New Delhi [India], Mar. 20 : Idea Cellular on Monday announced that the board has approved its merger of Vodafone India Limited (VIL) and its wholly-owned subsidiary Vodafone Mobile Services Limited (VMSL) with itself, thus paving way for the creation of India's largest telecom entity.
As per minutes of the meeting held earlier today, Vodafone will hold 45 percent in the combined entity. Idea promoters will hold 26 percent in the combined entity.
Vodafone will own 45.1 percent of the company after transferring a stake to the Promoters of Idea for Rs. 38.74 billion in cash, post completion of the amalgamation.
New Delhi [India], Mar. 04 : Vodafone has launched world's largest recruitment programme for women who took break in their careers.
The ReConnect programme is designed to attract talented women who have left the workplace for several years (in most cases to raise a family) and who would like to return to work on a full-time or flexible basis but are struggling to make the professional connections needed or refresh the skills required.
The programme will operate across 26 countries with a target of 1,000 ReConnect recruits within three years.
ReConnect will complement other Vodafone global initiatives focused on encouraging and supporting women in the workplace including the Group's groundbreaking global maternity policy announced in March 2015.
According to Vodafone Group PLC, it is in talks with Liberty Global PLC over an 'exchange of selected assets'. This could lead the two companies to a new deal related to European television and communications.
British telecommunications giant said that talks have just begun and there have not been any discussions over a complete merger with Liberty Global. In recent days, Mr. Malone publicly showed that there is a possibility of such a deal, which will lead to increased shares of Vodafone. Liberty Global is a US-based cable operator controlled by John Malone and it focuses on Europe.
Tuesday saw Vodafone Group Plc, the second-largest mobile-phone company, report a quarterly rise for the first time in almost three years, 0.1 percent in the three months ended March. However, it continued to stay weak in Germany, which is its biggest market.
Vodafone, with over 440 million mobile customers in countries ranging from Albania to Ireland, Qatar, India, South Africa and New Zealand, witnessed mild improvements in Italy, Spain and Portugal while it remained weak in its biggest market, Germany. The reasons attributable to this fall in revenue are decreased consumer spending and regulator-imposed price cuts.
Good news for employees of the global telecommunications Vodafone Group, as the company on Friday announced a global policy on maternity benefits.
As per the new policy, the company will offer at least 16 weeks of paid maternity leaves to all new mothers. And as per terms of the policy the company will allow new mothers to work slightly for reduced hours on full pay for the first six months.
Vodafone CEO Vittorio Colao said in a statement that several talented women had to leave their jobs because they face difficulty to make a choice between caring for a newborn baby and their careers.
He further said that over 1,000 women working for Vodafone in countries, which offer less or no statutory maternity care, will benefit from the company’s new policy.
New Delhi, Feb. 4 - The Chief Executive Officer (CEO) of UK-based telecom major Vodafone, Vittorio Colao, met Union Minister for Communications and Information Technology Ravi Shankar Prasad, and discusses Digital India project.
Colao told Prasad that Vodafone could play an important role in providing the last mile connectivity by improving its network and building broadband penetration.
"It was an excellent meeting. We have very good alignment on the 'Digital India' project. We think we can have a great role on Digital India," said Colao.
New Delhi: Vodafone India on Tuesday said it has applied for a payment bank licence and is exploring options for partnerships for the proposed banking venture.
"Vodafone has filed an application with Reserve Bank of India (RBI) for the Payments Bank licence. We are exploring options for partnerships," the company said in a statement.
Corporates, including RIL, Aditya Birla, Bharti Airtel and Future Group, are among at least a dozen entities that have also sought licence from RBI to set up payment or small finance banks, two niche banking models introduced to push financial inclusion and saving habits.
Mumbai - The Bombay High Court on Friday ruled Vodafone is not liable to pay an income tax demand of Rs 3,200 crore in a case relating to transfer pricing, a verdict which comes as a big relief for the UK-based mobile service provider already locked in a big tax dispute with the Government.
The I-T Department had asked the company to pay additional income tax alleging that it had undervalued its shares in the subsidiary Vodafone India Services while transferring them to the parent company in Britain. The transaction took place in FY10.
New Delhi: Network solutions major Ericsson Tuesday said it has won a contract from Vodafone India to deploy its payment solutions in seven circles for the country's second largest telecom operator.
Financial details of the deal were not revealed.
