Vodafone Idea shares soar 13% on narrowing losses, rising ARPU
At 3.12 p.m., the shares of the company traded at Rs 9.5, up 13.2 per cent from the previous closing, data showed. Monday's rise is its sharpest intra-day rally during calendar year 2022. The rise was possibly because of the company's narrowing of its losses.
UAE telecom operator Etisalat acquires 9.8% stake in Vodafone for $4.4bn
Emirates Telecommunication Group, formerly known as Etisalat and now rebranded as e&, has acquired approximately 2,766 million shares in Vodafone, The National reported. "Vodafone is one of the leading businesses at the heart of digital communications in Europe and Africa with a compelling business offering critical connectivity and digital services," Hatem Dowidar, group chief executive of Etisalat, said.
Bharti Airtel to acquire Vodafone's 4.7% stake in Indus Towers
According to Bharti Airtel, the agreement is based on the principal condition that the amount paid for the equity stake shall be inducted by Vodafone as fresh equity in Vodafone Idea Ltd (VIL) and simultaneously remitted to Indus Towers to clear VIL's outstanding dues.
Vodafone Idea shares down over 6% on widening net losses in Q3FY22
The company's net losses widened year on year to Rs 7,230 crore during the Q3FY22. In the same quarter last fiscal, it was Rs 4,532 crore. In Q2FY22, it was Rs 7,132 crore.
Vodafone Idea's net losses widen YoY in Q3FY22, ARPU improves sequentially
Revenue from operations during the quarter declined to Rs 9,717 from Rs 10,894 crore in the same period in the corresponding fiscal. However, the Average Revenue Per User during the quarter stood at Rs 115, as against Rs 109 in Q2FY22, an increase of 5.2 percent quarter-on-quarter.
Vodafone Idea shares decline 19% as board plans to convert dues into equity
"The board of directors, at its meeting held on January 10, 2022, has approved the conversion of the full amount of interest related to spectrum auction instalments and AGR dues into equity," Vodafone Idea said in a regulatory filing on Tuesday.
Vodafone Idea's shares jump sharply post prepaid tariff hike
The company's share price has risen from Rs 9.6 per share in early November to Rs 14.6 at Monday's close. Notably, a larg part of the rise was seen last week. In the week that ended on Friday (December 3), the telecom operator's share price rose over 30 per cent. It is important to note that the recent sharp rise in share prices of the company comes at a time when major Indian telecom operators
Now, Reliance Jio raises prepaid tariffs by around 20%
The revised tariffs will come into effect from December 1, the telecom major said. The announcement by Reliance Jio comes few days after Vodafone Idea and Bharti Airtel announced a hike in their respective prepaid tariffs. "The new unlimited plans will go-live on 1st December 2021 and can be opted from all existing touchpoints and channels," Jio said.
Vodafone Idea lost subscribers in August; Jio, Airtel gained: TRAI
Reliance Jio and Bharti Airtel gained subscribers in the month under review. The data showed that Reliance Jio added over 6.49 lakh subscribers in August, taking its overall tally to 44.38 crore. Bharti Airtel gained over 1.38 lakh subscribers to take its overall subscriber base to 35.41 crore users.