IDEA

** Shares of India's Vodafone Idea VODA.NS up 4% to 13.4 rupees, the highest since September 2024

** Telecom operator on track to accelerate capex and remains committed to 450 billion rupee ($4.67 billion) network expansion over the next 3 years, the company management said in a post-earnings call on Monday

** Birla Group, emerging dominant shareholder in VODA, increases confidence in their fund-raising by June 2026, Ambit Capital says

** Adds co's average revenue per user (ARPU) growth could lead the industry due to higher scope for featurephone-to-smartphone upgrades vs peers

** Nomura says successful bank funding critical for capex rollout, which could help arrest subscriber losses, drive ARPU growth via customer upgrades, tariff hikes

** Subscriber addition, ARPU, churn rates improving, but VODA needs more to become investible, Nuvama says

** Stock up 24% YTD

($1 = 96.3425 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

** Shares of Vodafone Idea VODA.NS fall 2.6% to 12.74 rupees

** Stock set for worst day in over one-month if losses hold

** VODA reports surprise Q4 profit, driven by one-time gain in statutory liabilities

** Promoter Aditya Birla Group to invest 47.3 billion rupees ($500 million) through fully convertible warrants

** Brokerages warn that growth remains fragile and early-stage, with UBS highlighting only marginal net subscriber decline and limited evidence of sustained recovery

** Citi notes promoter support could help unlock long-pending bank financing, while UBS said a significantly larger capital raise is still required

** Both analysts say VODA turnaround remains contingent on securing significant external funding, with its high debt burden and ongoing losses still posing risks despite improving operating metrics

** Of 19 analysts tracking stock, 13 rate "hold" or lower, while six rate "buy" or higher

** YTD, VODA up 17.3%

(Reporting by Pranav Kashyap in Bengaluru)

((pranav.kashyap@tr.com; +919886482111;))

Corrects headline to remove reference to Aditya Birla investment; corrects paragraph 1 to attribute profit to a one-time gain; corrects investment amount in paragraph 2 and profit amount in paragraph 3

May 16 (Reuters) - Indian telecoms operator Vodafone Idea VODA.NS reported an unexpected fourth-quarter net profit on Saturday after recording a one-time gain due to a reduction in statutory liabilities.

The company also said its promoter Aditya Birla Group would invest 47.3 billion rupees ($500 million) through fully convertible warrants.

The company posted consolidated profit after tax of 519.7 billion rupees in the three months to March 31. Analysts had expected a loss.

Earlier this year, the Indian government capped Vodafone Idea's adjusted gross revenue dues at $13.79 million annually for the next six years, easing near-term cash flow pressure for the firm.

Vodafone Idea has invested heavily in its 4G and 5G networks in recent years to improve service quality and curb a steady decline in its subscriber base.

The company's average revenue per user (ARPU), a key industry metric, rose to 190 rupees from 175 rupees a year earlier.

India's third-largest telecom provider, 49% owned by the government, was formed in 2018 by a merger between the Indian arm of Britain's Vodafone Group VOD.L and Aditya Birla Group’s Idea Cellular.

The company has been struggling with debt and keeping up with the network expansion of larger rivals.

Overall revenue for the quarter totalled 113.32 billion rupees, missing analysts' average estimate of 116.50 billion rupees.

(Reporting by Angela Christy in Bengaluru. Editing by Joe Bavier and Mark Potter)

((AngelaChristy.M@thomsonreuters.com;))

May 16 (Reuters) - Indian telecom operator Vodafone Idea VODA.NS announced a surprise fourth-quarter profit after tax on Saturday.

The company posted a consolidated profit after tax of 519.76 billion rupees ($5.42 billion) in the three months to March 31, beating analysts' estimates.

($1 = 95.9600 Indian rupees)

(Reporting by Angela Christy in Bengaluru; Editing by Joe Bavier)

((AngelaChristy.M@thomsonreuters.com;))

May 12 (Reuters) - Vodafone Idea Ltd VODA.NS:

• TO CONSIDER AND EVALUATE PROPOSAL FOR RAISING OF FUNDS

• BOARD TO CONSIDER FUNDRAISING VIA EQUITY SHARES AND/OR WARRANTS ON PREFERENTIAL BASIS

Source text: ID:nBSE895fWM

Further company coverage: VODA.NS

((Reuters.Briefs@thomsonreuters.com;))

Updates with fund-raising plan in paragraphs 17-18

MUMBAI, May 11 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms is gearing up to seek regulatory approvals for a Mumbai listing, in what is likely to be the biggest-ever stock offering in the country.