The five-year contract covers new circles of Uttar Pradesh (W), Uttar Pradesh (E), Punjab, Haryana and Himachal Pradesh, besides Mumbai and Maharashtra.
"Ericsson Charging platform to be launched across 7 Vodafone circles, enabling new revenue-generating features and potential payment convergence across prepaid and postpaid segments," it said in a statement.
New Delhi: India is among 29 nations that sought access to Vodafone's network to intercept calls, text messages and e-mails last year, the UK-based group said.
The company, in its Law Enforcement Disclosure report, however, did not mention the number of requests made by India as Indian laws don't allow disclosure of information on interception and communications data.
Vodafone did not say if it complied with the requests made by the Indian government.
New Delhi: The Department of Telecom has rejected Vodafone India's request to extend its licences in seven service areas that are expiring next year.
"(Vodafone's) request for extension of licences in Kerala, Tamil Nadu, Haryana, Rajasthan, UP East, Maharashtra and Gujarat service areas expiring in December 2015 cannot be acceded," a DoT note said.
Vodafone declined to comment.
In 2015-16, 29 licences are expiring, including the seven held by Vodafone.
New Delhi, May 15 : Samsung Electronics Thursday tied up with service providers Vodafone India and Aircel to introduce billing facility for its Samsung app store, a company statement said here.
The tie-up would allow Samsung smartphone users to download their favourite apps and games with the option of payment through their mobile bill. Starting May 1, the operator billing integration will be available for both prepaid and postpaid customers to enjoy uninterrupted downloads.
Mumbai, April 10 : Piramal Enterprises Thursday said it will sell its 11 percent stake in Vodafone India for Rs. 8,900 crore ($1.48 billion).
In a corporate filing to the Bombay Stock Exchange (BSE), the company said it has agreed to sell its entire stake to Prime Metals, which is an indirect subsidiary of Vodafone Group Plc.
"The equity purchase in Vodafone was consistent with our objective of making investments that offer opportunity to generate attractive long term return on equity," Ajay Piramal, chairman, Piramal Group was quoted in the corporate filing.
British telecom giant, Vodafone has said that it is planning to open 150 new shops and create 1400 new jobs across the UK during the coming 12 months.
The plans will increase the company's total investment in the country to £1 billion during 2014. The company is the biggest mobile providers in the UK and serves over 19 million UK customers across the country. Vodafone is aiming to offer indoor and outdoor 2G, 3G and 4G coverage to 98 per cent of the UK population by 2015.
Global telecom giant, Vodafone has said on Monday that it has agreed to buy Spanish cable operator Corporativo Ono in a deal valued at _7.2 billion.
The acquisition will allow the company to expand its presence in the Spanish TV and broadband market. Following the acquisition, Vodafone will have 1.9-million customers in Spain to complement its mobile service. It will allow the company to better compete with the likes of Telefonica and Orange.
The Indian Government will review the conciliation process with Vodafone over Rs 20,000-crore tax dispute only after a transfer pricing case pertaining to the telecom operator is settled, a senior finance ministry official said.
Requesting anonymity, the government official said that the Union Cabinet decided to instruct the Income Tax Appellate Tribunal (ITAT) to expeditiously solve the Vodafone transfer pricing case.
Global telecom service provider, Vodafone has announced more details about how it will payback its shareholders following the sale of the group's stake in Verizon Wireless in the US.
The UK company said that it is planning to pay£51 billion back to its shareholders. The company sold its stake in the US venture in a deal valued at about $130 billion. The FTSE 100 telecoms operator said that the shareholders will receive 0.026 Verizon shares for each Vodafone share they owned under the pay out at 8am on 24 February, 2014.
Telecom giant, Vodafone has indicated that it might be planning to enter into the pay-TV market in the UK as the company is looking to revive its business.
The company is trying to revive its business after its UK revenues fell for the seventh quarter. Chief executive Vittorio Colao said that the company might enter the market in six to seven months. He also said that the company should buy Premier League football rights butit is unlikely totake part in the next auction this autumn.
The shareholders of global telecom giant, Vodafone have voted to approve a £51 billion cash and shares deal to sell the company's American subsidiary Verizon Wireless.
British telecom services provider Vodafone Plc has reportedly suggested the Indian Government that all tax claims against its Indian arm be clubbed together for settlement.
Sources have revealed that Vodafone has suggested that a transfer pricing case against it should be clubbed with the Rs 11,200-crore capital gains tax dispute.