IDEA

June 4 (Reuters) - Meta Platforms Inc META.O:

• VODAFONE IDEA AND META PARTNER TO DELIVER SAFER, FASTER VERIFICATION FOR VI USERS ACROSS META PLATFORMS- STATEMENT

Further company coverage: META.O

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** Shares of India's Vodafone Idea VODA.NS up 4% to 13.4 rupees, the highest since September 2024

** Telecom operator on track to accelerate capex and remains committed to 450 billion rupee ($4.67 billion) network expansion over the next 3 years, the company management said in a post-earnings call on Monday

** Birla Group, emerging dominant shareholder in VODA, increases confidence in their fund-raising by June 2026, Ambit Capital says

** Adds co's average revenue per user (ARPU) growth could lead the industry due to higher scope for featurephone-to-smartphone upgrades vs peers

** Nomura says successful bank funding critical for capex rollout, which could help arrest subscriber losses, drive ARPU growth via customer upgrades, tariff hikes

** Subscriber addition, ARPU, churn rates improving, but VODA needs more to become investible, Nuvama says

** Stock up 24% YTD

($1 = 96.3425 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** Shares of Vodafone Idea VODA.NS fall 2.6% to 12.74 rupees

** Stock set for worst day in over one-month if losses hold

** VODA reports surprise Q4 profit, driven by one-time gain in statutory liabilities

** Promoter Aditya Birla Group to invest 47.3 billion rupees ($500 million) through fully convertible warrants

** Brokerages warn that growth remains fragile and early-stage, with UBS highlighting only marginal net subscriber decline and limited evidence of sustained recovery

** Citi notes promoter support could help unlock long-pending bank financing, while UBS said a significantly larger capital raise is still required

** Both analysts say VODA turnaround remains contingent on securing significant external funding, with its high debt burden and ongoing losses still posing risks despite improving operating metrics

** Of 19 analysts tracking stock, 13 rate "hold" or lower, while six rate "buy" or higher

** YTD, VODA up 17.3%

(Reporting by Pranav Kashyap in Bengaluru)

(([email protected]; +919886482111;))

Corrects headline to remove reference to Aditya Birla investment; corrects paragraph 1 to attribute profit to a one-time gain; corrects investment amount in paragraph 2 and profit amount in paragraph 3

May 16 (Reuters) - Indian telecoms operator Vodafone Idea VODA.NS reported an unexpected fourth-quarter net profit on Saturday after recording a one-time gain due to a reduction in statutory liabilities.

The company also said its promoter Aditya Birla Group would invest 47.3 billion rupees ($500 million) through fully convertible warrants.

The company posted consolidated profit after tax of 519.7 billion rupees in the three months to March 31. Analysts had expected a loss.

Earlier this year, the Indian government capped Vodafone Idea's adjusted gross revenue dues at $13.79 million annually for the next six years, easing near-term cash flow pressure for the firm.

Vodafone Idea has invested heavily in its 4G and 5G networks in recent years to improve service quality and curb a steady decline in its subscriber base.

The company's average revenue per user (ARPU), a key industry metric, rose to 190 rupees from 175 rupees a year earlier.

India's third-largest telecom provider, 49% owned by the government, was formed in 2018 by a merger between the Indian arm of Britain's Vodafone Group VOD.L and Aditya Birla Group’s Idea Cellular.

The company has been struggling with debt and keeping up with the network expansion of larger rivals.

Overall revenue for the quarter totalled 113.32 billion rupees, missing analysts' average estimate of 116.50 billion rupees.

(Reporting by Angela Christy in Bengaluru. Editing by Joe Bavier and Mark Potter)

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May 16 (Reuters) - Indian telecom operator Vodafone Idea VODA.NS announced a surprise fourth-quarter profit after tax on Saturday.

The company posted a consolidated profit after tax of 519.76 billion rupees ($5.42 billion) in the three months to March 31, beating analysts' estimates.

