| IDEA Cellular Limited Related news |
With 65% fall, Voda Idea among worst performing Asia Pacific stocks in 2018
Posted on 2nd January 2019 |
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Stiff competition in the telecom sector has led to another rough year for the sector’s stocks. The shares of Vodafone Idea have been hit the hardest with the stock moving into the unenviable league of the worst-performing one in the MSCI Asia Pacific Index in 2018. Last year, the shares of Vodafone Idea were down 65 per cent. Data compiled by Bloomberg shows the stock of the telecom major was among the top 5 losers in the regional index in local currency terms. |
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Telecom shares in focus; Bharti Airtel, Vodafone Idea gain up to 10%
Posted on 14th December 2018 |
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Shares of telecom services provider such as Bharti Airtel and Vodafone Idea have rallied by up to 6% on BSE in an otherwise subdued market after Telecom Disputes Settlement and Appellate Tribunal (TDSAT) quashes Trai's predatory pricing rule. Bharti Airtel has rallied 10% to Rs 333, while Vodafone Idea climbed 8% to Rs 37.60 on BSE in the intra-day trade. |
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Vodafone Idea: Spectrum charges to stress balance sheet
Posted on 3rd December 2018 |
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Given that Vodafone Idea needs to fork out about half the telecom industry’s annual deferred spectrum payments between now and 2031, it’s not surprising that chairman KM Birla is calling on the government for some relief. Nearly half or Rs 10,579 crore of the Rs 21,218 crore to be paid out in 2018-19 is Vodafone Idea’s share. In comparison, Bharti Airtel’s annual outgo is smaller at Rs 5,573 crore. |
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Why Vodafone Idea’s sensible plea didn’t make any sense to investors
Posted on 26th November 2018 |
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You have to give full marks to Vodafone Idea Ltd for trying. When the newly merged company’s management met telecom analysts for the first time last week, it made a fairly logical case for an improvement in India’s telecom industry. They also laboured to point out that the company itself would soon be on a strong footing. The timeline for extracting full synergies from the merger had been advanced by two years, which, coupled with planned asset sales and equity issuances, would bring down leverage substantially, it said. |
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Vodafone Idea to pare 16,000 distributors and 2,000 retail stores
Posted on 24th November 2018 |
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Vodafone Idea is in the process to reduce the number of its distributors by 16,000, and branded stores by 2,000, by the end of this financial year, a company document said. The company plans to reduce the number of its distributors from around 43,000 to 27,000 by December. It has around 6,000 branded retail stores, which it plans to cut to 4,000 by March 2019, it said. |
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After Airtel, Vodafone Idea hikes minimum recharge tariff
Posted on 22nd November 2018 |
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New Delhi: Vodafone Idea Ltd is gearing up to fight rivals Bharti Airtel Ltd and Reliance Jio Infocomm Ltd with an aggressive expansion of its network of fourth-generation (4G) mobile tower sites and segmenting its markets into four categories on the basis of leadership and profitability with a specific strategy for each, said a person aware of the plans. |
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Equity infusion may not aid Vodafone-Idea expansion
Posted on 16th November 2018 |
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The huge debt of around Rs 1,12,500 crore of Vodafone Idea will leave little for capex and market-capturing strategies, even though the management is infusing some Rs 25,000 crore of equity. Analysts at JPMorgan wrote on Thursday that Vodafone Idea “does not appear to be in a position to fund even basic capex, given the burdensome leverage”. |
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Vodafone Idea to report a sizeable loss in September quarter, say analysts
Posted on 13th November 2018 |
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MUMBAI: Vodafone Idea, India’s newest and largest telecom operator, will on November 14 announce its first results since its inception, with analysts predicting a sizeable loss in its fiscal second quarter ended September 30, dragged down by low subscriber additions and rising 4G network expansion costs. |
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