IDEA

** Shares of Vodafone Idea VODA.NS down 6% to 8.2 rupees

** India's top court defers hearing VODA's plea over additional telecom dues to Oct 6, Moneycontrol says

** The telecom operator seeks to quash fresh demand of telecom dues worth 94.5 billion rupees ($1.1 billion) from government

** Hearing deferred following government seeking more time to respond to VODA's plea

** Stock set to fall most in a session in a month

** VODA on track to snap three straight weeks of gains

** Avg rating of 19 analysts is "hold" and median PT is 7 rupees - data compiled by LSEG

** YTD, VODA up ~9%

($1 = 88.6900 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

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Sept 19 (Reuters) - Vodafone Idea Ltd VODA.NS:

• VODAFONE IDEA LTD - CHALLENGED ADDITIONAL AGR DEMANDS RAISED BY DEPARTMENT OF TELECOMMUNICATIONS

• VODAFONE IDEA LTD - SUPREME COURT HEARING ON AGR MATTER SET FOR SEPT 26

Source text: ID:nBSEbF3LD7

Further company coverage: VODA.NS

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Sept 18 (Reuters) - Tata Consultancy Services Ltd TCS.NS:

• TCS - PARTNERED WITH VODAFONE IDEA TO TRANSFORM THEIR BUSINESS SUPPORT SYSTEM

• TATA CONSULTANCY SERVICES LTD - FIVE-YEAR ENGAGEMENT TO HELP VI UNLOCK NEW CAPABILITIES

Source text: ID:nnAZN4JFW6G

Further company coverage: TCS.NS

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Aug 26 (Reuters) -

• INDIA'S VODAFONE IDEA IN ADVANCED TALKS TO RAISE 50 BILLION RUPEES , DEAL LIKELY TO CLOSE IN NEXT FEW WEEKS- MONEY CONTROL

Source text: https://bit.ly/4oY0O8s

Further company coverage: VODA.NS

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** Shares of Vodafone Idea VODA.NS rise as much as 9.5% to 7.17 rupees, set for biggest one-day jump since April 21

** NDTV Profit reports citing sources that government may slash telecom dues for co, Bharti Airtel BRTI.NS

** BRTI is up 0.25%

** If approved, VODA's dues will be reduced to 280 billion rupees ($3.2 billion) from 834 billion rupees, while BRTI's dues will fall to 100 billion rupees from 420 billion rupees, the report said

** VODA, BRTI and the India government did not immediately respond to a Reuters' request for comment

** VODA shares are down 10.5% in 2025, while BRTI has gained 22%

($1 = 87.5000 Indian rupees)

(Reporting by Nishit Navin in Bengaluru)

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** Vodafone Idea VODA.NS gains 4.7% to 6.44 rupees; marks biggest intraday pct gain in more than a month

** Co posts smaller-than-expected Q1 loss as telecom operator continues to benefit from last year's price hikes

** Appoints insider Abhijit Kishore as CEO effective August 19

** Stock rated "hold" on avg; median PT is 7 rupees, per data compiled by LSEG

** YTD, VODA falls 18.9% vs Bharti Airtel's BRTI.NS 18.7% gains

(Reporting by Aleef Jahan in Bengaluru)

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June 20 (Reuters) - Vodafone Idea Ltd VODA.NS:

• VODAFONE IDEA - PROMOTERS WILL CONTINUE TO HAVE OPERATIONAL CONTROL

• VODAFONE IDEA - SIGNIFICANT HEADROOM IN ARPU SINCE IT HAS NOT INCREASED IN LINE WITH USAGE

• VODAFONE IDEA - SUFFICIENT SPECTRUM AVALIABLE TO SUPPORT 4G SUBSCRIBER MIGRATION TO 5G

• VODAFONE IDEA - HIGH SPECTRUM PER MILLION SUBS EXPECTED TO DRIVE NEAR TERM GROWTH

Source text: ID:nBSEbLRkS7

Further company coverage: VODA.NS

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Updates

** India's Vodafone Idea VODA.NS drops 8.2% to 6.80 rupees; on course to snap three-session gaining streak

** India's Supreme Court dismisses VODA's plea seeking court's help for government rejecting to waive its telecom dues

** VODA dropped 5% in early trade after it asked Supreme Court to intervene "in public interest" after government rejected request to waive over $5 bln dues

** CEO Akshaya Moondra says, "no support will lead to a point of no return" and Vodafone "will not be able to operate beyond FY26"

** Analysts on average rate VODA "hold"; median PT 7.85 rupees, as per LSEG data

** YTD, stock down ~14% vs ~15% gain in rival Bharti Airtel BRTI.NS

(Reporting by Kashish Tandon and Vivek Kumar M)

