Vodafone Idea shares up 8%, telco clarifies on Cabinet proposal; here's what analysts say
Today's sharp upmove in VIL shares came after it was reported the Union Cabinet approved a proposal to waive the bank guarantees (BG) that telecom operators were required to provide for spectrum purchases up to 2022.
Vodafone Idea Soars on Cabinet's Landmark Spectrum Decision
Vodafone Idea's shares jumped nearly 8% after reports indicated the Union Cabinet waived bank guarantees for spectrum bought before 2022. This decision alleviates financial strain on telecom operators like Vodafone Idea,
Vodafone Idea Jumps 15% amidst Report on Bank Guarantees Waiver for Spectrum Bought Before 2022
Vodafone Idea Ltd shares jumped over 15% to Rs8.28 Tuesday morning amidst reports that the Union cabinet approved the waiver to submit bank guarantees for spectrum purchased through auctions held before 2022.
Vodafone Idea Share Price Jumps Over 18% As Government Waives Bank Guarantee
Vodafone Idea is expected to be the most benefitted among other industry players as it owes Rs 24,700 crore on bank guarantees, reports said.
Vodafone Idea to gain most if bank guarantee waivers for pre-2022 spectrum approved: IIFL’s Balaji Subramanian
In what would come as a big relief for telecom players, sources have said that the union cabinet has approved the proposal to waive bank guarantee requirements. Sources told CNBC-TV18 that this will pave way for telcos to receive bank guarantee waivers for spectrum acquired before 2022.
Vodafone Idea shares surge 18% after Union Cabinet approves bank guarantee waiver
Vodafone Idea's shares surged nearly 18% after the government waived bank guarantees for spectrum dues. This move significantly benefits Vi, which faced a substantial obligation.
Bank guarantee waiver to help Vodafone Idea's debt funding plans, reduce financial burden
Vodafone Idea's plans to raise ₹35,000 crore will likely get a boost after the Union Cabinet decided to waive bank guarantees to be submitted for airwaves bought in auctions till 2022.
Vodafone Idea shares zoom 18% on in-principle Cabinet nod for bank guarantee waiver
Vodafone Idea's shares surged 18% after the Indian government waived bank guarantees for past spectrum purchases. This move significantly benefits Vi, which faced a Rs 24,700 crore bank guarantee burden.
Cabinet Approves Bank Guarantee Waiver For Telcos, Vodafone Idea To Benefit
This decision follows the 2021 Cabinet reforms, which had already removed the BG requirement for spectrum purchased going forward
Vodafone-Idea Will Install 100 Towers/Day To Improve Coverage
Since the successful conclusion of its follow-on public offer (FPO) earlier this year, Vodafone Idea Limited (VIL) has been ...
Why Vodafone Idea shares rallied 10% today
Vodafone Idea shares climbed 10 per cent to hit a high of Rs 7.67. Despite this, the stock is down 7 per cent in the past one ...
ET Now on MSN2d
Vodafone Idea Share Price: 18% RALLY! Vi stock hits roof after THIS news
Shares of Vodafone Idea zoomed over 18% to hit an intraday high of Rs 8.28 per share on the NSE. The telecom stock broke out ...
Vodafone Idea stock rises 6%, extends rally amid buzz of bank guarantee waiver
This latest policy shift builds on the Cabinet's 2021 reforms, which eliminated the need for guarantees on spectrum acquired prospectively.
Vodafone Idea to MTNL — why are telecom stocks skyrocketing?
Telecom stocks witnessed a sharp upsurge in early morning trade on November 26, amid reports that the Union Cabinet approved ...
Centre's Big Move Comes As Boost For Vodafone Idea, Welcomed By Industry
Hailing the government's landmark decision to waive bank guarantees for telecom spectrum acquired before 2022, industry ...
This Vodafone Idea recharge plan to last for 12 weeks at just Rs 509: What’s new?
Vodafone Idea has launched a budget-friendly plan which will last for 84 days and will offer a 1000 SMS limit, 6GB data and unlimited local as well as STD voice calls. Here are the details.
Vodafone, IDFC First among 14 biggest midcap laggards in past 1 year. Should you buy, sell or hold?
Midcap stocks, including Vodafone Idea and Bandhan Bank, have underperformed recently. Experts suggest holding most stocks, with some showing potential for recovery, while Vodafone Idea is advised to ...