IDEA.NS - Vodafone Idea Limited

NSE - NSE Real Time Price. Currency in INR
5.75
+0.45 (+8.49%)
At close: 3:29PM IST
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Previous Close5.30
Open0.00
Bid0.00 x 0
Ask0.00 x 0
Day's Range5.00 - 5.90
52 Week Range4.80 - 32.02
Volume138,062,170
Avg. Volume93,998,456
Market Cap164.639B
Beta (3Y Monthly)1.46
PE Ratio (TTM)N/A
EPS (TTM)-17.32
Earnings DateNov 13, 2019 - Nov 18, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2016-09-22
1y Target Est45.58
  • Reliance Jio Becomes India's Top Telecom Services Provider
    Bloomberg

    Reliance Jio Becomes India's Top Telecom Services Provider

    (Bloomberg) -- Reliance Jio Infocomm Ltd. won more subscribers to become India’s biggest telecom operator, as companies prepare for the planned rollout of a 5G network next year.Reliance Jio’s subscriber base grew to 331.3 million in the quarter ended June, the company reported July 19. That’s higher than nearest rival Vodafone Idea Ltd., which on Friday said its users fell to 320 million from 334.1 million last quarter.Launched three years ago by Mukesh Ambani, Asia’s richest man, Reliance Jio’s rapid growth has been fueled by more than $36 billion in spending. Deep pockets helped the company lead intense competition that has driven India’s data tariffs to the lowest in the world. Bruised by the price war, firms have either been forced to shut down or combine with other players, such as the local unit of Vodafone Group Plc that merged with Idea Cellular Ltd.Read more: The $84 Billion Dilemma Vexing India’s Three Telecom TycoonsReliance Jio became No. 2 in May, when its market share increased to 27.8%, according to data released by the industry regulator Trai. Vodafone Idea’s market share was 33.4% and Bharti Airtel Ltd. had 27.6% of the wireless market.Most of Asia’s largest wireless carriers are in the process of testing 5G networks, with plans to introduce them commercially in 2020.To contact the reporter on this story: Ronojoy Mazumdar in Mumbai at rmazumdar7@bloomberg.netTo contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Jeanette RodriguesFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Vodafone Idea Picks Banks for $1.9 Billion Fiber Sale
    Bloomberg

    Vodafone Idea Picks Banks for $1.9 Billion Fiber Sale

    (Bloomberg) -- Vodafone Idea Ltd. has hired Bank of America Corp. and Morgan Stanley to help sell its fiber assets as India’s largest mobile carrier by users seeks to bolster its finances, people familiar with the matter said.The bankers will initiate discussions with potential buyers for the fiber assets, which could be valued at as much as 130 billion rupees ($1.9 billion), the people said, asking not be identified as the talks are private.A final decision has yet to be made on the valuation and the stake to be sold, and the company could bring in more banks for the sale, the people said. Representatives for Vodafone Idea and Morgan Stanley declined to comment, while a Bank of America spokesman didn’t immediately respond to requests for comments.A deal, if successful, would help the phone-service provider add to the funds it’s been raising to pare debt and fend off rivals Bharti Airtel Ltd. and billionaire Mukesh Ambani’s Reliance Jio Infocomm Ltd., an upstart that upended the market after its debut in 2016. In April, Vodafone Idea raised 250 billion rupees from a rights issue, building a war chest as India readies for a 5G network.Vodafone Idea, which was formed by the merger of Vodafone Group Plc’s local unit with tycoon Kumar Mangalam Birla’s Idea Cellular Ltd., has reported losses in every quarter since the deal was announced in 2017.Both Bharti Airtel and Vodafone Idea top the list of Asian peers with highest borrowings, according to data compiled by Bloomberg.Mumbai-based Vodafone Idea is in the process of transferring all of its fiber assets into a separate company before the sale. The unit has about 158,000 kilometers (98,177 miles) of fiber, according to a presentation posted on its website in February.Shares of Vodafone Idea fell 5.4% on Thursday, the biggest drop in almost two months. The stock declined 50% this year, while India’s benchmark Sensex index rose 7.8%.(Updates to add shares performance in the final paragraph.)To contact the reporters on this story: Baiju Kalesh in Mumbai at bkalesh@bloomberg.net;P R Sanjai in Mumbai at psanjai@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net;Sam Nagarajan at samnagarajan@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • The $84 Billion Dilemma Vexing India's Three Telecom Tycoons
    Bloomberg

