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Source: Live Mint On a day global stock indices were battered by rising international trade tensions induced by US President Donald Trump, Indian markets followed their slump, with all gauges dipping sharply. Japan’s Nikkei and China’s CSI 300 fell 2.88% and 1.97%, respectively, amid weak openings for Germany’s Dax and French CAC. Almost on cue,…
Source: Live Mint The Supreme Court of India on Friday dismissed review petitions filed by telecom companies, including Vodafone Idea and Bharti Airtel, seeking corrections in the calculation of their adjusted gross revenue (AGR) dues, reports said. This ruling upholds the apex court’s 2021 decision, leaving the companies with no further legal options. Telecom firms…
Source: Live Mint Vodafone Idea Q3 results: Net loss at ₹6,609 crore, revenue at ₹11,117 crore Read Full Article
Source: Live Mint Vodafone Idea has used fund infusion from its global parent Vodafone Plc, to repay outstanding Master Service Agreement Dues (MSA) to Indus Towers. Vodafone Idea shares declined 3.4% on Friday. In a filing to the London Stock Exchange on January 10, Vodafone Plc said that the obligations to Indus Towers under the…
Source: Live Mint Telecom Q3FY25 Results Preview: Telecom companies are expected to report firm revenue and EBITDA growth for the third quarter of the financial year 2024-25, suggests brokerages. Domestic brokerage JM Financial, in its latest note, forecasts Jio, Bharti Airtel (India wireless), Bharti Hexacom, and Vodafone Idea to achieve EBITDA growth of 4-6% QoQ,…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Vodafone Idea: Vodafone Idea announced plans to raise ₹2,000 crore through a preferential equity issuance to its promoter, Vodafone Group. In a regulatory filing, the debt-laden telecom giant confirmed that its board will meet on December 9, 2024,…
Source: Live Mint Debt-ridden telecom major Vodafone Idea announced on Thursday, December 5, that its board will consider a proposal to raise ₹2,000 crore from entities belonging to promoter Vodafone Group. The development follows Vodafone Group’s announcement to sell a 3 per cent stake in Indus Towers to clear its debt of USD 101 million…
Source: Live Mint Stock Market Today: Vodafone Idea share price saw sharp gains of 4.5% in the morning trades on Thursday. The board meeting is scheduled for 9 December to consider raising funds The Vodafone Idea share price opened at ₹8.79 on the BSE on Thursday, 4.5% higher than the previous close of ₹8.41 on…
Source: Live Mint It was a foregone conclusion that Indian private telecom companies would do well in the September quarter (Q2FY25) thanks to the tariff hikes taken in July and the ongoing premiumization trend of SIM card upgrades. This has played out with aggregate wireless revenue for the three private telcos—Reliance Jio Infocomm Ltd, Bharti…
Source: Live Mint Telecom stocks saw a sharp upsurge in early morning trade on November 26, following reports that the Union Cabinet approved the waiver of bank guarantees for telecom operators. This move is seen as a significant step in easing the financial burden on the sector. Reacting positively to these developments, shares of Vodafone…
