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IDEA Cellular Limited Related news

Vodafone Idea begins fresh talks with govt on AGR dues: CEO Akshaya Moondra

Vodafone Idea begins fresh talks with govt on AGR dues: CEO Akshaya Moondra

Vodafone Idea (Vi) has begun a “fresh dialogue” with Centre to resolve the Adjusted Gross Revenue (AGR) dues issue, CEO of the telecom major Akshaya Moondra told analysts on Monday, asserting that the long-term business plans and revival strategy of the company remain “unaffected” from the curative petition outcome.

He also said the telco expected its ongoing efforts to raise debt funding to be completed in the next 2 months, as an independent third party has completed the techno-economic evaluation.

Vodafone Idea plans to clear Rs 1,500 cr debt to Nokia by December 2025

Vodafone Idea plans to clear Rs 1,500 cr debt to Nokia by December 2025

Vodafone Idea (Vi) plans to settle its outstanding legacy operational dues to Finland's Nokia, totalling around Rs 1,500 crore, through multiple cash instalments by December 2025, according to a report by The Economic Times.

The report quoted a source as saying, "But the Finnish vendor is yet to accept the proposal."

May restrict services to Vodafone Idea if dues unpaid: Indus Towers to Trai

May restrict services to Vodafone Idea if dues unpaid: Indus Towers to Trai

Indus Towers has informed the Telecom Regulatory Authority of India (Trai) that it may limit services to Vodafone Idea (Vi) due to mounting receivables, as reported by The Economic Times. The company has also criticised Vi for its "wilful and continuous" failure to meet payment obligations.

As of September 30, Vi is in debt to Indus Towers to the tune of Rs 7,864.5 crore.

Vi in talks with SBI for loan of Rs 15K-16K crore for capex needs: Report

Vi in talks with SBI for loan of Rs 15K-16K crore for capex needs: Report

Vodafone Idea (Vi) has approached the State Bank of India (SBI) for a loan of Rs 15,000-16,000 crore to meet its capital expenditure needs and fund its gear supply for the 5G rollout, a report in the Economic Times (ET) said.

The talks have reportedly been going on for over a month now and SBI is waiting to get clarity on the government's potential shareholding in Vi, the report added.

The Telecom Churn: Vodafone Idea loses rural connect, Jio is urban king

The Telecom Churn: Vodafone Idea loses rural connect, Jio is urban king

While Jio has consistently added new subscribers (net addition) every year since its launch, Airtel has been able to contain porting out with porting in and new subscribers as they take up smartphones.

Vodafone lost out, not so much in the immediate years after Jio’s entry, as much after the pandemic. In fact, Airtel and Jio added a similar number of net new customers from September 2020 to September 2021, eating into the subscriber base of Vi with nearly equal force.

Vodafone Idea soars 15%, hits fresh 52-week high; stock up 64% in 3-weeks

Vodafone Idea soars 15%, hits fresh 52-week high; stock up 64% in 3-weeks

Shares of Vodafone Idea (Vi) hit a fresh 52-week high of Rs 16.40, on surging 15 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes after the media report suggest that the company managed to raise funds for repayment of interest to bondholders on time.

The stock of telecom service provider was trading at its highest level since May 7, 2019. It surpassed previous high of Rs 15.88 hit on December 6, 2021.

Vodafone Idea hits 31-month high, stock surges 38% in 4 trading days

Vodafone Idea hits 31-month high, stock surges 38% in 4 trading days

Shares of Vodafone Idea (VIL) were quoting higher for the fourth straight trading days, hitting 31-month high of Rs 15.24, up 5.5 per cent on the BSE in Monday’s intra-day trade. The stock of telecom services provider was trading at its highest level since May 8, 2019 and has surged 38 per cent in the last four trading sessions. With the current rally, the market value of VIL has zoomed 235 per cent from its 52-week low level of Rs 4.55 touched on August 5, 2021.

Vodafone Idea soars 12% to hit a 52-week high; stock up 32% this week

Vodafone Idea soars 12% to hit a 52-week high; stock up 32% this week

Shares of Vodafone Idea (VIL) hit a fresh 52-week high of Rs 14.34 after they rallied 12 per cent on the BSE in Friday’s intra-day trade. The stock has surged 32 per cent so far this week. Besides, the stock of the telecom services provider has crossed its 52-week high level of Rs 13.80, touched on January 15, 2021, and has hit the highest level since June 2019.

Till 03:02 pm; a combined 874 million shares changed hands on the NSE and BSE. The stock trades in the futures & option (F&O) segment, which has no circuit limits. In comparison, the S&P BSE Sensex was down 1.3 per cent or 744 points at 57,717.

Vodafone Idea surges 21% in two days, stock nears 52-week high

Vodafone Idea surges 21% in two days, stock nears 52-week high

Shares of Vodafone Idea (VIL) were trading higher for the second straight day, up 6 per cent at Rs 13.40 on the BSE in Thursday’s intra-day trade, and have rallied as much as 21 per cent in past two days on the back of heavy volumes. The stock of telecom services provider was quoting near to its 52-week high level of Rs 13.80 touched on January 15, 2021.

In the past two weeks, the stock has surged 34 per cent after the company increased its prepaid tariff by 20-25 per cent from November 25, 2021.

Vodafone Idea surges 14% on heavy volumes, stock at 9-month high

Vodafone Idea surges 14% on heavy volumes, stock at 9-month high

Shares of Vodafone Idea hit a fresh nine-month high of Rs 12.39, surging 14 per cent on the BSE in Monday’s intra-day trade on back of heavy volumes. In the past six trading days, the stock of telecom services provider has rallied 24 per cent after the company increased its prepaid tariff by 20-25 per cent from November 25, 2021.

The stock was trading at its highest level since February 12, 2021. It had hit a 52-week high of Rs 13.80 on January 15, 2021. At 9:48 am, Vodafone Idea had pared some of its gains and was up 6 per cent at Rs 11.54 on the BSE.

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