India – Page 6
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M&AVodafone in talks with investors on 21% Indus stake
Group to participate in Vi’s planned capital raise. Vodafone agrees to sell 4.7% Indus stake to Bharti Airtel. Vi troubles have increased ‘trade receivables’ at Indus over several quarters.
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PremiumElsewhere in Vodafone Associates & JVs: Vantage bags new infra partnerships
Vodafone Foundation Australia given makeover; Vantage flags two new infra partners; Vi welcomes Mobile Streams services.
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PremiumVodafone Q3 FY21–22 Headlines: Germany struggles, Africa bubbles
Group service revenue growth for fifth successive quarter. German user experience blunder takes gloss off solid set of numbers. Read continues to blame COVID-19 for German struggles, despite rivals’ success. Vodacom makes “very good progress” as Vodafone Egypt deal nears.
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M&AVodafone explores sale of Indus Towers stake
Group plans to use some of the proceeds to take part in Vi fundraising exercise. Bharti Airtel could buy another 4.7% stake in Indus Towers. Indus security arrangements have been modified, but TowerCo still protected from Vi weakness. In Europe, Vodafone could lose Telecom Italia as partner in ...
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Strategy & ChangeDT prepared to scale back Russian hub amid crisis
DT has thousands of employees in Russia. CEO indicates the Group could shift staff and operations away from St. Petersburg software development function, in response to Ukrainian crisis. Tasks could be shifted to other digital hubs in India or eastern Europe. Crisis brings centre’s expansion plans to an ...
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PremiumVodafone people moves: eyes on public sector in enterprise swaps
New enterprise segment leads in Italy, Spain, the UK, and others, with public sector account growth among the primary targets. Scott Petty adds Vodafone weight to TM Forum initiative. Governance and regulatory spots filled across the operator’s footprint. Group loses quintet of IoT developers to rival BT as health-tech ...
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Public AffairsSwiss court orders DT to seize $12.7m in assets
Ruling says funds due to Airport Authority of India. Convoluted case sees Deutsche Telekom caught in the crossfire as a result of minority stake in Devas Multimedia. Long-running legal disputes date back 17 years.
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Financial & PerformanceVi reports further losses as government takeover looms
Net loss grows 60% year-on-year, with revenue down 10.7%. Earnings report comes amid expectation that Indian government will take majority stake in struggling JV. Absence of annual profit since launch of Reliance Jio in 2016.
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OperationsT-Systems reboots India growth plan
DT’s enterprise division re-commits to plan to hire thousands of new tech staff. Local digital boss Anant Padmanabhan promoted to lead services unit T-Systems ICT India. India back in vogue for DT’s management as it seeks fresh talent for digital transformation.
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PremiumVi flags VoLTE help from Anritsu
Supplier’s cloud-native software provides QoE KPIs and recommends best actions to resolve issues impacting customers. OpCo in process of expanding reach of Anritsu monitoring platform from 20 million VoLTE subscribers to 58 million.
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PremiumVi overhauls national backbone
New 300G/400G network being launched, with assistance from Ciena.
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OperationsVi selling majority stake to Indian government in bid to stay afloat
The state is set to receive a 35.8% stake in Vodafone Idea. Share prices drop around 20% in the wake of the news. Stake will be exchanged for easing of the struggling JV’s considerable debt. Government “do not want to run company”, insists Vi CEO
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OperationsBT’s Mehta keen on ‘massive’ Indian expansion
Chief Digital and Innovation Officer wants to make “full use” of digital skills in the country. Outlines “very, very different” challenges compared to UK marketplace. Wider digital transformation “almost like creating a new BT”.
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Financial & PerformanceVodafone close to settling €2.4bn tax dispute with India
Group offers New Delhi a deal after retrospective tax legislation scrapped. Dispute harks back to Vodafone acquisition of Hutchison Essar in 2007. Indian stand-off has long cast a shadow over Group finances, despite recent legal victories.
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PremiumElsewhere in Vodafone Associates & JVs: TPG’s billion-dollar strategy
TPG unveils billion-dollar strategy; Telecom Egypt to retain Vodafone stake.
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PremiumVi goes 5G network slicing with Nokia
Trial in Gandhinagar purportedly enables high-resolution VR content. TRAI sets deadlines for consultation process with “stakeholders” on auction rules for delayed 5G spectrum auction.
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PremiumIndia 5G auction delayed as Vi showcases prospects
5G-friendly spectrum auction pushed back amid pricing and structure consultations. Vi CEO Takkar outlines ambition to be Digital India frontrunner as government lays out digitalisation ambition. Several pilot projects showcased with partners including Athonet, L&T, and local startups. Ericsson picks up P1; Nokia trailing.
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M&AReliance denies interest in acquiring BT stake
BT share price jumps on report that Indian conglomerate eyeing a move for UK incumbent. Reliance quick to dismiss the article as “completely speculative and baseless”, but City still excited.
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PremiumElsewhere in BT Consumer: Plusnet issues persist
More cricket on the schedule; Smart Benefits portfolio bolstered; and Plusnet email issues persist.
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Venturing & InvestmentsVi can live long and prosper, insists CEO
Takkar welcomes government four-year moratorium on AGR dues and spectrum fees. Confident that relief package paves way for private investment. Vodafone rules out (again) cash injection into JV. Floor pricing issue still to be resolved.