) intra-day trade after RJio launched the much-awaited JioPhone Next. Jio Platforms (“Jio”), a majority-owned subsidiary of Reliance Industries (RIL). JioPhone Next will be made available from November 4. The device is priced at Rs 6,499. However, the company is offering customers EMI options starting at Rs 300 per month with a down payment of Rs 1,999. According to ICICI Securities, the pricing per se is not disruptive given the slew of smartphones already available in the Rs 5,000-7,000 range as well as the current mix of Rs sub 3,000 phone and sub Rs 100 ARPU paid by existing lower strata of 2G users. “We expect Jio move to target ARPU up gradation as well as retention of its own existing low-cost JioPhone users,” the brokerage firm said in a note. Read more

MARKET UPDATE:BSE Sensex hit a new pinnacle of 59,551, up 400 points while NSE Nifty claimed 17,747, up 118 points

MARKET UPDATE:BSE Sensex hit a new pinnacle of 59,551, up 400 points while NSE Nifty claimed 17,747, up 118 points

Friday, September 17, 2021

Today (17th Sept.2021) financial stocks, along with RIL, ITC, and Tata Steel, fired upon the bourses, lifting Indian benchmark indices to fresh all-time highs. The BSE Sensex index hit a new pinnacle of 59,551 in early deals, up 400 points, while the Nifty50 claimed 17,747, up 118 points. Bajaj Finance (up 2.7%), SBI, ITC, Bajaj Finserv, Bharti Airtel, Kotak Bank, Maruti Suzuki, and Titan were the top gainers on the 30-share pack. Sectorally, the Nifty PSU Bank index jumped 1%, followed by the Nifty Bank index (0.8%) and the Nifty Financial Services (0.7%). Shares of Vodafone Idea continued their upward movement and were up 10 percent at Rs 12.37 on the BSE in the intra-day trade today. The stock has zoomed 39 percent in the past two trading days after the government announced a relief package for the telecom sector.

Vodafone Idea is Hopeful of govt support: Vi chairperson

Vodafone Idea is Hopeful of govt support: Vi chairperson

Tuesday, September 7, 2021

Vodafone Idea (V I) is hopeful of government support in generating reasonable returns on its investment and addressing the challenges plaguing the telecom sector, the company’s chairperson Himanshu Kapania said in a letter to shareholders. Kapania took over from Kumar Mangalam Birla on August 4, days after the Supreme Court rejected its application for a correction in the calculation of adjusted gross revenue dues. The telecom company’s operational performance has been impacted by intense competition, low tariffs, and a debt of Rs 1.9 trillion leaving it with a little surplus for network upgrade. The company has sought an additional one-year moratorium on spectrum dues and is pitching for a decision on floor price for telecom. Read more

To save or not to save Vodafone Idea-Government's dilemma

To save or not to save Vodafone Idea-Government's dilemma

Thursday, August 5, 2021

If the government wants to work on the survival of the Vodafone Idea it will have to make substantial payments, as well as forego revenues in FY’23, because it will have to extend the same incentives to the entire telecom sector. According to estimates, the industry has to spend around Rs 21,000-Rs 25,000 crores for spectrum which it bought on a deferred payment basis. Vodafone Idea has asked for a moratorium for another year (FY23). If granted, the government will have foregone the installment payout for the third year in a row as it has already provided a moratorium for two years, giving telcos Rs 42,000 crore worth of relief. However, the payouts will be adjusted with interest for the remaining years of the staggered payment (16 years) scheme and this remains unchanged. Read more

Vodafone Idea slips 15% after posting loss in Q4

Vodafone Idea slips 15% after posting loss in Q4

Thursday, July 1, 2021

Shares of Vodafone Idea tanked 15 percent to Rs 8.46 on the BSE in Thursday's intra-day trade after the company reported a big loss of Rs 7,023 crore during January-March quarter as against Rs 4,532 crore in the previous quarter (Q3FY21). The revenues declined sharply by nearly 12% on a quarter-on-quarter basis to Rs 9,608 crore, much below analyst expectations of Rs 10,040.50 crore. Ebitda (earnings before interest, tax, depreciation, and amortization), however, increased 2.8% sequentially to Rs 4,408 crore. Ebitda margins came in at 45.9%, a sharp increase of 660 basis points quarter-on-quarter.The company’s average revenue per user (Arpu) during the quarter declined to Rs 107 compared with Rs 121 in the preceding quarter. Average data consumption, however, rose to 13,068 MB against 12,288 MB in the previous quarter. Read more

