Vodafone Idea

Vodafone is looking to sell its entire 28.1% stake in India’s largest cell tower firm Indus Towers according to several reports.

Reliance Jio (RJIL) has paid Rs 30,791 (£3.03 million) towards clearing prepayment of deferred spectrum acquired before March 2021.

Vodafone Idea is revamping its national backbone networks after it announced a partnership with Ciena.

The Indian government will take a 36% in the fledgling Vodafone Idea after the operator’s board approved the conversion of dues into equity.

Debt-stricken mobile carrier Vodafone Idea is looking at funding deals with potential investors after receiving a relief package from the Indian government.

Vodafone Idea saw revenue fall by 4.7% quarter-on-quarter to INR91.5 billion (€1 billion) in the three months to the end of June.

Indian banks are in discussions about converting Vodafone Idea’s debts into equity, effectively taking over one of the country’s three main mobile operators.

The Indian government appears to have blinked first in its fight with its telecoms operators and others over back taxes worth billions.

The chairman of the company that owns 27% of Indian mobile operator Vodafone Idea has offered to transfer the group’s entire shareholding to the government to help stave off collapse.

India's Vodafone Idea reported a revenue decline of 11.8% quarter on quarter in its Q4 financial results this week.

India's mobile operators spent a combined US$11 billion on spectrum in the country's latest auction.

India has taken the biggest step so far in a plan to merge its two state-owned telcos, by transferring mobile operations in Delhi and Mumbai from one to the other.

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Indians are boycotting Reliance Jio as protests over the country's agricultural reforms intensify.

India’s Vodafone Idea, which yesterday rebranded as Vi, will lose market share to its two big rivals, Reliance Jio and Bharti Airtel, says ratings agency Fitch.

Days after India’s Vodafone Idea won the right to pay off its US$7 billion tax bill over 10 years, the company announced a rebrand.

New regulations in India are likely to result in a full ban against ZTE and Huawei participating in the country’s 5G trials.

India’s Supreme Court has said it will not step back from its demand that two major telcos must pay their back taxes of US$13 billion.

India’s supreme court is meeting again today to resume a case involving two of the country’s three largest operators over claims of unpaid tax.

Reliance Jio is adding customers in India at the rate of 4.6 million a month, while both of the other major operators are losing 7.5 million a month between them.

Indian fintech and e-commerce firm Paytm has returned to the high court in Delhi, providing further evidence that an increase in customer fraud attacks is due to the inaction of telcos and their regulator.

Vodafone Idea has posted the highest ever loss recorded by an Indian firm as it faced declining subscriptions and mounting debts in the last financial year.

India has confirmed it is to delay auctions for 4G and 5G spectrum scheduled for this financial year and, while some analysts have put the delay down to the logistical challenges posed by Covid-19 lockdowns, others have noted that the decision has bought time for cash-strapped operators and regulators conflicted over the involvement of Huawei.

Vodafone, the UK group that owns 50% of troubled Indian operator Vodafone Idea, has lost a case before the Supreme Court for a tax refund dating back to 2014-2018.

Vodafone Group has given its financially troubled Indian operation Vodafone Idea a US$200 million liquidity boost originally scheduled to clear in September, under the terms of its contingent liability mechanism (“CLM”) with Vodafone Idea.

The Indian government must step in to assist the country’s top telcos in paying off around US$54.46 billion in debt, and bring an end to the “AGR storm” that has consumed the industry.

India’s Supreme Court is in a battle with the government over a $13 billion decision that may see the demise of mobile operator Vodafone Idea.

Troubled Indian service provider Vodafone Idea (NSE: IDEA), is to fully transition its IT application stack to its Universal Cloud, following the pilot phase launch of the Optiva Charging Engine.

The Indian government has asked the telecoms industry how quickly it could move Vodafone Idea’s 300 million customers to Bharti Airtel, Reliance Jio or other operators.

Bharti Airtel, Vodafone Idea and Tata Teleservices have paid some of the $14 billion they owe the Indian government in fees, but not all.

India’s mobile operators have told the government they will make a part-payment of the $14 billion today that they owe in dues.

India’s Vodafone Idea missed its payment to the government of 530.4 million rupees ($7.46 million) that was due yesterday.

Indian operators Bharti Airtel and Vodafone Idea are facing a trillion-rupee ($14.4 billion) crisis after the country’s Supreme Court rejected their plea over the way dues are calculated.

Vodafone’s Indian joint venture is to set aside 11% of its upcoming $3.5 million rights issue to help pay licence fees, spectrum usage charge, interest and penalties to the government.

Indian three surviving mobile operators, Bharti Airtel, Reliance Jio and Vodafone Idea, have missed their deadline for government-backed 5G trials.

India’s surviving mobile telecoms companies are lobbying the government’s Ministry of Finance for tax relief to ease their precarious state.