All Aditya Birla Group articles
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PeopleVi: CEO Moondra steps aside, sets challenge for successor
Debt-laden Indian operator Vi names a new CEO in Abhijit Kishore, who has a mountain to climb if he is to complete the job of turning around a business that has been in perpetual decline for several years.
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Financial & PerformanceVodafone’s Vi stake diluted further as gov strengthens grip on Vi
Struggling operator Vi takes debt-to-equity conversion deal that will see the government’s stake near 50%, and Vodafone’s drop to a reported 16%.
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Financial & PerformanceVi surges on hopes for spectrum payment relief
Vi’s stock has revived by news that the Indian government has agreed that bank guarantees should be scrapped for deferred spectrum payments.
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Network & InfraVi delivers ‘quick win capex’ in kit vendor mega deal
Ericsson and Nokia re-up Vi relationship, Samsung added to partner roster.
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Financial & PerformanceVi offers equity to Ericsson, Nokia in latest fundraise bid
Equity sale to vendors will take total equity issued in past few months to INR 240bn, putting Vi on track to raise enough funds to pursue 4G/5G rollout aspirations.
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Financial & PerformanceVodafone fades as Vi 2.0 resets finances to drive India network comeback
Vodafone passive, lets stake plummet, as Indian JV financially engineering 4G/5G comeback. Work in progress, with $20bn+ debt, and further government lifeline and bank borrowing on horizon. Read more…
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Financial & Performance‘Revitalised’ Vi completes mega fundraise
Vodafone‑backed Indian operator completes an INR 180bn FPO, commits to “significant” capex boost to enable network upgrade. 4G and 5G services to benefit in bid to present true challenge to Bharti Airtel and Reliance Jio. Chairman Kumar Mangalam Birla claims a “turning point” in Indian telecoms and introduces a ...
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Financial & PerformanceVi to get £197m top up from Vodafone partner Aditya Birla
Vi makes inroads into reducing debt pile with proposed cash infusion from Aditya Birla and thumbs up from shareholders for INR 200bn equity offering.
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Strategy & ChangeVi attempts to convince investors with massive fundraise plan
Vodafone’s Indian JV makes progress on fundraising plans at long last, but questions remain about debt and dues as deadlines loom. Is INR 450bn/£4.3bn/€5bn enough to recuperate the flailing operator?
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Financial & PerformanceTroubled Vi to plough funds into 5G as losses mount
Aditya Birla Group Chairman pledges “significant investment” in Vi’s 5G rollout, but timelines and funding remain unclear.
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Financial & PerformanceVi customer losses continue, but financing options open
Parent pledges financing for operator as spectrum payment obligations close in.
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PremiumVi hunts for funds in latest survival plan
Indian operator reportedly set to earn further equity infusion from Vodafone.
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PremiumVi cash crisis piles pressure on tower partners, investors
Indus Towers seeing some success in debt recovery from Vodafone‑backed operator, but more work to be done.
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PremiumVi grapples with losses, debt after equity conversion completes
Indian government now owns about 33% of JV.
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PremiumIndus Towers posts loss as pressure piles on ailing client Vi
TowerCo forced to make large provision against ‘doubtful debts’.
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PremiumMore strife for Vi as fifth of sales staff exit
Mass exodus said to have occurred in recent weeks.
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Venturing & InvestmentsVi equity conversion requires further Vodafone funding
Local reports indicate that Vodafone and Aditya Birla’s planned investments fall short of government expectations.
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Network & InfraVi looks beyond Indus Towers for site tenancies
Brookfield Infrastructure Partners reveals its India tower business has sealed a “commercial deal” with Vi.