India – Page 9
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PremiumVi CEO promises better times ahead
Takkar talks effusively of “positive catalysts” for Vodafone’s Indian JV.
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PremiumElsewhere in Vodafone Associates & JVs: TIM to merge fixed network with Open Fiber
TIM agrees to merge fixed network with Open Fiber with support from private equity players; Australian competition authority to rule on whether TPG–Telstra network-sharing deal can go ahead in autumn 2022.
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Partnerships & AlliancesVi mulls exit from Wi-Fi joint venture
Indian operator goes cool on Firefly joint venture with Airtel, set up in 2015.
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OperationsIndus seeks to move on from “nail-biting” Vi crisis
Indian tower giant sees “discomfiting” client payment worries subsiding
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PremiumElsewhere in Vodafone Associates & JVs: Bharti Airtel Chairman wants “affordable” spectrum
TRAI proposes near-40% reduction across spectrum bands in upcoming auction; Vodafone Egypt acquires 10% stakes in e-payment platforms Bee and Masary.
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Venturing & InvestmentsVodafone increases Vi stake
Group outlines commitment to struggling JV, upping its holding by 3.2%. Investment arrives via Vodafone subsidiary Prime Metals in a vital period for Vi. Further cash injections mooted amid government takeover.
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PremiumVodafone people moves: Vi actions Digital shake-up
Indian operator Vi sees Chief Digital Officer Jain exit ahead of Consumer Digital function refresh. Operations and skills transformation appointments made at Group-level. Italy’s INWIT JV names Technology and Planning leads in senior changes. TechCo transition takes hold at Vodafone Italy. Fintech vertical in the spotlight at Safaricom on ...
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PremiumElsewhere in Vodafone Associates & JVs: United Internet making moves in Germany
United Internet steps up network launch; TI opens KKR talks.
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PremiumVi poised to swap out Huawei 4G for Nokia
News signals desire for distance from Chinese vendor. 5G trials underway with Ericsson and Nokia. Details for long-delayed 5G auction expected soon.
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M&AIndian government urged to speed up Vi equity conversion
Debt-for-equity swap yet to go through after months in limbo. Vi said to believe completion is key to securing further investments. Move would give Indian government a 35.8% stake in Vi.
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InnovationUAE lab provides blueprint for BT’s university partnerships
BT using success of EBTIC collaboration to inform university partnerships in Ireland and India, building ties with local academics to support Adastral Park R&D. BT- and Khalifa University-backed EBTIC showcases collaborative innovation projects as partnership enters “Phase 3”.
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OperationsDT outlines ‘digital experts’ upskill target
2021 Annual Report sets 17% digital workforce target within three years. Places emphasis on in-house digital upskilling; recruiting outside digital talent seen as “challenging”. Overall FTE headcount drops 4% year-on-year, but Group still manages to hire more than 8,000 employees outside the USA with focus on IT and technical ...
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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.