Vodafone Group Stock News

Exclusive: telecoms firm signs Tim Henman and Laura Robson as brand ambassadors with Emma Raducanu also in talks

The question of what happens if the telco is unable to repay the government in four years remains unanswered

The UK''s four major mobile phone network''s are preparing to raise monthly tariffs for millions of customers by as much as 10% in the next few months.

The conversion of the net present value of the interest payable on the four-year deferment of spectrum payment dues and the so-called AGR dues of the troubled telecom company Vodafone Idea would make the government the largest shareholder in the company

Vodafone Idea had informed exchanges on Tuesday that the Indian government will become the largest shareholder in the telco and will hold 35.8% at 10 per share, with Vodafone Group holding 28.5% and Aditya Birla Group holding 17.8%

The domestic stock indices are likely to trade higher on Wednesday taking cues from the global markets.

Vodafone Idea (Vi) shares surged over 7% on the BSE at 12.6 apiece in Wednesday''s trading session

With no duopoly, Airtel and Jio will now concentrate on improving their bottom lines rather than playing the pricing game to target Vi customers or ensure its demise

Following the conversion into equity, the Indian government is expected to hold about 35.8% of the total outstanding shares of Vodafone Idea. Promoter shareholders Vodafone Group would hold around 28.5% and Aditya Birla Group around 17.8%.

Telecom operator Vodafone Idea on Tuesday said that the government will own around 35.8 per cent of the country''s third-largest wireless phone operator after its board approved the conversion of dues

Vodafone Idea said on Tuesday the Indian government will own 35.8% of the company after the third-largest telecom operators board approved conversion of dues and spectrum auction instalments into equity. The operator, which is a joint venture between the British giant Vodafone Group and billionaire Kumar Mangalam Birlas conglomerate, owed the government dues of roughly []

Following the conversion into equity, the government is expected to hold 35.8% in the third largest carrier in the country, with Vodafone Group holding 28.5% and Aditya Birla Group holding 17.8%

Vodafone Idea said on Tuesday the Indian government will own 35.8% of the company after the third-largest telecom operator's board approved conversion of dues and spectrum auction instalments into equ

The telecom company has to take a call on the issue by Wednesday