($1 = 95.9600 Indian rupees)

(Reporting by Angela Christy in Bengaluru; Editing by Joe Bavier)

(([email protected];))

May 12 (Reuters) - Vodafone Idea Ltd VODA.NS:

• TO CONSIDER AND EVALUATE PROPOSAL FOR RAISING OF FUNDS

• BOARD TO CONSIDER FUNDRAISING VIA EQUITY SHARES AND/OR WARRANTS ON PREFERENTIAL BASIS

Source text: ID:nBSE895fWM

Further company coverage: VODA.NS

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Updates with fund-raising plan in paragraphs 17-18

MUMBAI, May 11 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms is gearing up to seek regulatory approvals for a Mumbai listing, in what is likely to be the biggest-ever stock offering in the country.

Here are facts and numbers on Jio Platforms, which houses the world's second-largest telecom company by users after China Mobile 600941.SS.

TELECOM BUSINESS

Reliance Jio Platforms is a unit of Ambani's oil-to-retail conglomerate Reliance Industries RELI.NS. It is most known for the telecom business - Reliance Jio Infocomm, which is the country's biggest player with more than 500 million subscribers.

Launched in 2016, the telecom business, popularly just called Jio, hit rivals such as Bharti Airtel BRTI.NS and Vodafone-Idea VODA.NS hard by offering free voice and data plans initially.

The move, in line with Ambani's typical strategy of offering ultra-low prices to lure consumers, drove up its customer base and allowed many Indians to access platforms such as YouTube and Facebook for the first time.

Jio says it currently has a roughly 60% share of India's data traffic.

In recent years, Reliance Jio Platforms has diversified beyond telecom into AI, cloud and enterprise network services, as well as app development. In 2023, Nvidia NVDA.O announced AI partnership with Reliance to develop cloud infrastructure and language models.

THE LEADERSHIP

Mukesh Ambani, Asia's richest man, is the chairman of Jio Platforms. His three children - Akash, Anant and Isha - serve on its board. Akash Ambani, his elder son, is the chairman of the company's flagship telecom unit, Reliance Jio Infocomm.

Reliance Industries holds 66.43% stake in Jio Platforms.

Kiran Thomas is the CEO of Jio Platforms.

KEY FINANCIALS, VALUATION

Reliance Jio Platforms' operating revenue in the last financial year ending March 2025 stood at $13.65 billion. But 90% of that came just from the telecom business, which the company says has grown annually by 13% since 2020-21.

Reliance Jio Platforms posted a profit after tax of $2.8 billion in the year.

In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion. Sources told Reuters in January the IPO could be worth as much as $4 billion, though final numbers will only be decided later.

MARQUEE INVESTORS

In 2020, Jio Platforms raised more than $20.5 billion from 13 global investors in exchange for a roughly 33% equity stake, at a valuation range of $57 billion to $65 billion.

Global names such as Meta Platforms META.O, Alphabet GOOGL.O and KKR invested in the firm, as Ambani sought to turn Jio Platforms into the centerpiece of his technology ambitions.

Other investors include General Atlantic, Silver Lake and the Abu Dhabi Investment Authority. Meta owns a 9.9% stake in the company, followed by Google's 7.7% stake.

THE IPO JOURNEY

The filing, which had been targeted for as early as March, has been pushed back as IPO activity slowed following the outbreak of the conflict in West Asia, with investors losing their appetite for new listings.

The IPO, previously expected to be a pure offer-for-sale where foreign investors would have sold some of their holdings, is now being planned as a fundraising, aiming to issue shares worth 2.5% of the company's size.

The company's IPO has been long delayed. In 2019, Ambani said Jio would "move towards" a listing within five years, but later the plans were delayed in 2025.

The company has hired 17 banks to manage its offering.

(Reporting by Vibhuti Sharma and Aditya Kalra; Editing by Arun Koyyur and Sonali Paul)

(([email protected];))

May 8 (Reuters) - Vodafone Group VOD.L is considering transferring part of its 19% stake in Vodafone Idea VODA.NS to the Indian unit to hold in treasury to bolster its capital after the Indian government cut a bill for outstanding spectrum fees, Bloomberg News reported on Friday.

