Airtel, Vodafone Idea exit Wi-Fi JV Firefly Networks
They had reached an agreement with Singapore-based Manipura Digital Infrastructure OPCO Pte Ltd for a combined value of Rs 12.1 crore in November 2023.
Vodafone Group clears Rs 11,650 cr dues, releases pledged shares in Vodafone Idea
Earlier this month, Vodafone sold its remaining 3% stake in Indus via multiple block deals, raising around Rs 2,801.7 crore, and fully exited the Indian tower company that is now a Bharti Airtel subsidiary.
Bank guarantee waiver will ensure 4G/5G network growth: Vi
Vi, which is yet to roll out 5G services, now no longer needs to submit these bank guarantees, and the Centre’s decision now opens the space for lenders to extend much-needed credit to the struggling telco.
Vodafone Idea a big winner as Cabinet okays bank guarantee waiver: What you need to know
The Modi government’s decision to waive off bank guarantees (BGs) for deferred spectrum payments for auctions conducted from 2012 onwards is a significant relief for the telecom industry, especially for Vodafone Idea (Vi).
Jio, Airtel, Vi continue to suffer customer losses for a third time
New Delhi: Reliance Jio, Bharti Airtel and Vodafone Idea—continued to suffer major customer losses for the third month in a row in September, even as state-run BSNL continued its addition spree, following the mobile tariffs hikes by the private telcos in early July.
Customers consuming more should pay more, subs loss to BSNL reversing quickly: Vi official
During Vodafone Idea (VIL) earning call for the second quarter ended September 30, 2024, the company's CEO Akshaya Moondra said that the loss of subscribers to BSNL due to the recent tariff hike is quickly reversing because of the state-run telecom firm's "network experience".
Except for BSNL, telcos Jio, Airtel and Vi lose subscribers due to tariff hikes in August
Reliance Jio, Bharti Airtel, and Vodafone Idea suffered significant subscriber losses in August due to a sharp tariff hike in July, according to TRAI data.
Vodafone Idea inks network deal worth ₹14K cr with Ericsson
Insiders said that over the past few weeks Ericsson and South Korea's Samsung were locked in a fierce duel that resulted in the Swedish vendor bagging the plum 4G/5G gear supply contract from Vi for Delhi.
Tariff hikes could bring good & bad news for telcos
Airtel's ARPU is estimated to jump 9.2% sequentially to ₹230 in the second quarter while both Jio and Vi are likely to report 6% on-quarter uptick on this key performance metric to 193 and ₹155, respectively, ICICI Securities said.
Vodafone Idea seals Rs 13,500 crore equipment deal with Nokia
The deal is part of Vi's recently announced plans to buy $3.6 billion (read: ₹30,000 crore) of 4G and 5G gear from Nokia, Ericsson and Samsung over a three-year span to bolster its 4G operation and roll out 5G networks in key cities across its 17 priority circles.
Cash-strapped Vodafone Idea snags $3.6 bn network gear deal with Nokia, Ericsson & Samsung
Further, the learnings and insights obtained by the vendors in the Indian market over the last two years, will enable the company to embark on a more flexible and modular rollout plan by customising the services for all advanced technologies (4G & 5G), it added.
Vodafone Idea calls investor meet amid panic on D-Street due to SC’s AGR ruling
However, Vodafone Idea's discussions with lenders and vendors remain on track, despite the setback in its curative petition on the adjusted gross revenue (AGR) issue in the Supreme Court, ET reported citing people familiar with the matter.