Vodafone Group Stock News

Analysts said Vi needs a much bigger dose of equity financing to be able to invest at least Rs 20,000 crore on its network in the next 2 years to improve competitiveness and drive average revenue per user (ARPU) growth.

European telecoms bosses are breathless about 5G mobile networks, but not in a good way. Delegates at the Mobile World Congress (MWC), the industry tech-fest that rebooted in Barcelona this week, were treated to dizzying visions of humanity’s wired, digital future. For chief executives like Vodafone’s Nick Read, hype can quickly lead to hyperventilation.

NEW DELHI: Vodafone Idea''s (VI) board approval to allot preference shares to promoters at a premium was positive but analysts noted that most of this Rs 4,500 crore-fundraising would go towards covering the telco''s payables towards Indus Towers, leaving limited funds to invest in networks.Edelweiss said the long-awaited fund infusion is definitely a positive for Vodafone Idea but this is only a small part of the estimated Rs 15,000 crore capital raise."Vodafone group''s capital infusion will come with a caveat that it will be used for repayment of Indus Towers (Indus) dues, which, to an extent, reduces ability to invest in the network. We believe that for long term sustainability of the company significant capital infusion and tariff hike more than doubling the ARPU are essential," the brokerage said.The stock fell 7.67 per cent to hit a low of Rs 10.23 in Friday''s trade. Vodafone group entities will infuse Rs 3,375 crore from the proceeds of its stake sale in Indus Towers and the Aditya Birla Group entity will infuse the remaining Rs 1,125 crore.The equity issue will lead to a 12 per cent dilution on the current equity base.Vodafone Idea intends to further raise capital of up to Rs 10,000 crore through equity/debt instruments in one or more tranches.

In its meeting held on March 3, the VIL Board approved an equity infusion of up to Rs 4,500 crore by promoter entities, and fresh capital raise of up to Rs 10,000 crore. The company will issue 338 crore shares at a share price of Rs 13.3 per share on a preferential basis to promoter entities.

At present, Vodafone Group and ABG own 44.39% and 27.66%, respectively, in Vodafone India. The ownership structure is likely to see significant changes, especially with the telco opting to convert the interest, which accrues due to the deferred payment into government equity.

VIL informed that its board had approved a proposal to raise Rs 14,500 crore from its promoters and investors through equity, warrants and convertible debentures.

Here are the top stocks to watch out for on March 4.

Stocks In the News: Check out the companies making headlines before the opening bell

The post Vodafone Launches Its Own Blockchain-Based Platform, Digital Asset Broker (DAB) appeared on BitcoinEthereumNews.com . British multinational telecommunications company Vodafone launched its own blockchain-based platform. It will authorize connected devices to perform transactions automatically for their owners. The new platform is christened Digital Asset Broker…

Stocks to watch: Indian benchmark indices are seen opening lower on Friday following the downtrend in SGX Nifty50 Futures. The Futures contract was down 0.6 percent at 16,415 as of 6:31 am. Top stocks that will be closely watched are Vodafone Idea, UPL, Indiabulls Housing Finance, Wockhardt, Axis Bank among others. Here is a list of stocks to watch out for in trade today:

Vodafone Group and the Birlas hold 44.3 per cent and 27.7 per cent stake respectively in Vi

NEW DELHI: Idea’s board on Thursday approved raising Rs14,500 crore from its promoters – UK’s Vodafone Group and India’s Aditya Birla Group (ABG) and external…

Vodafone Idea’s board on Thursday approved raising Rs 14,500 crore from its promoters – UK’s Vodafone Group and India’s Aditya Birla Group (ABG) and external…

The cash-strapped telco Vodafone Idea Ltd on March 3 said its board has approved raising Rs 4,500 crore via issuing shares to its promoters Vodafone…

The company will also raise an additional ₹10,000 crore by way of private placement, qualified institutions placements