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Telecom shares in focus.
Business standard vodafone idea. Read more about vodafone idea bites the bullet on tariff hike as firm struggles to pay dues on business standard. The latest move even if it is symbolic is the first rate hike after the one announced end of 2019. Business standard now you can use vodafone idea cellular services on supported apple watches this service is available for vodafone postpaid customers including enterprise postpaid in mumbai delhi and gujarat.
How vodafone idea can survive in the three pronged battle on business standard. However the company has moved cautiously by raising the tariff only in limited circles such as uttar pradesh. Vodafone idea will have to cough up an additional rs 5 235 crore every year till 2040 to pay its remaining portion of the agr dues.
Vodafone idea said in september it plans to raise as much as 250 billion rupees 3 4 billion selling shares and debt to shore up its finances as competition heats up in the indian wireless industry. Idea looks to retain its old identity in its first major campaign under the newly merged network hopes to lead consumers gently into the new reality. It is trading close to its 52 week high of rs 14 touched on june 6 2019.
Read more about explained. Vodafone idea limited formerly idea cellular limited an aditya birla group vodafone partnership suman towers plot no 18 sector 11 gandhinagar 382011 gujarat cin l32100gj1996plc030976 t. Vodafone idea up 12 bharti airtel gains 3.
Shares of vodafone idea has seen a phenomenal rise in the last few sessions zoomed 129 per cent from level of rs 5 50 in the past 10 sessions. 91 79 6671 4000 f. How do two strong telecom brands survive together.
According to a business standard report the tariff hike of rs 50 has been effected under vodafone idea s red family pack plans which currently cost rs 598 and rs 749 respectively. As per media reports vodafone idea is considering increasing tariffs 15 20 by the end of the year or early next year. It wasn t immediately clear how a potential deal with the oaktree backed consortium would be structured.
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