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Nomura upgrades Vodafone Idea, increases target price sharply
Brokerage firm Nomura in its latest note has upgraded the telecom player Vodafone Idea to Neutral and has increased its target price for Vodafone Idea stock.
Vodafone Idea raises price of its recharge plans
Vodafone Idea has announced a basic rate rise. The corporation, according to the source, has lowered the validity term of its 99 plan.
Reliance Jio registers 30.4 lakh new subscribers in April amid Vodafone’s increasing losses
The commercial service providers currently control 90.8% of the telecom industry, with Reliance Jio having a commanding 37.9% of the market share and Bharti Airtel coming in second with 32.4%.
Vodafone Group PLC’s financial woes continue as VIL seeks additional funding and plans layoffs
Vodafone PLC reveals that its Indian subsidiary, Vodafone Idea Limited (VIL), requires additional funding and liquidity support from lenders, raising concerns about its ability to meet liabilities. VIL's financial woes prompt the company to lay off approximately 11,000 employees while recording zero value for the Group's investment in VIL.
Telecom giants Airtel and Jio gained 19.8 lakh mobile users in February: TRAI
While Vodafone Idea lost 20 lakh users in February, Reliance Jio and Bharti Airtel gained 19.8 lakh new mobile subscribers
5G Spectrum Auction: Mukesh Ambani’s Jio emerging as the top bidder
Jio’s unique 700 MHz spectrum footprint will make it the only operator providing True 5G services across India: Reliance Jio
Vodafone Idea approaches promoters to raise Rs 14,500 crore
The company has also sanctioned the issuance of up to 3.38 billion equity shares on a preferential basis.
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