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May 2 (Reuters) - Vodafone Idea Ltd VODA.NS:

• VODAFONE IDEA LTD - AMENDS SHAREHOLDERS' AGREEMENT QUALIFYING THRESHOLD TO 10%

• VODAFONE IDEA - STAKE OF ADITYA BIRLA GROUP, VODAFONE GROUP STANDS AT 9.50%, 16.07% RESPECTIVELY

Source text: ID:nBSE9cq13y

Further company coverage: VODA.NS

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April 8 (Reuters) - Vodafone Idea Ltd VODA.NS:

• ALLOTS 36.95 BILLION SHARES TO GOVERNMENT OF INDIA

• GOVERNMENT OF INDIA SHAREHOLDING IN VODAFONE IDEA AT 48.99%

Source text: ID:nBSE7lLKVh

Further company coverage: VODA.NS

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Adds details, background and analyst comments from paragraph 4

April 1 (Reuters) - Indian telecom company Vodafone Idea's VODA.NS shares rose 20% on Tuesday after the country's government said it would convert a part of the firm's outstanding spectrum auction dues into equity, giving it a lifeline amid its struggles with its debt load and better-funded rivals.

Its shares were last up 20% at 8.16 rupees, on track for their biggest one-day gain in 15 months.

The government's stake in Vodafone Idea will increase to 48.99% from 22.6% after it converts 369.5 billion rupees ($4.32 billion) of the dues, the company said late on Sunday.

Vodafone Idea's current spectrum dues are estimated at $18 billion, while its net debt stood at $25 billion as of September 2024, brokerage firm CLSA said.

Analysts said this move will offer relief to Vodafone Idea, which has been hit harder than its larger rivals Reliance Jio RELJ.NS and Bharti Airtel BRTI.NS from high spectrum dues along with its heavy debt.

The government's decision eases concerns for the company's repayments in fiscal year 2026 and also improves the outlook for raising debt, Nomura analysts said.

CLSA analysts echoed Nomura's comments, adding that the conversion of spectrum dues to equity will take care of Vodafone Idea's repayments till calendar year 2027.

The company's moratorium on spectrum and adjusted gross revenue (AGR) dues ends in September. While the Supreme Court rejected its plea to recalculate AGR dues last year, analysts at Ambit Capital said they believe the conversion opens doors for potential government relief.

Vodafone Idea's AGR dues are currently estimated to be roughly $8 billion, per CLSA.

Analysts also said the move will help Vodafone Idea meet its targeted capital spending of 500-550 billion rupees by fiscal year 2028 to ramp up efforts to boost customer retention through expanded 5G trials, competitive tariff plans and improved network coverage.

Shares of Indus Towers INUS.NS, to which Vodafone owes 50-60 billion rupees, rose about 7% as analysts said they expect the company to be a key beneficiary of the move.

($1 = 85.5160 Indian rupees)

(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza and Varun H K)

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March 30 (Reuters) - The Indian government will increase its stake in Vodafone Idea VODA.NS to approximately 48.99% by converting 369.5 billion rupees ($4.3 billion) in outstanding spectrum auction dues into equity, a regulatory filing from the company showed on Sunday.

The Ministry of Communications has directed Vodafone Idea to issue 36.95 billion shares at 10 rupees each, the filing said, boosting the government's stake from 22.6%. The government is already the largest shareholder in the telecom company, according to LSEG data.

Vodafone Idea - formed by a merger between the Indian arm of the UK's Vodafone Group VOD.L and Aditya Birla Group's Idea Cellular in 2018 - said its initial investors will continue to have operational control despite the increased government stake.

The move aligns with the government's September 2021 relief package announced for the telecom sector.

In December, the company announced a plan to raise up to 19.80 billion rupees through the issue of preferential shares.

As of September 2024, the debt-saddled firm's total debt pile stood at 2.16 trillion rupees, including deferred spectrum payment obligations it owes to the government.

The company in February reported a smaller-than-expected third-quarter loss.

($1 = 85.5340 Indian rupees)

(Reporting by Pretish M J and Nilutpal Timsina in Bengaluru; Editing by David Holmes)

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Adds context, details from paragraph 2 onwards

March 26 (Reuters) - India's Bharti Airtel BRTI.NS and its unit Bharti Hexacom BHAX.NS have prepaid 59.85 billion rupees ($698.33 million) to the government, fully clearing "high-cost" liabilities from the 2024 spectrum auctions, the telecom company said on Wednesday.

Airtel, the country's no.2 telecom firm by user base, has been prepaying high-cost spectrum dues that it and other Indian telecom operators owe the government, following years of high-stakes auctions and aggressive bidding for airwaves.