Here are facts and numbers on Jio Platforms, which houses the world's second-largest telecom company by users after China Mobile 600941.SS.

TELECOM BUSINESS

Reliance Jio Platforms is a unit of Ambani's oil-to-retail conglomerate Reliance Industries RELI.NS. It is most known for the telecom business - Reliance Jio Infocomm, which is the country's biggest player with more than 500 million subscribers.

Launched in 2016, the telecom business, popularly just called Jio, hit rivals such as Bharti Airtel BRTI.NS and Vodafone-Idea VODA.NS hard by offering free voice and data plans initially.

The move, in line with Ambani's typical strategy of offering ultra-low prices to lure consumers, drove up its customer base and allowed many Indians to access platforms such as YouTube and Facebook for the first time.

Jio says it currently has a roughly 60% share of India's data traffic.

In recent years, Reliance Jio Platforms has diversified beyond telecom into AI, cloud and enterprise network services, as well as app development. In 2023, Nvidia NVDA.O announced AI partnership with Reliance to develop cloud infrastructure and language models.

THE LEADERSHIP

Mukesh Ambani, Asia's richest man, is the chairman of Jio Platforms. His three children - Akash, Anant and Isha - serve on its board. Akash Ambani, his elder son, is the chairman of the company's flagship telecom unit, Reliance Jio Infocomm.

Reliance Industries holds 66.43% stake in Jio Platforms.

Kiran Thomas is the CEO of Jio Platforms.

KEY FINANCIALS, VALUATION

Reliance Jio Platforms' operating revenue in the last financial year ending March 2025 stood at $13.65 billion. But 90% of that came just from the telecom business, which the company says has grown annually by 13% since 2020-21.

Reliance Jio Platforms posted a profit after tax of $2.8 billion in the year.

In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion. Sources told Reuters in January the IPO could be worth as much as $4 billion, though final numbers will only be decided later.

MARQUEE INVESTORS

In 2020, Jio Platforms raised more than $20.5 billion from 13 global investors in exchange for a roughly 33% equity stake, at a valuation range of $57 billion to $65 billion.

Global names such as Meta Platforms META.O, Alphabet GOOGL.O and KKR invested in the firm, as Ambani sought to turn Jio Platforms into the centerpiece of his technology ambitions.

Other investors include General Atlantic, Silver Lake and the Abu Dhabi Investment Authority. Meta owns a 9.9% stake in the company, followed by Google's 7.7% stake.

THE IPO JOURNEY

The filing, which had been targeted for as early as March, has been pushed back as IPO activity slowed following the outbreak of the conflict in West Asia, with investors losing their appetite for new listings.

The IPO, previously expected to be a pure offer-for-sale where foreign investors would have sold some of their holdings, is now being planned as a fundraising, aiming to issue shares worth 2.5% of the company's size.

The company's IPO has been long delayed. In 2019, Ambani said Jio would "move towards" a listing within five years, but later the plans were delayed in 2025.

The company has hired 17 banks to manage its offering.

(Reporting by Vibhuti Sharma and Aditya Kalra; Editing by Arun Koyyur and Sonali Paul)

((Vibhuti.Sharma@thomsonreuters.com;))

Adds Vodafone Group's response in paragraph 4, details from the report in paragraph 7, background throughout

May 8 (Reuters) - Vodafone Group VOD.L is considering transferring part of its 19% stake in Vodafone Idea VODA.NS to the Indian unit to hold in treasury, Bloomberg News reported on Friday, in a move to boost its capital after the Indian government cut a bill for outstanding spectrum fees.

The share transfer would replace a fresh cash infusion from the UK telecom group and support Vodafone Idea's efforts to raise debt, the report said, citing people familiar with the matter.

The Mumbai-listed company could later sell the shares to generate additional capital to pay government dues and invest in growth as it seeks to regain market share from rivals such as Reliance Jio Infocomm, the report said.

Vodafone Group declined to comment, while Vodafone Idea did not immediately respond to a Reuters request for comment.

Late last month, Vodafone Idea, in which the Indian government holds a 49% stake, had said India slashed its long-pending dues to 640.46 billion rupees ($6.75 billion) from 876.95 billion rupees earlier.