    The $84 Billion Dilemma Vexing India's Three Telecom Tycoons

    (Bloomberg) -- After racking up $59 billion of net debt to survive a brutal war in the world’s second-biggest phone-services market, some of India’s billionaires are bracing for more as their next battle looms: 5G.India seeks to raise $84 billion this year from a sale of airwaves -- most of it for the new technology tipped to revolutionize connectivity. That’s posing a conundrum for the carriers controlled by tycoons including Mukesh Ambani, Asia’s wealthiest man. Investment would mean more borrowings, but the reward could be revenue streams never seen before.Operators may soon decide how much more pain they can endure for a high-speed wireless network that can offer better user experience in streaming, gaming and entertainment in a market where Netflix Inc. to Amazon.com Inc. are making inroads. With applications ranging from manufacturing to education and health care, 5G could be the catalyst for India’s digital economy that has the potential to reach $1 trillion by 2025, according to a report by Deloitte.‘Competitive Parity’“Any player missing on the 5G service offering is likely to see erosion of market share,” said Alok Shende, a Mumbai-based principal analyst for telecom at Ascentius Insights. “There’s all the more case for maintaining competitive parity to remain in the game. Offering a forward path to customers is important.”Bharti Airtel Ltd. and Vodafone Idea Ltd., the two biggest carriers, didn’t respond to request for comments on their 5G plans, while Ambani’s Reliance Industries Ltd. said it won’t comment on the spectrum auction.While 5G offers potential in augmented reality, virtual reality, connected cars, autonomous drones, smart homes and cities, the real promise for a country like India lies in rural areas, said Prashant Singhal, global head of telecommunications at Ernst & Young.The technology could address some of the basic challenges due to lack of infrastructure in health care and education. For instance, an experienced surgeon in a major urban hospital can advise an in-theater doctor in a small town to perform a surgery over a real-time 5G connection or a holographic image of a teacher could be beamed to a classroom in a village, he said.Most of Asia’s largest wireless carriers are in the process testing 5G networks, with plans to introduce them commercially in 2020.World’s FirstSouth Korea’s SK Telecom Co. unveiled its 5G network for public use in April, calling it the world’s first such full commercial roll out. China issued 5G licenses to its three main operators earlier this month, raising the prospect of services starting as early as this year. India plans to deploy its own next year.The immediate challenge in India would be the investment needed for the network, which the Telecom Regulatory Authority of India estimates could be as much as $70 billion. That amount will further dent the finances of operators that are in the midst of efforts to pare debt piled over the past decade.“Spectrum pricing is too expensive in India and the telecom companies will have further stress in their balance sheets if they wish to participate in the upcoming auction,” Rajan Mathews, chief of Cellular Operators Association of India, the industry group representing the carriers, said in an interview Tuesday. “But they have an option of buying at a later date.”Deferred PurchaseIn India, successive governments running chronic budget deficits have relied on airwave auctions to replenish their coffers. If authorities don’t garner enough demand for the airwaves, they usually cut the price by as much as 40% in the subsequent round, according to Deepti Chaturvedi, an analyst at CLSA India Pvt. The preferred option may be to defer the purchase, she wrote in a note earlier this month.Despite a market with more than 1.1 billion subscribers, competition has driven data tariffs to less than a dollar for 1 GB -- the cheapest in the world. The monthly average revenue per mobile user is also among the lowest -- at about $2 -- compared with about $8 in China and at least $40 in the U.S.The environment got tougher after Ambani, 62, as part of his empire expansion, unleashed Reliance Jio Infocomm Ltd. in 2016 with free calls and even cheaper data. As a result, many incumbents retreated or merged. Reliance Communications Ltd., run by Ambani’s younger brother, is now facing bankruptcy. The consolidation has left three non-state carriers still standing, from about 10 four years ago: Jio, Bharti Airtel and Vodafone Idea.Bruised by Jio, which rolled out its network aggressively to acquire more than 300 million customers within three years, billionaire Sunil Mittal’s Bharti Airtel has run up a net debt of about $16 billion, while shoring up profits with one-time gains for at least four quarters in a row.Vodafone Idea, India’s largest carrier by users after Vodafone Group Plc’s local unit merged with tycoon Kumar Mangalam Birla’s Idea Cellular Ltd., has reported losses in every quarter since the deal was announced in 2017. Both Bharti Airtel and Vodafone Idea top the list of Asian peers with highest borrowings, according to data compiled by Bloomberg.However, unlisted Jio thrived, supported by the deep pockets of Ambani’s energy-to-retail conglomerate that has spent more than $36 billion to build the telecom unit. But the group’s net debt of almost $28 billion is also backed by cash and equivalents of $11.3 billion. In January, Ambani, said in a speech that his network is “fully 5G ready,” signaling spending will be relatively less.Globally, 5G spectrum auctions have witnessed “robust” participation, said Ernst & Young’s Singhal. Germany raised 6.55 billion euros ($7.3 billion) this month, more than the government’s highest estimate of 5 billion euros, while Italy got $7.6 billion last year, more than twice what authorities expected. If that trend is any indication, India’s auction may well turn out to be a success.“The prognosis for 5G in India is positive given the growing appetite for data, increasing digital transformation and the need to quickly adopt new technologies,” said Singhal. “It has the potential to transform lives and play a key role in socio-economic development.”\--With assistance from Santosh Kumar and Dave McCombs.To contact the reporter on this story: P R Sanjai in Mumbai at psanjai@bloomberg.netTo contact the editors responsible for this story: Sam Nagarajan at samnagarajan@bloomberg.net, Bhuma ShrivastavaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Vodafone Idea posts loss for a second straight quarter since merger
    Reuters

