Idea share price

The CEO added that the third leg of funding needs to come from external investors and multiple discussions are on. Moondra’s comments come a day after communications and IT minister Ashwini Vaishnaw told FE that the government is concerned over the delay by “Of course, there is a concern because investment is supposed to come. And only after investments, the company can revive. Everyone is concerned,” Vaishnaw told FE, adding that the government is constantly encouraging the promoters to invest in the firm. Meanwhile, on Friday, Aditya Birla group chairman KM Birla and Vodafone Idea chairman Ravinder Takkar met finance minister Nirmala Sitharaman. “Even while KM Birla was not on the company’s board, he was engaged with the company. Of course his coming back on board gives a lot of confidence to investors and bankers,” Moondra said. Vodafone Idea has been trying to raise external funds worth around Rs 10,000 for over a year now. However, a delay in dues conversion by the government into equity also affected the plan. The company will use the funds to invest in current 4G network expansion as well as 5G rollout to arrest its subscriber churn. When asked about meeting 5G rollout obligations, Moondra said that the minimum obligation is more a compliance requirement and the company will work on that. “However, we are not only focussed on the rollout obligation but a wider coverage of 5G once the funding is in place,” he added. Currently, 8% of the devices are 5G-enabled on the ...

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Synopsis Vodafone Idea is planning to infuse a total equity of Rs 14,000 crore, with Aditya Birla Group and UK's Vodafone Group contributing half of the amount, as part of its business revival plan. ABG and Vodafone Group are expected to invest Rs 2,000 crore as fresh equity while working to raise another Rs 7,000 crore from external investors. Bank debt reduced ET had reported on February 15 that ABG, which holds close to 18% of Vi, was in talks with foreign lenders to raise fresh funds to be infused as promoter equity. "ABG has tied up around $250 million with foreign lenders but there is a possibility that Vodafone Group may also participate in the funding round," said one of the persons cited above. ABG, Vi and Vodafone Group didn't respond to queries. "Vi has reduced its overall bank debt from the peak level of Rs 40,000 crore to around Rs 12,000 crore currently and the company has asked lenders to release funds commensurate with the equity infusion that has taken place already from the promoters," said another person. According to analysts, Vodafone Idea is likely to face a cash crunch of Rs 25,000 crore in FY26 and requires a steep hike in current tariffs to make up the shortfall. Vi lost 1.3 million 4G users in February, the steepest decline in 21 months for the loss-making carrier. It needs to urgently invest in 4G infrastructure to stem the attrition. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

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Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 • Company • • • • • • • • • Communications • • Follow • • • • • • Products • • • • • Industry Products • • • • • Media • • • • • • • • • • Media Services • • • Company • • • • • • • • • Communications • • Follow • • • • • • Products • • • • • Industry Products • • • • • • Media • • Technology • • • • Businessweek • • • • Media Services • • • Bloomberg Athlete | Empire: Alex Rodriguez One of the most successful, and controversial, athletes of his generation, Alex Rodriguez quietly built a real estate empire over two decades. Now, five years after retiring from baseball, he's accelerating his transformation from former athlete to investor and owner -- with an eye on his legacy, and maybe a dose of redemption. Bloomberg Radio Idea Generation: Action Bronson Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. Also streaming on your TV:

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The CEO added that the third leg of funding needs to come from external investors and multiple discussions are on. Moondra’s comments come a day after communications and IT minister Ashwini Vaishnaw told FE that the government is concerned over the delay by “Of course, there is a concern because investment is supposed to come. And only after investments, the company can revive. Everyone is concerned,” Vaishnaw told FE, adding that the government is constantly encouraging the promoters to invest in the firm. Meanwhile, on Friday, Aditya Birla group chairman KM Birla and Vodafone Idea chairman Ravinder Takkar met finance minister Nirmala Sitharaman. “Even while KM Birla was not on the company’s board, he was engaged with the company. Of course his coming back on board gives a lot of confidence to investors and bankers,” Moondra said. Vodafone Idea has been trying to raise external funds worth around Rs 10,000 for over a year now. However, a delay in dues conversion by the government into equity also affected the plan. The company will use the funds to invest in current 4G network expansion as well as 5G rollout to arrest its subscriber churn. When asked about meeting 5G rollout obligations, Moondra said that the minimum obligation is more a compliance requirement and the company will work on that. “However, we are not only focussed on the rollout obligation but a wider coverage of 5G once the funding is in place,” he added. Currently, 8% of the devices are 5G-enabled on the ...

Synopsis Vodafone Idea is planning to infuse a total equity of Rs 14,000 crore, with Aditya Birla Group and UK's Vodafone Group contributing half of the amount, as part of its business revival plan. ABG and Vodafone Group are expected to invest Rs 2,000 crore as fresh equity while working to raise another Rs 7,000 crore from external investors. Bank debt reduced ET had reported on February 15 that ABG, which holds close to 18% of Vi, was in talks with foreign lenders to raise fresh funds to be infused as promoter equity. "ABG has tied up around $250 million with foreign lenders but there is a possibility that Vodafone Group may also participate in the funding round," said one of the persons cited above. ABG, Vi and Vodafone Group didn't respond to queries. "Vi has reduced its overall bank debt from the peak level of Rs 40,000 crore to around Rs 12,000 crore currently and the company has asked lenders to release funds commensurate with the equity infusion that has taken place already from the promoters," said another person. According to analysts, Vodafone Idea is likely to face a cash crunch of Rs 25,000 crore in FY26 and requires a steep hike in current tariffs to make up the shortfall. Vi lost 1.3 million 4G users in February, the steepest decline in 21 months for the loss-making carrier. It needs to urgently invest in 4G infrastructure to stem the attrition. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.