The dues stem from a long legal dispute over the government's method of calculating the so-called adjusted gross revenue, which telecom operators had contested as this metric determines licence fees and other dues.

The loss-making carrier is also in talks with lenders to borrow about 350 billion rupees ($3.7 billion), with State Bank of India likely to lead a lending consortium, the Bloomberg report said, adding that most of the borrowing would be through term loans.

Shares of Vodafone Idea closed flat at 11.24 rupees in Mumbai on Friday.

(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Shilpi Majumdar)

((Aatrayee.Chatterjee@thomsonreuters.com;))

May 5 (Reuters) - Vodafone Idea Ltd VODA.NS:

• APPOINTS KUMAR MANGALAM BIRLA AS NON-EXECUTIVE CHAIRMAN EFFECTIVE MAY 5, 2026

• RAVINDER TAKKAR TO STEP DOWN AS THE NON-EXECUTIVE CHAIRMAN

• APPOINTS RAVINDER TAKKAR AS NON-EXECUTIVE VICE CHAIRMAN EFFECTIVE MAY 5, 2026

  
  

Source text: ID:nBSE6m1BzN

Further company coverage: VODA.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of India's Vodafone Idea VODA.NS jump as much as 6.36%, last up 3.23% to 10.55 rupees

** Government cut co's pending telecom dues to 640.46 billion rupees ($6.75 billion) from 876.95 billion rupees ($9.24 billion)

** Citi ("buy/high risk"; TP:14 rupees) says move clears a key overhang, could help co raise funds needed for network expansion

** Adds lower dues improve the co's financial position, but the ability to secure funding remains a key monitorable

** VODA rated "Hold" on average by 19 analysts, median PT at 10 rupees - data compiled by LSEG

** YTD, stock down 5.02%

($1 = 94.9312 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))

April 30 (Reuters) - Vodafone Idea Ltd VODA.NS:

• VODAFONE IDEA LTD - DOT FINALIZES AGR DUES AT 640.46 BILLION RUPEES AS ON DEC 31, 2025

• VODAFONE IDEA LTD - MINIMUM 1 BILLION RUPEES TO BE PAID ANNUALLY FY 2031-32 TO FY 2034-35

• VODAFONE IDEA LTD- REMAINING AMOUNT TO BE PAID IN 6 EQUAL INSTALLMENTS ANNUALLY FROM FY 2035-36 TO FY 2040- 41

Source text: ID:nBSE2z2QpQ

Further company coverage: VODA.NS

((Reuters.Briefs@thomsonreuters.com;))

MUMBAI, March 23 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Jio Platforms is gearing up to file papers seeking regulatory approvals for a Mumbai listing, in what is likely to be the biggest-ever stock offering in the country.

Here are facts and numbers on Jio Platforms, which houses the world's second-largest telecom company by users after China Mobile 600941.SS.

TELECOM BUSINESS

Reliance Jio Platforms is a unit of Ambani's oil-to-retail conglomerate Reliance Industries RELI.NS. It is most known for the telecom business - Reliance Jio Infocomm, which is the country's biggest player with more than 500 million subscribers.

Launched in 2016, the telecom business, popularly just called Jio, hit rivals such as Bharti Airtel BRTI.NS and Vodafone-Idea VODA.NS hard by offering free voice and data plans initially.

The move, in line with Ambani's typical strategy of offering cut-throat prices to lure consumers, drove up its customer base and allowed many Indians to access platforms such as YouTube and Facebook for the first time.

Jio says it currently has a roughly 60% share of India's data traffic.

In recent years, Reliance Jio Platforms has diversified beyond telecom into AI, cloud and enterprise network services, as well as app development. In 2023, Nvidia NVDA.O announced AI partnership with Reliance to develop cloud infrastructure and language models.

THE LEADERSHIP

Mukesh Ambani, Asia's richest man, is the chairman of Jio Platforms. His three children - Akash, Anant and Isha - serve on its board. Akash Ambani, his elder son, is the chairman of the company's flagship telecom unit, Reliance Jio Infocomm.

Reliance Industries holds 66.43% stake in Jio Platforms.

Kiran Thomas is the CEO of Jio Platforms.

KEY FINANCIALS, VALUATION

Reliance Jio Platforms' operating revenue in the last financial year ending March 2025 stood at $13.65 billion. But 90% of that came just from the telecom business, which the company says has grown annually by 13% since 2020-21.

