Vodafone Group

Showing of 1 - 20 from 42 results
Vodafone Group - Total results - 42
Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report
Business

Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report

The dispute arose after Nissan said Tamil Nadu hadn’t paid certain incentives under a 2008 agreement to set up a car plant in the southern state.

Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
Business

Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report

The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said

Vodafone Idea shares jump 9% as Vodafone Group makes about Rs 1,530 cr accelerated payment
Business

Vodafone Idea shares jump 9% as Vodafone Group makes about Rs 1,530 cr accelerated payment

Shares of Vodafone Idea Ltd ended over 9 percent higher on Thursday after British telecom giant Vodafone Plc said it has advanced infusion of $200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that is facing a humongous liability of past statutory dues

Vodafone Group makes Rs 1,530 cr payment to Vodafone Idea under 'contingent liability mechanism'
Business

Vodafone Group makes Rs 1,530 cr payment to Vodafone Idea under 'contingent liability mechanism'

Vodafone Group on Wednesday said it has accelerated a payment of $200 million (about Rs 1,530 crore) to Vodafone Idea, due in September 2020, under the terms of the "contingent liability mechanism"

Telecom shares drop 13%; surprise loser against other sectors as global lockdowns drive online sales from gaming to food delivery
Business

Telecom shares drop 13%; surprise loser against other sectors as global lockdowns drive online sales from gaming to food delivery

In Asia, Africa, Europe and the Americas, a combination of high fixed costs, debt and market disruption has left telcos significantly underperforming the data-hungry businesses their networks carry

AGR concerns: Vodafone Group's global CEO Nick Read plans to meet telecom minister Ravi Shankar Prasad
Business

AGR concerns: Vodafone Group's global CEO Nick Read plans to meet telecom minister Ravi Shankar Prasad

Even as the pressure on Vodafone Idea to pay the AGR dues is mounting, Read and chairman of Vodafone Idea Kumar Mangalam Birla had recently said that they were not keen to infuse any more equity in the firm.

Vodafone CEO Nick Read blames media for misrepresenting his statement; says telecom firm to stay invested in India
Business

Vodafone CEO Nick Read blames media for misrepresenting his statement; says telecom firm to stay invested in India

Vodafone Group CEO Nick Read is learnt to have written back to Prime Minister Narendra Modi promising that the company will remain invested and blamed the media for distorting his remarks made around telecom business in India

Bharti Infra sets 24 December deadline for merger with Indus Towers; delay to result in lower payment to Vodafone Idea
Business

Bharti Infra sets 24 December deadline for merger with Indus Towers; delay to result in lower payment to Vodafone Idea

In April 2018, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for the merger of Indus Towers and Bharti Infratel to create the largest mobile tower operator in the world outside China

Balesh Sharma steps down as CEO of Vodafone Idea; Ravinder Takkar to take over with immediate effect
Business

Balesh Sharma steps down as CEO of Vodafone Idea; Ravinder Takkar to take over with immediate effect

Ravinder Takkar, currently Vodafone Group's representative in India, will be appointed as the new MD and CEO

Vodafone Idea shares tank over 29% after telco's first-quarter earnings, subscriber base decline
Business

Vodafone Idea shares tank over 29% after telco's first-quarter earnings, subscriber base decline

India's largest telecom operator Vodafone Idea on Friday narrowed its consolidated loss to Rs 4,873.9 crore for the June 2019 quarter.

'Bharti Infratel, Indus Towers merger expected to be completed by August'
Business

'Bharti Infratel, Indus Towers merger expected to be completed by August'

Last year, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for merger of Indus Towers and Bharti Infrate

CEPA violation: Singapore's arbitration court rejects India's plea in case against Nissan; govt likely to file appeal
Business

CEPA violation: Singapore's arbitration court rejects India's plea in case against Nissan; govt likely to file appeal

In 2008, when Nissan and its partner France’s Renault SA agreed to set up a car plant in Chennai, the state government promised several incentives, including tax breaks.

Vodafone Idea promoters contribute Rs 17,920 cr to rights issue following over-subscription
Business

Vodafone Idea promoters contribute Rs 17,920 cr to rights issue following over-subscription

Vodafone Group and Aditya Birla Group had earlier reiterated to the board that they intend to contribute up to Rs 11,000 crore and up to Rs 7,250 crore respectively, amounting to total of Rs 18,250 crore, as part of the rights issue.

Bharti, Vodafone plan to reduce stakes in mobile tower joint venture; Airtel to raise Rs 22,400 cr via share sale
Business

Bharti, Vodafone plan to reduce stakes in mobile tower joint venture; Airtel to raise Rs 22,400 cr via share sale

Post the deal, Bharti Airtel and Vodafone will jointly control the combined company, and the transaction is expected to close before the end of 2018-19, subject to statutory approvals.

Vodafone Idea's Rs 25,000 cr rights issue receives bids for 1,109 crore shares: NSE data
Business

Vodafone Idea's Rs 25,000 cr rights issue receives bids for 1,109 crore shares: NSE data

Vodafone Idea, the country's largest telecom operator through the rights issue which ran between 10-24 April, offered 2,000 crore new shares at Rs 12.50 apiece.

Vodafone Idea expects 11.15% Indus Tower stake sale to complete in three-four months for Rs 5,500 crore
Business

Vodafone Idea expects 11.15% Indus Tower stake sale to complete in three-four months for Rs 5,500 crore

Under a contract signed with Bharti Infratel in April 2018, Vodafone Idea has an option to sell the 11.15 percent stake in Indus Tower for cash ahead of the merger

Vodafone Idea not in favour of 5G spectrum auction before 2020, says CTO Vishant Vora
Business

Vodafone Idea not in favour of 5G spectrum auction before 2020, says CTO Vishant Vora

Vora said that the full integration of the two telecom networks - Idea Cellular and Vodafone India - post the mega-merger last year is "on track"

Vodafone Idea to raise Rs 25,000 cr via rights issue; move will arm telco with firepower to take on market competition
Business

Vodafone Idea to raise Rs 25,000 cr via rights issue; move will arm telco with firepower to take on market competition

Vodafone and Aditya Birla Group will infuse over Rs 18,000 crore into India's largest telecom operator Vodafone Idea Ltd through a rights issue to arm the company with firepower to take on market competition intensified by Reliance Jio

Vodafone Idea tumbles 11% after company reports consolidated loss of Rs 4,973 cr for September quarter
Business

Vodafone Idea tumbles 11% after company reports consolidated loss of Rs 4,973 cr for September quarter

Vodafone Idea, in a regulatory filing to the stock exchanges on Wednesday, reported a consolidated loss of Rs 4,973 crore for the September quarter in its maiden financial results post merger.