vodafone group

vodafone group external affairs director and former British Diplomatic Service officer Matthew Kirk had a meeting with finance secretary Arvind Mayaram and revenue secretary Rajiv Takru on Friday.

Helped by an increased customer base, British telecom giant vodafone group posted on Thursday a 6.3% growth in its India business revenue to 1.02 billion pounds (nearly Rs 8,000 crore) for the third fiscal quarter.

British telecom major, vodafone group, said on Friday that its Indian arm has posted a 9% growth in revenue at 1.03 billion pounds during the first quarter ended June 30, 2011.

Debt-ridden Vodafone Idea has decided to opt for converting about Rs 16,000 crore interest dues liability payable to the government into equity which will amount to around 35.8% stake in the company, as per a regulatory filing of the telecom firm. If the plan goes through, then the government will become one of the biggest shareholders in the company which is reeling under a debt burden of about Rs 1.95 lakh cr.

Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from vodafone group for about Rs 2,388 crore, according to a company filing. The transaction will be executed at a price of Rs 187.88 per share.

vodafone group cleared debt dues of Rs 11,650 crore by releasing pledges on shares of Vodafone Idea. The pledged shares were raised against debt from HSBC Corporate Trustee. These shares represent a 22.56% stake, currently valued at Rs 11,649 crore. Post-repayment, the equity shares held by Vodafone Promoter Shareholders have been released.

vodafone group settles Rs 11,650 crore debts using Vodafone Idea shares as collateral, releasing 15.72 billion shares. vodafone group maintains a 22.56% stake, Aditya Birla Group holds 14.76%, and the government is the largest shareholder with a 23.15% stake as of September 2024.

Vodafone Idea's board has approved amending its shareholder agreement, lowering the qualifying threshold to 10% and excluding the government's stake for governance. This allows Aditya Birla Group and vodafone group to retain control despite the government becoming the largest shareholder with 48.99% after converting debt into equity. The move aims to maintain operational continuity amidst Vi's ₹2.17 lakh crore debt.

British telecom giant Vodafone is learnt to have applied to government for raising its stake in its Indian arm to 100 per cent at an estimated $2.7 billion (Rs 16,600 crore).

Bharti Infratel Ltd will go ahead with its long-delayed merger with Indus Towers, the telecom infrastructure firm said on Tuesday. Infratel will be a majority shareholder in the merged entity with a likely stake of 68.6%, while London-listed vodafone group Plc will hold 28.2%, the company said in a regulatory filing.

New Delhi, Jan 30 () Britain's vodafone group today said it is in talks to merge its Indian unit with Idea Cellular in an all-share deal to create the country's largest telecom operator to compete with Reliance Jio that has unleashed a fierce price war.

Vodafone India today posted operating profit of Rs 9,805 crore for the financial year 2017-18, ended March 31.

Colao said the timing of IPO would depend on several factors, including the market conditions.

British telecom major vodafone group on Monday said it has received an approval from its lenders, who contributed in funding for Vodafone Idea, to proceed with the merger of Indus Towers with Bharti Infratel.

London/New Delhi, May 15 () British telecom major Vodafone said today that Nick Read will be the next CEO of the company, succeeding Vittorio Colao. Read, currently the group's CFO, will take over from October 1.

London/New Delhi, May 15 () vodafone group CEO Vittorio Colao today said he will step down from the post by September end and it was a "difficult decision" to make after being at the helm of affairs for about a decade.

Taxi-hailing app Ola has roped in former vodafone group CEO Arun Sarin on its board as an independent director.

UK-based vodafone group on Thursday announced that its stakes in other mobile operators, including India's Bharti Airtel, would be held separately by a different unit, as part of the mobile giant's organisational restructuring steps.

This will result in dilution for all the existing shareholders of the company, including the founders, the unprofitable wireless carrier said in a stock exchange filing. vodafone group will own around 28.5% and Aditya Birla Group will have about 17.8% in the company, it said.

Mobile operator Vodafone Idea on Monday said Balesh Sharma has stepped down as its CEO citing personal reasons. Ravinder Takkar, currently vodafone group's representative in India, will be appointed as the new MD and CEO with immediate effect, the company said in a statement.