The latest payment has trimmed Airtel's debt pile related to spectrum to 520 billion rupees, bringing down the cost of debt to 7.22%, the company said.

Airtel's early payments now total 666.65 billion rupees ($7.78 billion), it said, adding that it has settled liabilities with interest rates of 10%, 9.75%, and 9.3% about seven years before their average maturity dates.

The latest payment was made for liabilities that carried an interest rate of 8.65%, Airtel said, without specifying when the debt was previously due.

Peer Vodafone Idea VODA.NS owes about 1.42 trillion rupees in spectrum dues as of September 2024.

Another Airtel subsidiary, Network i2i, also redeemed $1 billion in perpetual debt securities - a debt instrument with no fixed maturity date - reducing the company’s outstanding perpetual notes to $479 million, the telecom company said.

Airtel's shares closed 0.5% higher on Wednesday after the announcement.

($1 = 85.7050 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)

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March 25 (Reuters) - Vodafone Idea Ltd VODA.NS:

• VODAFONE IDEA - SIGNS MOU WITH WEST BENGAL GOVERNMENT. TO OFFER DIGITAL ADVISORY TO MSMES

Further company coverage: VODA.NS

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Adds details and background from paragraph 2 onwards

March 19 (Reuters) - Vodafone Idea VODA.NS is in exploratory talks with various satellite communication providers, including Starlink, the company said on Wednesday, a week after the Indian telecom firm's rivals signed deals with Elon Musk's company.

The mobile operator made the disclosure after Indian stock exchanges sought a clarification on its stock move and a report by local financial news website Moneycontrol earlier in the day.

Shares of Vodafone Idea rose nearly 5% on Wednesday.

"Our strategy is to provide services -- whether fixed or mobile -- in uncovered areas, where satellite makes perfect sense," Vodafone Idea Chief Technology Officer Jagbir Singh told Moneycontrol, as per the report.

"The other (strategy) is to provide fixed wireless broadband in rural areas and smaller towns, where it is expensive to roll out such services."

Last week, Musk's SpaceX signed deals with Bharti Airtel BRTI.NS and Reliance Jio to bring Starlink's internet services to India.

As part of the deals, the Indian operators will stock Starlink's equipment in their retail stores, giving the US-based satellite communication firm a direct distribution point in thousands of such outlets across the country.

The deals will be conditional on Starlink obtaining government approval to begin operations in the country.

(Reporting by Manvi Pant in Bengaluru; Editing by Savio D'Souza and Leroy Leo)

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March 7 (Reuters) - Vodafone Idea Ltd VODA.NS:

• VODAFONE IDEA LTD - ORDER PASSED FOR PENALTY OF 107.9 MILLION RUPEES

• VODAFONE IDEA LTD - TO FILE APPEALS AGAINST PENALTY ORDER

Source text: ID:nBSEb7xZHy

Further company coverage: VODA.NS

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Feb 19 (Reuters) - Vodafone Idea Ltd VODA.NS:

• GETS TAX DEPARTMENT ORDER CONFIRMING PENALTY OF 9.7 MILLION RUPEES

Source text: ID:nBSE3dz5Pq

Further company coverage: VODA.NS

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Updates shares in paragraphs 2,3, adds background from paragraph 4

Feb 14 (Reuters) - India's top court has rejected a request by telecom companies to recalculate the dues they owe the government, the Mint business daily reported on Friday.

The news sent shares of debt-saddled Vodafone Idea VODA.NS down 5.3%, while shares of telecom tower operator Indus Towers INUS.NS dropped about 4%. Analysts previously said a similar court decision would delay Indus Towers' recovery of dues from Vodafone Idea.

The companies, in a last resort petition against a similar ruling by the top court in 2021, had argued that the telecom department made errors in calculating the so-called adjusted gross revenue (AGR) dues.

A similar appeal was rejected by India's top court in September last year.

Telecom firms had long contested that only revenue accrued from core services should be taken into account when computing the dues, while the government argued that AGR should include non-core revenue as well, such as money from rent or land sales.

The Supreme Court, in 2019, ruled in favour of the government's definition of AGR calculations.

The latest ruling is a setback for Vodafone Idea, which owes the government around 2.27 trillion rupees ($26.1 billion) in license fees and spectrum charges, according to its latest earnings statement.

The Indian government is also one of the largest shareholders in the company with a 23.15% stake.