Reliance Jio Platforms posted a profit after tax of $2.8 billion in the year.

In November, investment bank Jefferies estimated that Reliance Jio's valuation stood at $180 billion. Sources told Reuters in January the IPO could be worth as much as $4 billion, though final numbers will only be decided later.

MARQUEE INVESTORS

In 2020, Jio Platforms raised more than $20.5 billion from 13 global investors in exchange for a roughly 33% equity stake, at a valuation range of $57 billion to $65 billion.

Global names such as Meta Platforms META.O, Alphabet GOOGL.O and KKR invested in the firm, as Ambani sought to turn Jio Platforms into the centerpiece of his technology ambitions.

Other investors include General Atlantic, Silver Lake and the Abu Dhabi Investment Authority. Meta owns a 9.9% stake in the company, followed by Google's 7.7% stake.

THE IPO JOURNEY

The company's IPO has been long delayed. In 2019, Ambani said Jio would "move towards" a listing within five years, but later the plans were delayed in 2025.

The company has hired 17 banks to manage its offering, which will see the company raise no new funds from the public and only allow exits for some shareholders.

(Reporting by Vibhuti Sharma and Aditya Kalra; Editing by Arun Koyyur)

((Vibhuti.Sharma@thomsonreuters.com;))

** Shares of Indian telecom operator Vodafone Idea VODA.NS down 2.9% to 11.52 rupees

** J.P. Morgan downgrades stock to "underweight" from "neutral"; PT at 9 rupees - implying 24% downside to last close

** Co has "multiple hurdles to cross before the business stabilizes", brokerage says

** Says stock's outperformance is overdone as firm still awaits bank funding to drive the next leg of the capex cycle

** J.P. Morgan notes co's target of a 3x increase in cash EBITDA over 3 years "looks aggressive"

** VODA on avg rated "hold" by 19 analysts; median PT is 10 rupees - LSEG data

** YTD, VODA up 7% after gaining 35.5% in 2025

** Peers Bharti Airtel BRTI.NS down 4.3%, while Indus Tower INUS.NS up 13.3% so far this year

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))

** Shares of Indian telecom operator Vodafone Idea VODA.NS rise 1.42% to 9.97 rupees

** Co reports narrower Q3 loss at 52.86 billion rupees ($576.89 million) from 66.09 bln rupees last year; revenue rose 1.86% y/y to 113.23 bln rupees

** VODA on avg rated "hold" by 19 analysts; median PT is 10 rupees - LSEG data

** Stock down 7.4% so far in January

($1 = 91.6300 Indian rupees)

(Reporting by Abhirami G in Bengaluru)

((abhirami.g@thomsonreuters.com))

By Aditya Kalra and Munsif Vengattil

NEW DELHI, Jan 15 (Reuters) - Billionaire Mukesh Ambani's telecom company is among those urging the government to act over what they describe as monopolistic practices at Gautam Adani's new Mumbai airport, saying the facility is blocking operators from providing mobile connectivity, according to a letter seen by Reuters.

Adani-run Navi Mumbai International Airport denied the allegations, but the dispute highlights the growing rivalry between India's two richest men, whose conglomerates increasingly compete across sectors from green energy to data centres.

The airport, located on Mumbai’s outskirts, began operations in December after being inaugurated by Prime Minister Narendra Modi. It is the latest addition to Adani’s portfolio of eight airports, with plans for more.

Within days of opening, passengers complained on social media about poor or non-existent mobile coverage and raised privacy concerns after spotting billboards offering free airport Wi-Fi.

TELECOM OPERATORS DEMAND ACCESS TO AIRPORT INFRASTRUCTURE

A January 13 letter from Cellular Operators Association of India to India's government states Adani's airport must grant access to install equipment as required by Indian regulations for public entities, which includes airports, and that a denial has created a "monopolistic bottleneck".

In its statement, Navi Mumbai International Airport said it had deployed “state-of-the-art solutions” and that operators could partner with an entity managing the airport’s in-building network infrastructure.

COAI, which represents Ambani's Reliance Jio, Bharti Airtel BRTI.NS and Vodafone Idea VODA.NS, said it had no comment beyond the letter, which is not public.

The companies and the Telecom Regulatory Authority of India, did not respond to Reuters queries.