Reuters could not independently verify the report.

(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Shilpi Majumdar)

(([email protected];))

May 5 (Reuters) - Vodafone Idea Ltd VODA.NS:

• APPOINTS KUMAR MANGALAM BIRLA AS NON-EXECUTIVE CHAIRMAN EFFECTIVE MAY 5, 2026

• RAVINDER TAKKAR TO STEP DOWN AS THE NON-EXECUTIVE CHAIRMAN

• APPOINTS RAVINDER TAKKAR AS NON-EXECUTIVE VICE CHAIRMAN EFFECTIVE MAY 5, 2026

  
  

Source text: ID:nBSE6m1BzN

Further company coverage: VODA.NS

(([email protected];;))

** Shares of India's Vodafone Idea VODA.NS jump as much as 6.36%, last up 3.23% to 10.55 rupees

** Government cut co's pending telecom dues to 640.46 billion rupees ($6.75 billion) from 876.95 billion rupees ($9.24 billion)

** Citi ("buy/high risk"; TP:14 rupees) says move clears a key overhang, could help co raise funds needed for network expansion

** Adds lower dues improve the co's financial position, but the ability to secure funding remains a key monitorable

** VODA rated "Hold" on average by 19 analysts, median PT at 10 rupees - data compiled by LSEG

** YTD, stock down 5.02%

($1 = 94.9312 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

(([email protected] | X: https://twitter.com/SurbhiMisra_ |;))

Adds details throughout

BENGALURU, April 30 (Reuters) - India has slashed Vodafone Idea's VODA.NS long-pending dues to 640.46 billion rupees ($6.75 billion) from 876.95 billion rupees earlier, the telecom firm said on Thursday.

The dues stem from a long legal dispute over government's method of calculating the so-called adjusted gross revenue, which telecom operators had contested as this metric determines licence fees and other dues.

In December, the government approved a partial moratorium on Vodafone Idea's dues, freezing them at 876.95 billion rupees and deferring repayments to the 2030s, providing near-term cash flow relief for the debt-saddled firm.

Now, the telecom company will have to pay 1 billion rupees annually over four years from financial year 2032 to 2035, with the remaining amount to be cleared in six equal yearly installments between fiscal years 2036 and 2041.

($1 = 94.9100 Indian rupees)

(Reporting by Nishit Navin; Editing by Mrigank Dhaniwala)

(([email protected];))

MUMBAI, March 23 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms is gearing up to file papers seeking regulatory approvals for a Mumbai listing, in what is likely to be the biggest-ever stock offering in the country.

Here are facts and numbers on Jio Platforms, which houses the world's second-largest telecom company by users after China Mobile 600941.SS.

TELECOM BUSINESS

Reliance Jio Platforms is a unit of Ambani's oil-to-retail conglomerate Reliance Industries RELI.NS. It is most known for the telecom business - Reliance Jio Infocomm, which is the country's biggest player with more than 500 million subscribers.

Launched in 2016, the telecom business, popularly just called Jio, hit rivals such as Bharti Airtel BRTI.NS and Vodafone-Idea VODA.NS hard by offering free voice and data plans initially.

The move, in line with Ambani's typical strategy of offering cut-throat prices to lure consumers, drove up its customer base and allowed many Indians to access platforms such as YouTube and Facebook for the first time.

Jio says it currently has a roughly 60% share of India's data traffic.

In recent years, Reliance Jio Platforms has diversified beyond telecom into AI, cloud and enterprise network services, as well as app development. In 2023, Nvidia NVDA.O announced AI partnership with Reliance to develop cloud infrastructure and language models.

THE LEADERSHIP

Mukesh Ambani, Asia's richest man, is the chairman of Jio Platforms. His three children - Akash, Anant and Isha - serve on its board. Akash Ambani, his elder son, is the chairman of the company's flagship telecom unit, Reliance Jio Infocomm.

Reliance Industries holds 66.43% stake in Jio Platforms.

Kiran Thomas is the CEO of Jio Platforms.