($1 = 86.8580 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru)

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Feb 11 (Reuters) - Vodafone Idea Ltd VODA.NS:

• Q3 CONSOL LOSS AFTER TAX 66.09 BILLION RUPEES; IBES LOSS EST. 69.78 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 111.17 BILLION RUPEES; IBES EST. 112.54 BILLION RUPEES

• Q3 ARPU 173 RUPEES

Source text: [ID:]

Further company coverage: VODA.NS

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Feb 4 (Reuters) - Vodafone Idea Ltd VODA.NS:

• VODAFONE IDEA LTD - GETS TAX ORDER CONFIRMING PENALTY OF 24.9 MILLION RUPEES

Source text: ID:nBSE3b8M8v

Further company coverage: VODA.NS

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Jan 31 (Reuters) - Vodafone Idea Ltd VODA.NS:

• GETS TAX ORDER CONFIRMING PENALTY OF 7.9 MILLION RUPEES

Source text: ID:nBSE6tZbQj

Further company coverage: VODA.NS

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Jan 30 (Reuters) - Vodafone Idea Ltd VODA.NS:

• GETS TAX ORDER CONFIRMING PENALTY OF 55.2 MILLION RUPEES

Source text: ID:nBSE8vV53H

Further company coverage: VODA.NS

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Jan 24 (Reuters) - Vodafone Idea Ltd VODA.NS:

• GETS GST ORDER WITH PENALTY OF 7.1 MILLION RUPEES

Source text: ID:nBSE1SwT05

Further company coverage: VODA.NS

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By Divya Chowdhury

DAVOS, Switzerland, Jan 23 (Reuters) - Swedish telecom gear maker Ericsson expects the United States to continue to be at the forefront of technology development under President Donald Trump, which the company is ready to take advantage of, its chief technology officer said.

The industry is now in full-execution phase of OpenRAN, CTO Erik Ekudden told the Reuters Global Markets Forum, adding: "Of course we intend to continue to lead and drive that industry development."

OpenRAN allows operators to mix and match suppliers in their radio networks. Ericsson ERICb.ST, Huawei and Nokia NOKIA.HE, dominate the global telecoms equipment market with their proprietary technologies.

The focus is now on building artificial intelligence (AI)data centers and also leveraging that AI to optimize the performance of 5G networks, Ekudden said.

That is why every country needs to have innovation strategy to build on 5G and AI, he added.

"I expect U.S. to continue to push ahead in that, and if anything, the opportunities just seem fantastic right now to put in an extra gear and then make sure that we are part of that," Ekudden said.

He also said Ericsson's local-for-local manufacturing model gives it an advantage, helping it rely less on global trade and supply chains, as threats of a trade war loom under the new U.S. administration.

However, Ekudden said it was still early days to speculate on tariffs.

(Join GMF, a chat room hosted on LSEG Messenger, for live interviews: https://lseg.group/4ajdDTy)

(Reporting by Divya Chowdhury in Davos and Ankika Biswas in Bengaluru; Editing by Nick Zieminski)

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Jan 21 (Reuters) - Vodafone Idea Ltd VODA.NS:

• INDIA APEX COURT DISMISSES TAX DEPARTMENT'S PETITION AGAINST TAX REFUND ORDER

Source text: ID:nBSER31mJ

Further company coverage: VODA.NS

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Jan 20 (Reuters) - Vodafone Idea Ltd VODA.NS:

• VODAFONE IDEA - CLARIFICATION ON NEWS ARTICLE GOVERNMENT WEIGHS OVER 1 TRLN RUPEES AGR DUES WAIVER

• VODAFONE IDEA - DID NOT GET ANY COMMUNICATION FROM GOVERNMENT

Source text: ID:nNSE8gcWhx

Further company coverage: VODA.NS

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Jan 14 (Reuters) - Vodafone Idea Ltd VODA.NS:

• USHA MARTIN TELEMATICS ACQUIRED 608.6 MILLION SHARES VIA PREFERENTIAL ALLOTMENT

Source text: ID:nBSE1GbtbF

Further company coverage: VODA.NS

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Jan 6 (Reuters) - Vodafone Idea Ltd VODA.NS:

• ENTERED INTO A SHARE PURCHASE AGREEMENT WITH IBUS NETWORK AND INFRASTRUCTURE

• DEAL FOR TRANSFER OF CO’S SHAREHOLDING IN FIREFLY NETWORKS FOR 45 MILLION RUPEES

Further company coverage: VODA.NS

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** Shares of telecom operator Bharti Airtel BRTI.NS jumps 53.6% in 2024, set for best year since 2019

** Peer Vodafone Idea VODA.NS sheds ~51% in 2024

** BRTI also on track to sixth straight year of gains

** Analysts avg rating on BRTI is "buy" vs "hold" for Vodafone Idea -LSEG data

** Their median PT on BRTI is 1850 rupees -LSEG data

** BRTI shares flat at 1585 rupees on the day, while VODA is up 1%

(Reporting by Nandan Mandayam in Bengaluru)

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