Jio Platforms has the potential to be the largest IPO in India in 2026. Two large-listed telecom operators in India post the IPO could result in an increase in telecom sector weightage in indices.
Vodafone Idea has received major relief on its AGR dues, with repayments stretched till 2041, significantly easing near-term cash flow pressure and reducing debt in net present value terms.
In an exchange filing, the company said it has received a communication from the Department of Telecommunications (DoT) outlining relief in the long-pending AGR matter.
Vodafone Idea is likely to report revenue, reported Ebitda, and cash Ebitda largely flat QoQ, as net subscriber losses of around 35 lakh are expected to offset ARPU growth of 1.1 per cent QoQ to Rs 169.
The telecom operator informed exchanges that it would receive around Rs 5,836 crore from UK-based Vodafone Group as part of a re-settlement of a liability claim pact between the two companies.
At 9.31 am, the Vodafone Idea stock was trading 4.46 per cent to hit a high of Rs 11.24 apiece. The scrip is up 30.60 per cent in the past three months against an 11.62 per cent rise in the BSE Telecommunication index.
Vodafone Idea: Contrary to expectations of at least a 50 per cent waiver, no waiver on AGR dues was announced. Emkay said the DoT would constitute a committee to reassess AGR dues within six to eight months.
YES Bank, with 61.65 lakh retail investors, barely managed to meet Nifty returns at 9 per cent. Vodafone Idea cheered over 60 lakh retail investors with a solid 52 per cent surge. Suzlon Energy disappointed.
Vodafone Idea: To prevent a duopoly in the strategically important digital infrastructure sector, Ambit Capital expects the government to support the company via a two-year moratorium on the AGR front.
At the day’s peak, Vodafone Idea shares were trading about 2.5% below their 52-week high of Rs 12.02, while still marking a sharp rebound of nearly 91% from their 52-week low of Rs 6.12.
VI share price: Proceeds from the issuance will be utilised by VITIL to repay its payment obligations to Vodafone Idea.
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