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Vodafone Idea, in acronym Vi, is an Indian telecommunications company, headquartered in Mumbai and Gandhinagar. [ 6 ] [ 7 ] [ 8 ] It is an all-India integrated GSM operator offering mobile telephony services.
Idea Cellular was incorporated as Birla Communications in 1995 after GSM licenses were won in Gujarat and Maharashtra circles. The company name was changed to Idea Cellular and the brand Idea was introduced in 2002 after a series of name changes following mergers and joint ventures with Grasim Industries, AT&T Corporation and Tata Group. [7]
Choosing the right financial tool to evaluate a company can be a daunting task, especially when different models are giving you drastically different conclusions. A prime example of conflicts ...
The stock of Vodafone Group PLC (NAS:VOD, 30-year Financials) shows every sign of being fairly valued, according to GuruFocus Value calculation.
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On 5 December, Vodafone Group Plc sold the remaining 3.05% stake permanently exiting the company. The stake sale will be used to pay $101 million owed to indian banks & the remaining money will be used to subscribe to preferred shares of Vodafone Idea which will be used to reduce vi's outstanding debt with Indus Towers.
The deal announced on Wednesday is the second major fundraising by an Indian telco this year after Bharti Airtel Ltd announced a similar plan to raise $4.6 billion for reducing debt and funding ...