Edition:
India

Vodafone Idea Ltd (VODA.NS)

VODA.NS on National Stock Exchange of India

5.85INR
20 Sep 2019
Change (% chg)

Rs0.40 (+7.34%)
Prev Close
Rs5.45
Open
Rs5.50
Day's High
Rs5.95
Day's Low
Rs5.30
Volume
186,422,247
Avg. Vol
107,262,893
52-wk High
Rs27.93
52-wk Low
Rs4.80

Latest Key Developments (Source: Significant Developments)

Vodafone Idea Says Balesh Sharma Steps Down As CEO
Monday, 19 Aug 2019 

Aug 19 (Reuters) - Vodafone Idea Ltd ::BALESH SHARMA HAS STEPPED DOWN AS THE CHIEF EXECUTIVE OFFICER.SAYS SHARMA RESIGNED DUE TO PERSONAL REASONS.APPROVED THE APPOINTMENT OF RAVINDER TAKKAR AS THE MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER OF THE COMPANY.SAYS SHARMA TO TAKE UP NEW ROLE WITH VODAFONE GROUP, TO BE ANNOUNCED LATER.  Full Article

India's Vodafone Idea Posts June-Qtr Loss
Friday, 26 Jul 2019 

July 26 (Reuters) - Vodafone Idea Ltd ::JUNE QUARTER CONSOL NET LOSS AFTER TAX 48.74 BILLION RUPEES VERSUS PROFIT OF 2.57 BILLION RUPEES LAST YEAR.JUNE QUARTER CONSOL REVENUE FROM OPERATIONS 112.70 BILLION RUPEES VERSUS 58.89 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR JUNE QUARTER CONSOL LOSS WAS 31.02 BILLION RUPEES.VODAFONE INDIA LTD - ON TRACK TO DELIVER SYNERGY TARGETS BY Q1 FY21.JUNE QUARTER CHURN 3.7% VERSUS 7.2% LAST QUARTER.JUNE QUARTER ARPU 108 RUPEES, UP 3.8% VERSUS PRIOR QUARTER.SAYS GROSS DEBT AT JUNE 30, 2019 WAS 1.20 TRLN RUPEES.  Full Article

Vodafone Idea Says Stake Sale In Indus Likely To Be Completed In Next 3-4 Months
Thursday, 11 Apr 2019 

April 11 (Reuters) - Vodafone Idea Ltd ::PROCESS OF MERGER OF INDUS TOWERS WITH BHARTI INFRATEL CURRENTLY PENDING BEFORE NCLT, EXPECTED TO BE COMPLETE WITHIN NEXT 3-4 MTHS.TRANSACTION OF SALE OF 11.15% SHARES IN INDUS, IF OPTED BY CO, IS LIKELY TO BE COMPLETED IN NEXT 3-4 MONTHS.  Full Article

Vodafone Idea Says Rights Issue To Open On April 10, Close On April 24
Tuesday, 9 Apr 2019 

April 9 (Reuters) - Vodafone Idea Ltd ::SAYS 250 BILLION RUPEES WORTH RIGHTS ISSUE TO OPEN ON APRIL 10, 2019 AND CLOSE ON APRIL 24, 2019.  Full Article

India's Vodafone Idea Posts Dec Qtr Consol Loss After Tax
Wednesday, 6 Feb 2019 

Feb 6 (Reuters) - Vodafone Idea Ltd ::DEC QUARTER CONSOL LOSS AFTER TAX 50.05 BILLION RUPEES VERSUS LOSS OF 12.85 BILLION RUPEES LAST YEAR.DEC QUARTER CONSOL REVENUE FROM OPERATIONS 117.65 BILLION RUPEES VERSUS 65.10 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR DEC QUARTER CONSOL NET LOSS WAS 52.56 BILLION RUPEES.GROSS DEBT AT DEC 31, 2018 OF 1.24 TRLN RUPEES.SAYS ARPU FOR QUARTER GREW 1.5 PERCENT QOQ TO 89 RUPEES COMPARED TO A 4.7 PERCENT DECLINE IN Q2.GIVEN GUIDANCE OF 84 BILLION RUPEES OF RUN-RATE COSTS SYNERGIES TO BE ACHIEVED DURING FY 21.SAYS COMPANY CONTINUES TO PURSUE ITS PLANS TO MONETIZE 158,000 KILOMETERS OF INTRA-CITY AND INTER-CITY FIBRE.DEC-QUARTER EXCEPTIONAL ITEMS INCLUDES INTEGRATION AND MERGER COSTS OF 7.47 BILLION RUPEES.SAYS IN Q3 TOTAL SUBSCRIBER BASE 387.2 MILLION VERSUS 422.3 MILLION IN Q2.SAYS Q3 BLENDED CHURN 5 PCT VS 4.3 PCT IN Q2.  Full Article

