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Vodafone Idea allots Rs 614.5 crore equity shares to Nokia, Ericsson

In Short:Vodafone Idea (Vi) board approved an allotment of equity shares worth Rs 614.5 crore to Nokia and Ericsson. This is part of Vi's...

Vodafone Idea allocates Rs 615 crore worth of equity shares to Nokia and Ericsson

In Short:Vodafone Idea (Vi) in Kolkata has approved issuing equity shares to Nokia and Ericsson, aggregating Rs 615 crore, to clear pending dues. Vi's...

Nokia India’s net sales drop by 68% in 2Q24 due to reduced 5G capex by Jio and Airtel

In Short:Finnish company Nokia reported a 68% drop in net sales in India in Q2 2024 compared to last year, with a significant impact...

Ericsson’s sales drop 44% in Southeast Asia, Oceania, India due to Jio and Airtel 5G capex slowdown

In Short:Telecom gear maker Ericsson reported a 44% decline in sales in Southeast Asia, Oceania, and India due to lower spending by Reliance Jio...

Vodafone Idea’s enhanced network quality could impact Jio and Airtel: S&P

In Short:Vodafone Idea in India is improving its network quality with recent funding, which may slow down subscriber growth for rivals Jio and Airtel....

Business Finland highlights potential for funding telecom and tech research in India

In Short:Finland is keen on funding telecom and technology startups and companies in India, particularly for research and development in 6G technology. Business Finland,...

Ericsson to record $1.1 billion impairment due to Vonage’s weaker outlook

In Short:Ericsson will take a $1.09 billion impairment charge in the second quarter of 2024 due to lower expected market growth for Vonage, which...

Vodafone Idea in talks with Samsung for 4G, 5G vRAN; deploys gear in two circles

In Short:Vodafone Idea in active talks with Samsung for new 4G and 5G technologies like vRAN solution. Network trials ongoing in Chennai, Karnataka, and...

Vodafone Idea confident of operational creditors’ support amidst payment delays

In Short:Vodafone Idea is confident that its operational creditors like Nokia and Ericsson will continue to support them despite delays in payments. Vi's upcoming...

Vodafone Idea considers offering more shares to vendors to settle dues

In Short:Vodafone Idea plans to offer more shares to Nokia and Ericsson to clear dues. They plan to raise Rs 2,458 crore through a...

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