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Vodafone to file prospectus for IPO in August, plans to raise $2.5 billion: Sources

Vodafone to file prospectus for IPO in August, plans to raise $2.5 billion: Sources

Vodafone Group is likely to file a draft prospectus for a planned listing of its Indian business in August ahead of a market debut in the fourth quarter, in a deal expected to raise as much as $2.5 billion, people with direct knowledge of the matter told Reuters.

 

Vodafone India reports pre-tax profit of 4% at Rs 13,115 crore

Vodafone India reports pre-tax profit of 4% at Rs 13,115 crore

Telecom major Vodafone India Tuesday reported a tepid 4.1 percent rise in pre-tax profit at Rs 13,115 crore for 2015-16, helped by a 45 percent surge in data revenue.

Idea, Voda, Airtel top MNP gainers; RCom, Tata on losing side

Idea, Voda, Airtel top MNP gainers; RCom, Tata on losing side

Five years after mobile number portability (MNP) was introduced in India, incumbents Idea Cellular, Vodafone and Bharti Airtel stand out as the only gainers while Reliance Communications, Aircel and Tata Teleservices are the biggest losers.

High spectrum price can deter investments: Vodafone

Ahead of the biggest ever telecom spectrum auction in India, UK's Vodafone today warned that a high price for airwaves can hit investments in the country.

Facebook's Free Basics was helping just one dominant player: Vodafone

Facebook's Free Basics was helping just one dominant player: Vodafone

Facebook had partnered with telecom operator Reliance Communications in India to roll out its Free Basics programme that offered free access to basic Internet services through selected partner websites.

Govt trying to resolve Vodafone tax issue: Ravi Shankar Prasad

Govt trying to resolve Vodafone tax issue: Ravi Shankar Prasad

On February 4, the I-T department issued Vodafone a reminder over its Rs 14,200-crore tax demand and threatened to seize assets in the case of non-payment.

Govt took decision in favour of Vodafone also: Ravi Shankar Prasad

Govt took decision in favour of Vodafone also: Ravi Shankar Prasad

Rejecting Vodafone's criticism over the Rs 14,200-crore tax notice, Telecom Minister Ravi Shankar Prasad today said in the past government had taken decision in the "favour" of the UK-based telecom giant also.

Vodafone cries foul as India slaps tax reminder

Global telecom giant Vodafone has taken exception to the Indian tax department threatening to seize its assets if it fails to pay a disputed demand of over Rs 14,000 crore, which is still under international arbitration.
 

Pay up Rs 14,200-cr tax dues or will seize assets: I-T dept to Vodafone

Pay up Rs 14,200-cr tax dues or will seize assets: I-T dept to Vodafone

The British telecom major has disputed the tax demand over its acquisition of 67 percent stake in Hutchison, now called Vodafone India, arguing that no tax was due as the transaction was conducted offshore.

SC asks Vodafone to pay Rs 2,000 cr for merger of licenses

The Supreme Court has asked Vodafone Mobile Services Ltd (VMSL) to pay Rs 2,000 crore to the government in pursuance of the proposed merger of licenses of its four entities into itself.

Address call drop issue: Prasad to Vodafone chief Colao

Telecom Minister Ravi Shankar Prasad Wednesday asked the Vodafone Group CEO Vittorio Colao to address the call drop issue.

Regret call drops in India, can be resolved in 6 months: Vodafone

Regret call drops in India, can be resolved in 6 months: Vodafone

Regretting the problem of call drops in India, Vodafone Wednesday said the issue can be resolved in six months through "collective efforts".

Call drops more about operational issues: Vodafone CEO

"I am really sorry about the fact that there are (call) drops in India at the level where we would not like them to be," Vodafone Group CEO Vittorio Colao told reporters.

Seeing emergence of 'New India', says Vodafone chief

Vodafone Group, the world's second largest mobile operator, Wednesday said it is seeing positive changes on ease of doing business in the country and is seeing emergence of a 'New India'.

Vodafone preparing for IPO in India: Vittorio Colao

Vodafone preparing for IPO in India: Vittorio Colao

"I cannot give you a date but I can tell you (that) we are positively inclined to an IPO and have started some preparatory work," Vodafone Group CEO Vittorio Colao told reporters.

Vodafone Group Chief Vittorio Colao to call on Arun Jaitley, PM Modi this week

Vodafone Group Chief Vittorio Colao to call on Arun Jaitley, PM Modi this week

Within days of getting a favourable verdict in the Rs 8,500 crore transfer pricing case from the Bombay High Court, Vodafone Group CEO Vittorio Colao will call on Finance Minister Arun Jaitley this week.

Vodafone says will offer comprehensive financial services

Vodafone India Wednesday said the payments bank licence will enable it offer a comprehensive portfolio of banking and financial products and services, accelerating India's journey into a cashless economy.

Vodafone India starts 4G trials

Vodafone India starts 4G trials

Vodafone India has started fourth generation (4G) network trials in selected areas, the company said here on Friday.

Airtel becomes 3rd largest mobile operator in world

Airtel becomes 3rd largest mobile operator in world

China Mobile and Vodafone Group occupied the first and second positions respectively.

Vodafone raises Rs 8,800 crore to refinance corporate debt

Indian units of British telecom major Vodafone have raised Rs 8,800 crore to refinance corporate debt and for other corporate purposes, law firm Shardul Amarchand Mangaldas said Wednesday.