KEY FINANCIALS, VALUATION

Reliance Jio Platforms' operating revenue in the last financial year ending March 2025 stood at $13.65 billion. But 90% of that came just from the telecom business, which the company says has grown annually by 13% since 2020-21.

Reliance Jio Platforms posted a profit after tax of $2.8 billion in the year.

In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion. Sources told Reuters in January the IPO could be worth as much as $4 billion, though final numbers will only be decided later.

MARQUEE INVESTORS

In 2020, Jio Platforms raised more than $20.5 billion from 13 global investors in exchange for a roughly 33% equity stake, at a valuation range of $57 billion to $65 billion.

Global names such as Meta Platforms META.O, Alphabet GOOGL.O and KKR invested in the firm, as Ambani sought to turn Jio Platforms into the centerpiece of his technology ambitions.

Other investors include General Atlantic, Silver Lake and the Abu Dhabi Investment Authority. Meta owns a 9.9% stake in the company, followed by Google's 7.7% stake.

THE IPO JOURNEY

The company's IPO has been long delayed. In 2019, Ambani said Jio would "move towards" a listing within five years, but later the plans were delayed in 2025.

The company has hired 17 banks to manage its offering, which will see the company raise no new funds from the public and only allow exits for some shareholders.

(Reporting by Vibhuti Sharma and Aditya Kalra; Editing by Arun Koyyur)

(([email protected];))

** Shares of Indian telecom operator Vodafone Idea VODA.NS down 2.9% to 11.52 rupees

** J.P. Morgan downgrades stock to "underweight" from "neutral"; PT at 9 rupees - implying 24% downside to last close

** Co has "multiple hurdles to cross before the business stabilizes", brokerage says

** Says stock's outperformance is overdone as firm still awaits bank funding to drive the next leg of the capex cycle

** J.P. Morgan notes co's target of a 3x increase in cash EBITDA over 3 years "looks aggressive"

** VODA on avg rated "hold" by 19 analysts; median PT is 10 rupees - LSEG data

** YTD, VODA up 7% after gaining 35.5% in 2025

** Peers Bharti Airtel BRTI.NS down 4.3%, while Indus Tower INUS.NS up 13.3% so far this year

(Reporting by Brijesh Patel in Bengaluru)

(([email protected]; Ph no. +91 9590227221;))

** Shares of Indian telecom operator Vodafone Idea VODA.NS rise 1.42% to 9.97 rupees

** Co reports narrower Q3 loss at 52.86 billion rupees ($576.89 million) from 66.09 bln rupees last year; revenue rose 1.86% y/y to 113.23 bln rupees

** VODA on avg rated "hold" by 19 analysts; median PT is 10 rupees - LSEG data

** Stock down 7.4% so far in January

($1 = 91.6300 Indian rupees)

(Reporting by Abhirami G in Bengaluru)

(([email protected]))

Jan 27 (Reuters) - Indian telecom operator Vodafone Idea VODA.NS reported a narrower fiscal third-quarter loss on Tuesday, helped by higher data consumption and more users upgrading to higher-paying 4G and 5G plans.

The debt-laden telecom operator's consolidated loss after tax narrowed to 52.86 billion rupees ($577.53 million) in the quarter ended December 31, from a loss of 66.09 billion rupees a year earlier.

Vodafone Idea has been investing in its 4G and 5G infrastructure in recent years to improve service quality and stem subscriber losses.

Average revenue per user, a key industry metric, rose 7.3% year-on-year to 186 rupees. The increase followed a 2% rise in 4G and 5G subscribers and a 26.7% jump in average data usage among those users.

However, Vodafone's ARPU still trails rivals Reliance Jio RELJ.NS's 211.4 rupees and Bharti Airtel's BRTI.NS 256 rupees.

Earlier this month, the government capped Vodafone Idea's long-pending adjusted gross revenue dues at $13.79 million annually over the next six years, easing near-term cash flow pressures.

The company on Tuesday said its AGR dues stood frozen at 876.95 billion rupees as of December 31, adding that the amount remains subject to reassessment.

