Expecting a 25,000 Crore capital Influx, Vodafone-Idea shares go up

Must Read

Jharkhand polls for 81 constituencies from November 30 to December 20; counting on 23rd December

Addressing a press meeting today, Chief Election Commissioner Sunil Arora has announced the poll dates for Jharkhand Legislative assembly....

Congress forms six-member committee of AICC to review situation of NRC in Assam

In a bid to review the condition of Assam state after the implementation of the NRC exercise, Congress party...

Shiv Sena elects Eknath Shinde as party’s legislative leader; Sunil Prabhu appointed as chief whip of party

In a striking breakthrough, Shiv Sena elected senior minister Eknath Shinde as the party's legislative leader today. It has...

Vodafone-Idea Ltd expected a capital influx of around Rs 25,000 Crore till the end of the last quarter of the fiscal and is also planning to initiate selling of its stake in the telecom entity formed by the merger of Indus Towers and Bharti Infratel.

The Vodafone-Idea which is lagging behind their rival Reliance Jio and Bharti Airtel, last year merged in a single entity to survive the ongoing tariff war in the Indian Telecom sector. The company is planning to invest for the expansion of its 4G network and to do is planning to kick-off of some deleveraging operations.

The company is planning to spend 20,000 crore over the next 5 quarter.

It lost around 35 million users in the 3rd quarter of the previous fiscal and now has a joint subscriber base reduced to 387.2 million. The company is still expecting loss of more subscribers during the current and the subsequent quarter, as the “low paying – only incoming” subscribers might have to leave the network due to its recent policies.

But after the initial loss of subscribers, the company is expecting the subscriber numbers to reach a stable point. The primary reason behind this subscribe base shredding seems to be high competition in telecom industry.Another major reason can be Vodafone-Idea’s new policies for increasing its average revenue per user (ARPU). In the 3rd quarter of the current fiscal ARPU marginally increased to 89 from 88, in the preceding quarter.

Due to this expected capital infusion, the shares of Vodafone-Idea surged around 11% on BSE and closed with a gain of 8.2% at Rs 32.25.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

Iran condemns killing of Palestinian Islamic Jihad leader

Tehran, Nov 14 (IANS) Iran's Foreign Ministry strongly condemned Israel's attack on the Gaza Strip and the assassination of...

17 York Road: Where Nehru used to meet Edwina (Nov 14 is Jawaharlal Nehru’s b’day)

By Vivek ShuklaNew Delhi, Nov 14 (IANS) The 17 York Road (now Moti Lal Nehru Road) Lutyen Zone...

Nadal rallies from brink for 1st win at ATP Finals

London, Nov 14 (IANS) Rafael Nadal saved a match point and rallied from two service breaks down in the third set to edge Russia's...

US stocks close mixed after trading higher

New York, Nov 14 (IANS) US stocks ended mixed on Wednesday. The Dow increased 0.33 per cent to 27,783.59, and the S&P 500 rose...

UN agencies to launch regional plan for Venezuelan refugees

United Nations, Nov 14 (IANS) Two UN agencies are launching a $1.35 billion plan to aid millions of people who have fled Venezuela, as...
- Advertisement -

More Articles Like This