    Vodafone Idea posts loss for a second straight quarter since merger

    Competition in India's telecoms industry has ramped up since Reliance Jio Infocomm Ltd, owned by Asia's richest man Mukesh Ambani, entered the market in 2016, leading to huge price cuts across the industry. While Jio reported a 65 percent jump in quarterly profit, rival Bharti Airtel Ltd posted a 72 percent profit decline. The shake-up led to consolidation, with London-based Vodafone Plc merging its Indian operations with Idea Cellular last year in a deal worth $23 billion.

  • Reuters

    Vodafone Idea posts quarterly loss, says to raise $3.5 billion

    The company said its board is evaluating ways to raise the capital in which promoters Vodafone Group will chip in 110 billion rupees and Aditya Birla Group 72.5 billion rupees. This is the first quarterly result since Vodafone Plc merged its Indian operations with Idea Cellular in August, creating the country's largest telecom operator by subscribers and revenue. The results included numbers for Idea Cellular up to Aug.30 and Vodafone Idea from Aug.31 to Sept.30, and were not comparable to earlier periods, the company said in a statement.

  • Simply Wall St.

    Does Vodafone Idea Limited’s (NSE:IDEA) CEO Salary Compare Well With Others?

    In 2011 Himanshu Kapania was appointed CEO of Vodafone Idea Limited (NSE:IDEA). First, this article will compare CEO compensation with compensation at similar sized companies. Next, we’ll consider growth that Read More...

  • Reuters

    Idea Cellular, Vodafone complete merger of India businesses

    The merged entity would be a formidable rival to billionaire Mukesh Ambani's Reliance Jio Infocomm, which has caused a widespread disruption in the domestic telecom industry. Stiff competition triggered consolidation in world's No.2 mobile phone market, with Vodafone and Idea agreeing to merge their operations in India in a $23 billion deal last February.

  • Reuters

    Idea and Vodafone's India deal edges closer to completion - source

    Idea Cellular and Vodafone have cleared the last regulatory hurdle to merge their operations in India, a source told Reuters, opening the way for the creation of a new market leader in the fiercely competitive country. Vodafone, the world's second biggest mobile operator, entered India in 2007 amid much fanfare but has struggled almost since its arrival due to the extremely low pricing and a long-running tax battle. The two groups announced the deal in March last year to create a player with a combined base of around 400 million customers, overtaking Bharti Airtel and accounting for about 40 percent of revenue in the market.

  • Reuters

    Malaysia's Axiata reports second quarter loss on technical impairment

    Malaysian telecoms firm Axiata Group Bhd swung to a second-quarter net loss of 3.36 billion ringgit ($818.5 million) after an impairment charge relating to the merger of an associate company. Idea Cellular Ltd, a loss-making Indian firm in which Axiata has a stake, is undergoing a merger with Vodafone India Ltd. The charge, amounting to 3.38 billion ringgit, was due to its reclassification from a strategic investment to a financial one on Axiata's books. Axiata's equivalent net profit from a year ago was 407.2 million ringgit.

  • Reuters

    BRIEF-Axiata Group Posts Qtrly Net Loss 3.36 Bln RGT

    Aug 24 (Reuters) - Axiata Group Bhd: * QTRLY NET LOSS 3.36 BILLION RGT * QTRLY REVENUE 5.87 BILLION RGT * DECLARED AN INTERIM DIVIDEND OF 5 SEN PER SHARE * YEAR AGO QTRLY NET PROFIT 407.2 MILLION RGT, ...