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Nokia, Ericsson to pick Rs 2,458 Cr stake in Vodafone Idea in lieu of dues

YourStory

YourStory · 1y ago

Nokia, Ericsson to pick Rs 2,458 Cr stake in Vodafone Idea in lieu of dues

Vodafone Idea, a debt-ridden telecom operator, has approved the allocation of shares worth INR 2,458 crore to Nokia India and Ericsson India to settle their partial dues. The allotment of shares, priced at INR 14.80 per share, represents a 35% premium compared to the company's follow-on offer price. Nokia and Ericsson will contribute up to INR 1,520 crore and INR 938 crore, respectively, pending approval by Vodafone Idea shareholders. This move will help Vodafone Idea clear a portion of its outstanding debts to the vendors.

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Related News

Vodafone Idea could launch FPO in 1-2 weeks, talking to investors for fund raise: Report

Money Control

Money Control · 1y ago

Vodafone Idea could launch FPO in 1-2 weeks, talking to investors for fund raise: Report

Telecom company Vodafone Idea is reportedly planning to raise Rs 15-20,000 crore through a follow-on public offering (FPO), according to sources. The FPO is aimed at financing the delayed rollout of 5G and strengthening its 4G services. Vodafone Idea had already obtained board approval for the fundraising in February. The company's ability to secure funding is crucial for its market position and to boost average revenue per user (ARPU). The shareholders have also approved a fund raise of Rs 20,000 crore, which could benefit telecom gear vendors Nokia and Ericsson.

Not received communication from govt regarding considering relief of Rs 84,000 cr, says Vodafone Idea

Economic Times

Economic Times · 2m ago

Not received communication from govt regarding considering relief of Rs 84,000 cr, says Vodafone Idea

Vodafone Idea (Vi) announced it hasn't received any government communication regarding possible relief of Rs 84,000 crore in outstanding regulatory dues. Despite media reports suggesting government intervention, the company confirmed it would update stakeholders with any developments. Vodafone Idea, owing Rs 83,400 crore in AGR dues as of March 2025, faces financial difficulties, needing to pay Rs 18,064 crore by March end. Concerns exist about Vi's future without regulatory relief.

Residual funds from Voda's Indus Towers stake sale may go towards latter's dues

Livemint

Livemint · 1y ago

Residual funds from Voda's Indus Towers stake sale may go towards latter's dues

Indus Towers may receive residual funds from Vodafone's stake sale in the company. Indus has a secondary pledge on Vodafone's 21% stake, and if the sale goes through, Indus will receive the residual amount after Vodafone clears dues with primary pledgers, up to a maximum of ₹4,250 crore. Indus Towers has been collecting receivables from Vodafone Idea and is in discussions for a payment plan to clear outstanding dues. The tower provider expects to benefit from incremental tenancy business and plans to offer Vodafone Idea existing towers as second tenants.

Vodafone Idea signs ₹30,000 crore deal with Nokia, Ericsson, Samsung for 4G, 5G gear | Mint

Livemint

Livemint · 11m ago

Vodafone Idea signs ₹30,000 crore deal with Nokia, Ericsson, Samsung for 4G, 5G gear | Mint

Vodafone Idea has awarded contracts worth approximately ₹30,000 crore to Nokia, Ericsson, and Samsung for the supply of 4G and 5G network equipment over three years. This move is part of the company's three-year capex plan of around ₹55,000 crore. The goal is to expand 4G coverage, launch 5G in key markets, and increase capacity to accommodate data growth. The supply of equipment under these contracts will begin in the coming quarter.

Supreme Court Rejects Telcos’ Plea for AGR Dues Waiver

StartupTalky

StartupTalky · 3m ago

Supreme Court Rejects Telcos’ Plea for AGR Dues Waiver

The Supreme Court of India has rejected pleas by Vodafone Idea, Bharti Airtel, and Tata Teleservices to waive their adjusted gross revenue (AGR) dues, including interest and penalties. The decision could significantly impact Vodafone Idea, which may face insolvency without relief. Although Vodafone Idea's senior advocate stated the government owns a considerable stake, the court's ruling prevents offering further concessions. The government is reluctant to increase its stake, potentially transforming the carrier into a public sector entity.

ATC to get 2.9% in Vodafone Idea, converts OCDs worth ₹1,440 cr to equity

Livemint

Livemint · 1y ago

ATC to get 2.9% in Vodafone Idea, converts OCDs worth ₹1,440 cr to equity

Vodafone Idea will allot equity shares worth ₹1,440 crore to ATC Telecom Infrastructure from optionally convertible debentures (OCDs). ATC will have a 2.9% shareholding after conversion. Vodafone Idea has significant dues to vendors and tower service providers, including ATC. The company is raising ₹45,000 crore, including a ₹20,000 crore equity-based fund raise, to clear its debts. Vodafone Idea aims to raise the remaining amount through debt financing. The company plans to launch 5G services and expects to generate 40% of its revenue from the 5G business in the next 24-30 months.

Voda Idea to seek to convert dues into equity after moratorium ends: JP Morgan

Livemint

Livemint · 1y ago

Voda Idea to seek to convert dues into equity after moratorium ends: JP Morgan

Vodafone Idea plans to ask the Indian government to convert the annual installment for spectrum payments due in FY26/FY27 into equity. The telecom company has recently raised ₹18,000 crore in a follow-on public offer and believes it will have enough cash to repay government dues starting in FY28. Vodafone Idea currently owes the government $24.5 billion for spectrum purchases and adjusted gross revenues. It proposes converting a portion of this debt into equity in order to ease its cash crunch. The government is already the largest shareholder in Vodafone Idea with a 24.27% stake, which could increase to 35% if the conversion is approved.

Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of Vi dues

Livemint

Livemint · 8m ago

Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of Vi dues

Vodafone to sell 3 pc stake in Indus Towers for ₹2,841 cr to clear debt, part payment of Vi dues

Vodafone Idea, Indus Towers shares plummet 15% as Supreme Court upholds AGR ruling

Money Control

Money Control · 10m ago

Vodafone Idea, Indus Towers shares plummet 15% as Supreme Court upholds AGR ruling

- Supreme Court rejects telecommunication companies' plea for re-computation of AGR dues. - Shares of Vodafone Idea crashed over 15 percent, while Bharti Airtel shares were up two percent. - Vodafone Idea filed a curative petition seeking correction of errors in AGR demand calculation, limiting penalty to 50 percent of shortfall, and revising interest rate on penalty. - Cash flow situation expected to become more challenging for Vodafone Idea without relief from court. - Goldman Sachs reaffirms bearish rating on Vodafone Idea, predicts further erosion of market share despite recent capital raise.

Cost, integration and scalability: Hurdles for Open RAN in India

Economic Times

Economic Times · 10m ago

Cost, integration and scalability: Hurdles for Open RAN in India

Vodafone Idea (Vi) has secured contracts with traditional network vendors like Nokia, Ericsson, and Samsung, raising concerns about the future of Open RAN technology in India's telecom sector. Open RAN allows the sharing of hardware and software components, potentially reducing costs. However, challenges around cost effectiveness, scale, legacy infrastructure, and standardization have diminished enthusiasm for the technology. Notably, Japan's Rakuten and enterprise open-source solutions company Red Hat remain optimistic about the transition to Open RAN. Trials with virtualized RAN (vRAN) have been conducted by Vi and Samsung, Airtel and Mavenir, and Reliance Jio is developing its own open stack.

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