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Voda Idea to relaunch brand identity on Monday
The entire leadership of the entity - which was born out of merger of Vodafone India and Idea Cellular on August 2018 - is likely to announce the renewed brand positioning as it tackles a tough business scenario.
Trai drops probe against Voda Idea on priority plan issue after telco tweaks offer
Last month, the regulator had slapped a show-cause notice ...
Voda Idea removes Priority 4G Network feature in RedX plan to avoid Trai ban
Over the past two months, Trai has been examining if Vi’s RedX p...
Network investments, low tariffs hurt industry health: Voda Idea
The company had reported a staggering Rs 73,878 crore of net loss for fiscal ended March 2020 - the highest ever by any Indian firm - after it provisioned for Supreme Court mandated statutory dues. The Indo-UK telecom JV has never posted profit since merging in August 2018.
Voda Idea considers credit enhancement to make investments more attractive for investors
The telco is working with Mumbai-based InCred Capital and its US investment banking partner PJT Partners along with BNP Paribas on a fundraising structure, including common equity, equity-linked and hybrid debt instruments.
Vodafone Group says no to infuse new equity in Voda Idea
This comes on the back of the Indian telco’s announcement to raise funds of upto Rs 25,000 crore via a mix of debt and equity instruments in one or more tranches, which will be used to pay statutory dues and invest in network operations to take rivals.
Voda Idea new branding reflects agile, strong, dynamic future of telco: KM Birla
“The merger a couple of years back meant to start a journey of integrating two mammoth networks and companies into one seamless entity. The world had never ever seen a merger and integration of this size and scale in the telecom sector,” Birla said.
Indus-Infratel go ahead with merger; Voda Idea to sell 11.15% Indus stake for Rs 4,000 crore
Bharti Infratel said the likely shareholding structure of the merged towers entity is based on “cash consideration chosen by VIL for its 11.15% shareholding in Indus -- based on an agreed formula – and on today’s calculation, the cash consideration comes to approximately Rs 4,000 crore”.
Department of Telecommunications yet to take call on upfront payment for 4G spectrum sale
The Department of Telecommunications is preparing a draft Cabinet note for the next 4G spectrum auction, but is yet to circulate it for inter-ministerial consultations as it grapples with issues such as upfront payments and bidding interest from cash-strapped and debt-laden telcos.
Voda Idea to pay accrued interest on loans after moratorium ends
Telco also tells lenders it will not require restructuring, hopes for AGR payment relief
Voda Idea needs to back up rebranding with upto $2 billion network investments: Analysts
A refreshed brand alone, they said, would not help the company retain customers or attract new ones, if the telco’s network was weak and its products and services weren’t competitive or comparable with those of Bharti Airtel and Reliance Jio.
AGR order a 'good outcome', expect support from promoters in the future, says Voda Idea CEO
Takkar also said that Rs 25,000 crore which the telecom carrier plans to raise is sufficient “for our business plan which we have submitted to our board and which they have approved and we look forward to exploring all options as a company.”
New Voda-Idea branding marks a fresh start for telco: Nick Read, CEO, Vodafone group
“As the integration of two businesses is now complete, it’s time for a fresh start. That's why we believe that now is the perfect time to launch Vi, one company which provides the strength of Vodafone India and Idea,” Read said at the launch of Vi.
No respite for Vodafone Idea amid vendor trouble, nearly 1,500 more laid off
Nokia and Ericsson that had letters of credit from banks against previous orders, are again asking for similar guarantees from banks for new orders, the sources said. And that appears to be a difficult task. The carrier told the Supreme Court recently that no bank was willing to provide any guarantees, given its debt — 112,520 crore at March end.
Bharti expected to manage payment, Voda Idea may find it tough, say analysts on AGR verdict
The Supreme Court in its verdict on Tuesday rejected the demand for a 20-year time for telecom companies to clear an estimated Rs 1.6 lakh crore in past dues but allowed the liability to be cleared in 10 years.