Vodafone Idea Ltd (IDEA)

DoT instructs telecom operators to block mobile handsets linked to cyber crimes - 13 May, 2024

The Department of Telecom (DoT) has instructed major telecom operators, including Vodafone Idea, to block 28,200 mobile handsets allegedly linked to cyber crimes. This is part of a broader effort to combat the misuse of telecom resources in cyber crimes and financial frauds.

Vodafone Idea Plans Expansion with 4G and 5G Services - 10 May, 2024

Vodafone Idea plans to expand its network infrastructure by setting up new 4G and 5G sites. Shareholders have approved raising the authorised share capital to Rs 1 lakh crore. Analysts expect subscriber loss to continue but see revenue rising 2% YoY to Rs 10,779 crore. Trading window closed until May 18.

Vodafone Idea's Shareholders Approve Plan to Raise Authorised Share Capital - 09 May, 2024

Vodafone Idea's shareholders have approved a plan to raise authorised share capital to Rs 1 lakh crore and issue preferential shares worth Rs 2,075 crore. Citigroup sold shares worth over Rs 233 crore through an open market transaction. Citi Research has set a bull case TP of ₹25 for the stock.

Optimism Surrounds Vodafone Idea's Growth Prospects - 08 May, 2024

Vodafone Idea sees optimism surrounding its growth prospects following a successful follow-on public offer (FPO). Citi projects a 100% upside for Vodafone Idea shares, while Citigroup sold a 0.39% stake in the company for Rs 233 crore. The telco plans to clear all outstanding vendor dues by next fiscal year and expects tariff hikes after Lok Sabha elections.

Vodafone Idea Undervalued; Submits Applications for Spectrum Auction - 07 May, 2024

An intrinsic calculation suggests that Vodafone Idea is potentially 42% undervalued. The company has submitted applications for the upcoming spectrum auction, but analysts predict subdued demand and the reserve price to be the selling price.

Vodafone Idea Expands 4G Network Amid Subscriber Loss Reduction - 06 May, 2024

Vodafone Idea is prioritizing the expansion of its 4G network in 17 key circles to mitigate subscriber attrition and rival against Reliance Jio and Bharti Airtel. The company has allocated Rs 13,000 crore for capital expenditures, with over half earmarked for expanding its 4G infrastructure. Analysts are monitoring Vi's slowing subscriber market share loss and recent fundraising that could impact future subscriber additions.

Vodafone Idea Subscriber Losses Trimmed; BofA Upgrades Rating - 03 May, 2024

Vodafone Idea trimmed its subscriber losses to 0.68 million in March, the lowest since last August. Bank of America has upgraded Vodafone Idea's rating and hiked its target price on tariff hike expectations. The company is expected to improve its 4G network coverage to arrest market share decline.

Vodafone Idea Seeks Loans After Share Sale Success - 02 May, 2024

Vodafone Idea is seeking $1.8 billion of loans over the next two years after a successful $2.2 billion share sale. Bank of America Securities has upgraded its rating on the company to Neutral from Underperform, while analysts expect improvements in its 4G network infrastructure. Indus Towers is engaging with Vodafone Idea for a revised payment plan to clear outstanding dues of Rs 5,385 crore.

Indus Towers Expects Growth Opportunities from Vodafone Idea's Fundraising - 01 May, 2024

Indus Towers expects to benefit from Vodafone Idea's improving financial situation post FPO. The telco plans to use the proceeds for expanding its network infrastructure, including setting up new 4G and 5G sites. Indus Towers is working with Vodafone Idea to clear past dues and expects tenancies to go up positively as network expansion activities start.

Vodafone Idea Stock Sees Mystery Buyers Amidst Open RAN Deployment Plans - 30 Apr, 2024

Vodafone Idea sees mystery buyers making large purchases while the Cellular Operators Association of India (COAI) reports routers being sold on e-commerce platforms. Meanwhile, Vodafone plans to deploy Open RAN technology across 30% of its European masts by 2030.

Vodafone Idea Raises Funds Through Share Sale Amid Subscriber Losses - 29 Apr, 2024

Vodafone Idea raised $2.2 billion through an oversubscribed share sale, but continues to lose subscribers to competitors. ATC Telecom Infrastructure sold its entire 2.95% stake in the company, while Citigroup Global Markets Mauritius acquired a 0.98% stake.