Despite delay in tariff hike Analysts positive on telecom service providers

Despite delay in tariff hike Analysts positive on telecom service providers

Friday, March 26, 2021

A delay in tariff hike by telecom services providers Bharti Airtel, Vodafone Idea (Vi), and Reliance Jio (a subsidiary of Reliance Industries) has not yet turned analysts cautious on the sector. On the contrary, the underperformance of Bharti Airtel and Vi at the bourses, relative to the benchmark S&P BSE Sensex and S&P BSE Telecom indices on a year-to-date (YTD) basis, can be used as an opportunity to enter these stocks from a long-term perspective, analysts say. So far in the calendar year 2021 (CY21), the stock of Bharti Airtel has risen 2.8 percent on the BSE while Vi has declined 8 percent. Peer firm Reliance Industries’ stock that now is seen by analysts as a play both on telecom and oil, on the other hand, has risen 3.2 percent, ACE Equity data show. In comparison, Sensex and BSE Telecom indices are up 2.9 percent and 4 percent, respectively during the period. Read more

Deadline for Vodafone Idea’s funding talks extended

Deadline for Vodafone Idea’s funding talks extended

Wednesday, February 10, 2021

The deadline for exclusive talks between Vodafone Idea and a foreign lenders’ consortium led by Oak Hill Advisors for finalising the terms of a $2-billion credit line for the telco has been extended to February 28 from January 31, according to some sources. “The lock-in for exclusive talks has been extended as lenders are keen to close the deal but also want some safeguards and business milestones in place to protect their potential investments, especially as Vi’s financial struggles seem far from over as it continues to lose revenue and users,” according to the sources.

Bharti Airtel, Vodafone Idea shares plunge up to 9% after Jio launches new post-paid plans

Bharti Airtel, Vodafone Idea shares plunge up to 9% after Jio launches new post-paid plans

Wednesday, September 23, 2020

Shares of telecom service providers, Bharti Airtel and Vodafone Idea (Vi) shares fell up to 9 per cent in Wednesday’s trade after Reliance Jio rolled out postpaid tariff plans, making a concerted bid for the higher paying subscribers of India's older operators. Under the new plans, Jio is offering an extensive content portfolio at a rate which is 6-20 per cent cheaper than Airtel and Voda-Idea. Reliance Jio has introduced new postpaid plans called JioPostpaid Plus that offers a free subscription to OTT platforms Amazon Prime, Disney+ Hotstar, and Netflix and a host of other benefits. It is also offering in-flight connectivity for Indian travellers going overseas, free international roaming in the US and UAE, besides other offers. Jio’s new monthly post-paid tariff plans range from Rs 399 to Rs 1,499, will be available from September 24 in Jio Stores and via home delivery, while Airtel’s postpaid plans start at Rs 499, though Vi’s also begin from Rs 399. Read more

Verizon, Amazon may invest over $4 billion in Vodafone Idea

Verizon, Amazon may invest over $4 billion in Vodafone Idea

Thursday, September 3, 2020

Verizon Communications Inc(US wireless carrier) and Amazon.com Inc may invest more than $4 billion for a stake in India's Vodafone Idea Ltd, the Mint newspaper reported today (3rd Sept.2020), sending shares of Vodafone Idea up 10 percent. Vodafone Idea's stake-sale talks had been paused pending the outcome of a court hearing in India, which created uncertainty and could have threatened Vodafone Idea's survival, Mint reported, citing two unnamed people aware of the negotiations. But Amazon and Verizon are set to resume discussions following a Supreme Court ruling on Tuesday which gave mobile carriers 10 years to settle government dues.

Bharti Airtel jumps 7 percent, Voda Idea tanks 20 per cent after AGR Dues Verdict

Bharti Airtel jumps 7 percent, Voda Idea tanks 20 per cent after AGR Dues Verdict

Tuesday, September 1, 2020

Shares of Bharti Airtel Ltd. gained 7 per cent to Rs. 555, a biggest single-day gain since May, while Vodafone Idea Ltd. hit a lower circuit of 20 per cent after the Supreme Court granted telecom operators 10 years to pay thousands of crores worth of pending dues. The apex court said telcos should pay 10 per cent of the AGR-related dues by March 31, 2021. It further added that every year by February 7 a payment has to be made. The chairmen of the telecom companies will have to give undertakings for payments, according to an order by the three-judge panel headed by Justice Arun Mishra. Default on payment instalments will invite interest, penalty and contempt of court. According to the DoT’s calculations, Bharti Airtel owes the exchequer Rs 43,780 crore, of which the company has paid Rs 18,004 crore. Vodafone Idea has paid Rs 7,854 crore of its Rs 50,399 crore dues.Market experts think the ruling will certainly put pressure on Vodafone Idea which owes more than Rs 50,000 Read more

Vodafone Idea shares skyrocket 48% intraday

Vodafone Idea shares skyrocket 48% intraday

Wednesday, February 19, 2020

Vodafone Idea share price surged as much as 48 per cent intraday on February 19. As the government officials from the finance and the telecom ministry met today, they indicated doing all that is possible to retain at least three private players in the industry. Vodafone Idea on February 17 authorised an immediate payment of Rs 2,500 crore to the DoT as part payment of AGR dues and would pay another Rs 1,000 crore before the end of the week. Analysts suggest investors exit their investment in Vodafone Idea citing regulatory-related volatility and risks. Only short term trading could be done and investment should be avoided as of now

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