Vodafone Idea Ltd (IDEA)

BofA Securities Upgrades Vodafone Idea Rating - 03 May, 2024

BofA Securities has upgraded Vodafone Idea's rating, citing its potential for a tariff hike and improved 4G network coverage. The bank believes that a 5% ARPU increase could lead to a 12% EPS boost for the telecom operator. This recent fund raise should help Vodafone Idea compete better in the market.

Vodafone Idea Seeks Loans After Share Sale Success - 02 May, 2024

Vodafone Idea is seeking $1.8 billion of loans over the next two years after a successful $2.2 billion share sale. Bank of America Securities has upgraded its rating on the company to Neutral from Underperform, while analysts expect improvements in its 4G network infrastructure. Indus Towers is engaging with Vodafone Idea for a revised payment plan to clear outstanding dues of Rs 5,385 crore.

Indus Towers Expects Growth Opportunities from Vodafone Idea's Fundraising - 01 May, 2024

Indus Towers expects to benefit from Vodafone Idea's improving financial situation post FPO. The telco plans to use the proceeds for expanding its network infrastructure, including setting up new 4G and 5G sites. Indus Towers is working with Vodafone Idea to clear past dues and expects tenancies to go up positively as network expansion activities start.

Vodafone Idea Stock Sees Mystery Buyers Amidst Open RAN Deployment Plans - 30 Apr, 2024

Vodafone Idea sees mystery buyers making large purchases while the Cellular Operators Association of India (COAI) reports routers being sold on e-commerce platforms. Meanwhile, Vodafone plans to deploy Open RAN technology across 30% of its European masts by 2030.

Vodafone Idea Raises Funds Through Share Sale Amid Subscriber Losses - 29 Apr, 2024

Vodafone Idea raised $2.2 billion through an oversubscribed share sale, but continues to lose subscribers to competitors. ATC Telecom Infrastructure sold its entire 2.95% stake in the company, while Citigroup Global Markets Mauritius acquired a 0.98% stake.

Vi's Rs 18,000 Crore FPO May Reduce Subscriber Losses - 28 Apr, 2024

Analysts believe that Vodafone Idea's recent Rs 18,000 crore follow-on public offer (FPO) may help reduce the massive loss of subscribers and market share experienced by the company. The fund raise could stop the massive customer attrition being faced by Vi for two years now, which has resulted in a fall in its wireless market share to 18.93% at the end of February.

ATC Telecom Infrastructure Sells Stake in Vodafone Idea - 27 Apr, 2024

ATC Telecom Infrastructure has sold its entire 2.87% stake in Vodafone Idea for ₹1,840 crore through an open market transaction. Citigroup Global Markets Mauritius acquired a 0.98% stake in VIL but later offloaded some shares. Shares of Vodafone Idea fell 0.36% to close at ₹13.85 apiece on the NSE.

Mixed News Affects Vodafone Idea Shares - 26 Apr, 2024

Vodafone Idea has experienced mixed news affecting its stock price, including large trades causing slumps and Citigroup Global Markets Mauritius purchasing an equity stake. The company raised Rs 18,000 crore in India's largest ever FPO, with Aditya Birla Group Chairman Kumar Mangalam Birla stating that it marks the start of VodaIdea 2.0. An analyst recommended adding telecom stocks to portfolios following the successful FPO.

Vodafone Idea Shares Rise After Successful FPO - 25 Apr, 2024

Vodafone Idea raised Rs 18,000 crore in India's largest ever follow-on public offer (FPO), leading to an increase in its share price. Analysts recommend holding onto the stock due to its turnaround potential and expected tariff hikes post-election. IIFL upgraded Vi to Add with a target price of Rs 14.

Vodafone Idea Faces Challenges Despite Fundraising Success - 24 Apr, 2024

Despite raising Rs 18,000 crore through a successful follow-on public offering (FPO), Vodafone Idea faces challenges in meeting its debt obligations and competing with established players. The company needs to raise about Rs 25,000 crore more through loans for network expansion and its anticipated 5G rollout. Commercial banks will scrutinize the telco's liabilities before extending loans. Shares fell 9% ahead of the listing of new equity shares issued in the FPO.