India's third-largest telecom provider, 49% owned by the Indian government, was formed in 2018 through a merger between the Indian arm of UK's Vodafone Group VOD.L and Aditya Birla Group's Idea Cellular.

The company has posted losses every quarter since and has ceded market share to market leaders Jio and Airtel, as it struggles with more than $22 billion in debt and a network rollout that lags larger rivals.

Overall revenue rose year-on-year to 113.23 billion rupees, beating analysts' estimates of 112.77 billion rupees.

($1 = 91.5270 Indian rupees)

(Reporting by Aleef Jahan and Nishit Navin in Bengaluru; Editing by Ronojoy Mazumdar and Tasim Zahid)

(([email protected]))

By Aditya Kalra and Munsif Vengattil

NEW DELHI, Jan 15 (Reuters) - Billionaire Mukesh Ambani's telecom company is among those urging the government to act over what they describe as monopolistic practices at Gautam Adani's new Mumbai airport, saying the facility is blocking operators from providing mobile connectivity, according to a letter seen by Reuters.

Adani-run Navi Mumbai International Airport denied the allegations, but the dispute highlights the growing rivalry between India's two richest men, whose conglomerates increasingly compete across sectors from green energy to data centres.

The airport, located on Mumbai’s outskirts, began operations in December after being inaugurated by Prime Minister Narendra Modi. It is the latest addition to Adani’s portfolio of eight airports, with plans for more.

Within days of opening, passengers complained on social media about poor or non-existent mobile coverage and raised privacy concerns after spotting billboards offering free airport Wi-Fi.

TELECOM OPERATORS DEMAND ACCESS TO AIRPORT INFRASTRUCTURE

A January 13 letter from Cellular Operators Association of India to India's government states Adani's airport must grant access to install equipment as required by Indian regulations for public entities, which includes airports, and that a denial has created a "monopolistic bottleneck".

In its statement, Navi Mumbai International Airport said it had deployed “state-of-the-art solutions” and that operators could partner with an entity managing the airport’s in-building network infrastructure.

COAI, which represents Ambani's Reliance Jio, Bharti Airtel BRTI.NS and Vodafone Idea VODA.NS, said it had no comment beyond the letter, which is not public.

The companies and the Telecom Regulatory Authority of India, did not respond to Reuters queries.

PASSENGER DISTRESS: 'WE CAN'T CALL PEOPLE'

Jio leads India's telecom market with over 500 million subscribers, followed by Airtel at 314 million and Vodafone at nearly 128 million.

Online, passengers have voiced frustration that the airport’s Wi-Fi cannot be accessed without mobile coverage because login requires a one-time password sent via WhatsApp.

"You'll be thankful to see free Wi-Fi banners, thinking you can at least book cabs now. You go to the Wi-Fi network and try to log in, but it requires an OTP (one time password)," X user adarsxh_baab wrote on Jan. 13.

Adani's statement added that when network coverage is left to individual operators, they often provide "sub-optimal coverage" in sensitive areas such as baggage handling zones.

COAI also said the airport is demanding around $102,000 per operator each month - nearly $5 million annually for four carriers - to use its centralised network, an allegation Adani denied.

"We can't call people, pay for cabs or even book anything. If you're a solo traveller it's hell," X user Srihita Vanguri wrote on the platform on Sunday.

(Reporting by Aditya Kalra and Munsif Vengattil, Editing by Louise Heavens)

(([email protected];))

** Telecom infra provider Indus Towers INUS.NS rises 2.6% to 439.30 rupees

** India govt's telecom due relief for Vodafone Idea VODA.NS will make way for its fundraising and network capex boosting, which will be a "big positive" for Indus Towers INUS.NS, CLSA says in note titled 'Winner of VIdea's revival'