Vi's Rs 18,000 Crore FPO May Reduce Subscriber Losses - 28 Apr, 2024

Analysts believe that Vodafone Idea's recent Rs 18,000 crore follow-on public offer (FPO) may help reduce the massive loss of subscribers and market share experienced by the company. The fund raise could stop the massive customer attrition being faced by Vi for two years now, which has resulted in a fall in its wireless market share to 18.93% at the end of February.

ATC Telecom Infrastructure Sells Stake in Vodafone Idea - 27 Apr, 2024

ATC Telecom Infrastructure has sold its entire 2.87% stake in Vodafone Idea for ₹1,840 crore through an open market transaction. Citigroup Global Markets Mauritius acquired a 0.98% stake in VIL but later offloaded some shares. Shares of Vodafone Idea fell 0.36% to close at ₹13.85 apiece on the NSE.

Mixed News Affects Vodafone Idea Shares - 26 Apr, 2024

Vodafone Idea has experienced mixed news affecting its stock price, including large trades causing slumps and Citigroup Global Markets Mauritius purchasing an equity stake. The company raised Rs 18,000 crore in India's largest ever FPO, with Aditya Birla Group Chairman Kumar Mangalam Birla stating that it marks the start of VodaIdea 2.0. An analyst recommended adding telecom stocks to portfolios following the successful FPO.

Vodafone Idea Shares Rise After Successful FPO - 25 Apr, 2024

Vodafone Idea raised Rs 18,000 crore in India's largest ever follow-on public offer (FPO), leading to an increase in its share price. Analysts recommend holding onto the stock due to its turnaround potential and expected tariff hikes post-election. IIFL upgraded Vi to Add with a target price of Rs 14.

Vodafone Idea Faces Challenges Despite Fundraising Success - 24 Apr, 2024

Despite raising Rs 18,000 crore through a successful follow-on public offering (FPO), Vodafone Idea faces challenges in meeting its debt obligations and competing with established players. The company needs to raise about Rs 25,000 crore more through loans for network expansion and its anticipated 5G rollout. Commercial banks will scrutinize the telco's liabilities before extending loans. Shares fell 9% ahead of the listing of new equity shares issued in the FPO.

Vodafone Idea Raises Rs 18,000 Crore Through FPO - 23 Apr, 2024

Vodafone Idea has raised Rs 18,000 crore through a follow-on public offering (FPO), which was oversubscribed nearly seven times by institutional investors. The funds will be used to expand network infrastructure, set up new 4G/5G sites, and improve competitiveness against Reliance Jio and Bharti Airtel. Analysts predict that the equity infusion could lead to further debt raising, resulting in Rs 45,000 crore funding, enabling Vodafone Idea to narrow the 4G coverage/capacity gap with peers.

Vodafone Idea Raises Rs 18,000 Crore in Largest Ever FPO - 22 Apr, 2024

Vodafone Idea has raised Rs 18,000 crore via a follow-on public offering (FPO) to expand its network infrastructure and roll out 5G services. The FPO was oversubscribed nearly seven times, helping the company shore up finances for the much-delayed 5G rollout and strengthening 4G services, and payment of vendor dues. Despite a sluggish response from investors on the final day of the bidding process, the FPO successfully sailed through with 1.5 times subscription.

Vodafone Idea Plans to Raise Funds Through FPO and Debt - 20 Apr, 2024

Vodafone Idea plans to raise Rs 18,000 crore through a follow-on public offer (FPO) and another Rs 25,000 crore through debt. The company has already approved raising Rs 2,075 crore from a promoter entity through a preferential share issue. However, the tepid response to its FPO indicates investor wariness of high debt levels and uncertainty surrounding profitability.

Vodafone Idea FPO Subscribed 49% - 19 Apr, 2024

Vodafone Idea's follow-on public offering (FPO) was 49% subscribed on Day 2, with a plan to raise Rs 18,000 crore for network expansion and deferred spectrum payments. Indus Towers is expected to benefit if the fundraising and expansion are successful.