Vodafone Idea Raises Rs 18,000 Crore Through FPO - 23 Apr, 2024

Vodafone Idea has raised Rs 18,000 crore through a follow-on public offering (FPO), which was oversubscribed nearly seven times by institutional investors. The funds will be used to expand network infrastructure, set up new 4G/5G sites, and improve competitiveness against Reliance Jio and Bharti Airtel. Analysts predict that the equity infusion could lead to further debt raising, resulting in Rs 45,000 crore funding, enabling Vodafone Idea to narrow the 4G coverage/capacity gap with peers.

Vodafone Idea Raises Rs 18,000 Crore in Largest Ever FPO - 22 Apr, 2024

Vodafone Idea has raised Rs 18,000 crore via a follow-on public offering (FPO) to expand its network infrastructure and roll out 5G services. The FPO was oversubscribed nearly seven times, helping the company shore up finances for the much-delayed 5G rollout and strengthening 4G services, and payment of vendor dues. Despite a sluggish response from investors on the final day of the bidding process, the FPO successfully sailed through with 1.5 times subscription.

Vodafone Idea Plans to Raise Funds Through FPO and Debt - 20 Apr, 2024

Vodafone Idea plans to raise Rs 18,000 crore through a follow-on public offer (FPO) and another Rs 25,000 crore through debt. The company has already approved raising Rs 2,075 crore from a promoter entity through a preferential share issue. However, the tepid response to its FPO indicates investor wariness of high debt levels and uncertainty surrounding profitability.

Vodafone Idea FPO Subscribed 49% - 19 Apr, 2024

Vodafone Idea's follow-on public offering (FPO) was 49% subscribed on Day 2, with a plan to raise Rs 18,000 crore for network expansion and deferred spectrum payments. Indus Towers is expected to benefit if the fundraising and expansion are successful.

Vodafone Idea Follow-On Offer Receives Modest Response - 18 Apr, 2024

Vodafone Idea's Rs 18,000 crore follow-on offer opened to a modest response with just 26% of shares being sought by investors. The funds will be used for network expansion. CEO suggests the company may need further government support after the moratorium on AGR and spectrum dues ends in September 2025.

Vodafone Idea Secures Funding for Growth Capex - 17 Apr, 2024

Vodafone Idea raises Rs 5,400 crore from anchor investors and plans to raise Rs 18,000 crore through a follow-on public offer. The company aims to improve its positioning in the Indian telecom market, strengthen 4G services, launch 5G services, and pay vendor dues.

Investors Eye Vodafone Idea's FPO; GQG Partners Plans $400M Investment - 16 Apr, 2024

Foreign and domestic institutional investors, including GQG Partners, plan to participate in Vodafone Idea's Rs 18,000 crore FPO. The company has set a price range of ₹10-₹11 per share. Rajiv Jain-led GQG Partners LLC plans to invest around $400 million. Shares dropped by 3.95% due to the opening of the anchor book allocation for the FPO.

Vodafone Idea Launches Follow-On Public Offering to Boost Network Coverage - 15 Apr, 2024

Vodafone Idea is set to raise up to Rs 18,000 crore through a share sale to fund 5G infrastructure and clear deferred payments. The company aims to cover 40% of its revenue base with 5G services in the next 24-30 months. Vodafone Idea's CEO said that the FPO would be fully subscribed by anchor investors and that 5G services would be rolled out within six-nine months after the FPO.

Vodafone Idea to Launch FPO to Raise ₹18,000 Crore - 14 Apr, 2024

Analysts expect a 1.6% drop in revenue sequentially and a 2-million subscriber loss for Vodafone Idea's upcoming FPO. The funds will be used to launch 5G service and enhance 4G coverage, benefiting Indus Towers. Indus revenue growth is expected to be around 6% sequentially.

Vodafone Idea Announces Follow-On Public Offer and Approves Fundraising Plan - 13 Apr, 2024

Vodafone Idea plans to raise Rs 20,000 crore through equity by June-end. The company has announced an FPO of up to Rs 18,000 crore and approved raising Rs 2,075 crore from Aditya Birla Group. These funds will help the telco improve its positioning in the Indian telecom market and strengthen its finances for 5G rollout and payment of vendor dues.