** Brokerage says VODA's fundraising should add upside to INUS's growth of 10-11% CAGR in core revenue

** Adds, INUS's balance sheet is net cash and dividend restatement is likely

** Maintains "high conviction outperform" rating at PT 565 rupees for INUS

** Stock rated "buy" on avg by 21 analysts; median PT 462.50 rupees - data compiled by LSEG

** Stock gained about 22.5% in 2025

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

** India's Vodafone Idea shares VODA.NS up 4.1% to 12 rupees

** Telecom operator unveils timeline for dues repayment, caps annual payouts

** VODA, on an avg, rated "hold" with median TP 9.6 rupees - data compiled by LSEG

** Stock jumped ~36% in 2025

(Reporting by Hritam Mukherjee in Bengaluru)

(([email protected];))

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

• VODAFONE IDEA LTD - ORDER CONFIRMS TAX PENALTY OF 87.8 MILLION RUPEES WITH INTEREST

Source text: ID:nNSE8P9H9q

Further company coverage: VODA.NS

(([email protected];))

** India's partial moratorium on telecom dues of Vodafone Idea VODA.NS is insufficient to solve its liquidity woes, Emkay Research says

** While relief package addresses AGR dues, VODA also has nearly 1.2 trln rupees ($13.34 bln) in spectrum payment obligations; co's current EBITDA is insufficient to meet capex or spectrum repayments - Emkay

** Adds, to make VODA structurally strong with manageable leverage, government, which is VODA's largest shareholder, will need to make deeper reforms

** Maintains "sell" on VODA at PT 6 rupees

** Stock rated "hold" on avg; median PT 9.6 rupees - data compiled by LSEG

** VODA ended Wed lower by 10.8% at 10.8 rupees

** On day, stock up 6.5%, gained 35.5% in 2025

($1 = 89.9775 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

(([email protected]))

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

• RECEIVES TAX PENALTY OF 67.8 MILLION RUPEES

Source text: ID:nBSE8xPZvr

Further company coverage: VODA.NS

(([email protected];))

Nov 10 (Reuters) - India's Vodafone Idea VODA.NS posted a smaller-than-expected second-quarter loss on Monday, aided by more users upgrading to its higher-margin 4G and 5G plans.

The debt-saddled telecom operator's consolidated loss after tax narrowed to 55.24 billion rupees ($628.5 million) in the quarter ended September 30, from a loss of 71.76 billion rupees last year.

Analysts, on average, had expected a loss of 66.22 billion rupees, according to data compiled by LSEG.

($1 = 87.8950 Indian rupees)

(Reporting by Aleef Jahan and Anuran Sadhu in Bengaluru)

(([email protected]))

** India's Vodafone Idea VODA.NS tumbles 12.3% to 8.21 rupees, set for third straight session of losses

** Top loser among Nifty 500 .NIFTY500 stocks

** Drops on uncertainty over government relief on adjusted gross revenue dues

** Beleaguered telecom operator's stock hit one-year high of 10.57 rupees on Monday on hopes of a relief after apex court permitted government to reconsider the matter

** "The Supreme Court order applies only to the incremental AGR demand. It depends on the government now. Unless there is a substantial relief, it is not going to make a major difference for Vodafone Idea's stock," says Piyush Pandey, lead analyst tracking the telecom operator at Centrum India

** Analysts on avg rate stock "hold"; median PT at 6.25 rupees, per data from LSEG

** YTD, VODA up 3.4%

(Reporting by Vivek Kumar M)

(([email protected];))

Oct 6 (Reuters) -

• INDIA WEIGHS RESOLUTION OF VODAFONE DUES ROW TO BOLSTER UK TIES - BLOOMBERG NEWS

Source text: https://tinyurl.com/3ndtd6me

Further company coverage: VOD.L

(([email protected];))

Oct 3 (Reuters) - Indian wireless carrier Vodafone Idea VODA.NS said on Friday it has appointed Tejas Mehta as its chief financial officer, effective October 6.

Mehta, who was previously the finance chief at Mondelez India, replaces Murthy Gvas who ends his tenure on October 5.

In August, insider Abhijit Kishore replaced CEO Akshaya Moondra as his term ended.

(Reporting by Urvi Dugar; Editing by Krishna Chandra Eluri)

(([email protected];))

** 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)

(([email protected]; +91 8697274436;))

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

(([email protected];;))

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

(([email protected];))