Vodafone Idea Says Board To Establish Committee To Evaluate Potential Capital Raise Of Up To 250 Bln Rupees
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Vodafone Idea Ltd ::SAYS BOARD RESOLVED TO ESTABLISH COMMITTEE OF BOARD MEMBERS TO EVALUATE A POTENTIAL CAPITAL RAISE OF UP TO 250 BILLION RUPEES.PROMOTERS VODAFONE, ADITYA BIRLA GROUP INDICATED THEY WOULD CONTRIBUTE UP TO 110 BILLION RUPEES AND 72.5 BILLION RUPEES AS PART OF CAPITAL RAISE.SAYS MERGER OF BHARTI INFRATEL AND INDUS TOWERS IS PROGRESSING WELL; MERGER EXPECTED TO CLOSE BY AROUND FY19 END.SAYS CO REMAINS OPTIMISTIC ABOUT LONG TERM OUTLOOK FOR MARKET AND FUTURE FOR BUSINESS.SAYS CO RECOGNISES THAT FURTHER EQUITY FUNDING IS REQUIRED IN ORDER TO ENSURE CO HAS SUFFICIENT BALANCE SHEET FLEXIBILITY.SAYS CURRENTLY EXPECTED THAT ANY CAPITAL RAISE IF APPROVED IS EXPECTED TO COMPLETE IN Q4 FY19.SAYS DECIDED TO ACTIVELY EXPLORE A POTENTIAL SALE OF CO'S FIBRE NETWORK IN ORDER TO PROVIDE BALANCE SHEET FLEXIBILITY.  Full Article

India's Vodafone Idea Posts Sept-Qtr Consol Loss
Wednesday, 14 Nov 2018 

Nov 14 (Reuters) - Vodafone Idea Ltd ::SEPT QUARTER CONSOL LOSS AFTER TAX 49.74 BILLION RUPEES VERSUS LOSS OF 11.07 BILLION RUPEES LAST YEAR.SEPT QUARTER CONSOL REVENUE FROM OPERATIONS 76.64 BILLION RUPEES VERSUS 74.66 BILLION RUPEES LAST YEAR.SAYS SEPT QUARTER EXCEPTIONAL ITEM OF 5.66 BILLION RUPEES.APPROVED SCHEME OF ARRANGEMENT WITH VODAFONE TOWERS LTD (VTL) FOR TRANSFER OF FIBER INFRASTRUCTURE ASSETS AND LIABILITIES TO VTL.CUSTOMER MIGRATION TO LOWER ARPU OFFERINGS LED TO 4.7 PERCENT QOQ DECLINE IN ARPU TO 88 RUPEES FOR QUARTER.NET DEBT AS AT SEPT 30, WAS 1.13 TRLN RUPEES; CASH AND EQUIVALENTS WAS 136 BILLION RUPEES IN QUARTER.  Full Article

Bharti Airtel Adds 313,284 Subscribers In July - Industry Body
Monday, 3 Sep 2018 

Sept 3 (Reuters) - Cellular Operators Association of India::BHARTI AIRTEL ADDS 313,284 SUBSCRIBERS IN JULY - INDUSTRY BODY.VODAFONE INDIA UNIT ADDS 609,054 SUBSCRIBERS IN JULY - INDUSTRY BODY.IDEA CELLULAR ADDS 5,489 SUBSCRIBERS IN JULY - INDUSTRY BODY.  Full Article

Vodafone Announces Completion Of Sale Of Its Standalone Tower Business In India
Tuesday, 3 Apr 2018 

April 3 (Reuters) - Vodafone Group Plc ::COMPLETION OF SALE OF VODAFONE'S STANDALONE TOWER BUSINESS IN INDIA.MERGER IS EXPECTED TO COMPLETE IN FIRST HALF OF CURRENT CALENDAR YEAR..COMPLETION OF IDEA'S SALE OF ITS STANDALONE TOWER BUSINESS TO ATC IS ALSO EXPECTED IN FIRST HALF OF THIS CALENDAR YEAR..  Full Article

‍Vodafone, Aditya Birla Announces New Leadership Team Of Merger Between Vodafone India, Idea Cellular​
Thursday, 22 Mar 2018 

March 22 (Reuters) - Vodafone Group Plc ::‍VODAFONE GROUP AND ADITYA BIRLA GROUP ANNOUNCE PROPOSED NEW LEADERSHIP TEAM OF MERGER BETWEEN VODAFONE INDIA AND IDEA CELLULAR​.‍KUMAR MANGALAM BIRLA WILL BE NON-EXECUTIVE CHAIRMAN OF MERGED COMPANY​.‍VODAFONE AND IDEA CONTINUE TO MAKE GOOD PROGRESS IN SECURING REQUIRED REGULATORY APPROVALS FOR MERGER​.‍SAYS CEO OF MERGED COMPANY WOULD BE BALESH SHARMA , CURRENTLY CHIEF OPERATING OFFICER OF VODAFONE INDIA​.EXISTING LEADERSHIP TEAMS OF IDEA CELLULAR AND VODAFONE INDIA WILL CONTINUE TO MANAGE THEIR SEPARATE BUSINESSES.‍ONLY UPON COMPLETION OF MERGER BETWEEN VODAFONE INDIA, IDEA CELLULAR​ TWO BUSINESSES WILL CEASE TO OPERATE AS DISTINCT AND COMPETING ENTITIES.  Full Article

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