PASSENGER DISTRESS: 'WE CAN'T CALL PEOPLE'

Jio leads India's telecom market with over 500 million subscribers, followed by Airtel at 314 million and Vodafone at nearly 128 million.

Online, passengers have voiced frustration that the airport’s Wi-Fi cannot be accessed without mobile coverage because login requires a one-time password sent via WhatsApp.

"You'll be thankful to see free Wi-Fi banners, thinking you can at least book cabs now. You go to the Wi-Fi network and try to log in, but it requires an OTP (one time password)," X user adarsxh_baab wrote on Jan. 13.

Adani's statement added that when network coverage is left to individual operators, they often provide "sub-optimal coverage" in sensitive areas such as baggage handling zones.

COAI also said the airport is demanding around $102,000 per operator each month - nearly $5 million annually for four carriers - to use its centralised network, an allegation Adani denied.

"We can't call people, pay for cabs or even book anything. If you're a solo traveller it's hell," X user Srihita Vanguri wrote on the platform on Sunday.

(Reporting by Aditya Kalra and Munsif Vengattil, Editing by Louise Heavens)

((munsif.vengattil@thomsonreuters.com;))

** Telecom infra provider Indus Towers INUS.NS rises 2.6% to 439.30 rupees

** India govt's telecom due relief for Vodafone Idea VODA.NS will make way for its fundraising and network capex boosting, which will be a "big positive" for Indus Towers INUS.NS, CLSA says in note titled 'Winner of VIdea's revival'

** Brokerage says VODA's fundraising should add upside to INUS's growth of 10-11% CAGR in core revenue

** Adds, INUS's balance sheet is net cash and dividend restatement is likely

** Maintains "high conviction outperform" rating at PT 565 rupees for INUS

** Stock rated "buy" on avg by 21 analysts; median PT 462.50 rupees - data compiled by LSEG

** Stock gained about 22.5% in 2025

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

Adds share move in paragraph 3, analyst comment in paragraph 4

By Urvi Dugar

Jan 9 (Reuters) - The Indian government on Friday capped Vodafone Idea's VODA.NS long-pending adjusted gross revenue dues at $13.79 million annually over the next six years, easing near-term cash flow pressure for the embattled telecom carrier.

The move sent shares of India's third-largest carrier up 9% in morning trading, although investors remained cautious about upcoming funding needs to support 5G expansion plans. By early afternoon, the stock pared most of its gains to trade up 0.7%.

The government approved a partial moratorium on the telecom company's dues on December 31, freezing $9.76 billion in payments and deferring repayments. At the time, Vodafone Idea had not received any communication about the measure.

The dues stem from the government's method of calculating telecom operators' licence fees and spectrum charges. Telecom operators, including Vodafone Idea, have long contested the used method.

"Vodafone Idea's repayment timeline is offering "ease of life" and government backing, which are positives for survival," said Vinit Bolinjkar, head of research at Mumbai-based Ventura Securities.

However, he remains cautious, citing the need for a clear funding plan and a robust growth strategy, especially with upcoming 5G investments.

The telecom operator, in which the Indian government holds a 49% stake and UK's Vodafone Group VOD.L about 16%, said after the initial six years, the annual payout will be capped at 1 billion rupees ($11.10 million) for the next four years.

The remaining balance will be settled in equal annual installments over the subsequent six years.

The company has reported losses every quarter since its 2018 merger, ceding market share to Bharti Airtel BRTI.NS and Jio, weighed down by over $22 billion in debt and struggling to expand their networks as rapidly as their competitors.

($1 = 90.1150 Indian rupees)

(Reporting by Urvi Dugar and Chandini Monnappa in Bengaluru; Editing by Rashmi Aich)

((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))

Jan 6 (Reuters) - Vodafone Idea Ltd VODA.NS:

• VODAFONE IDEA LTD - ORDER CONFIRMS TAX PENALTY OF 87.8 MILLION RUPEES WITH INTEREST

Source text: ID:nNSE8P9H9q

Further company coverage: VODA.NS

((Reuters.Briefs@thomsonreuters.com;))

Jan 1 (Reuters) - Indian telecom operator Vodafone Idea VODA.NS said on Thursday it had received an order levying a penalty of 6.38 billion rupees (nearly $71 million), for alleged "short payment" of taxes.

The order, issued by a goods and services tax authority, comes a day after the Indian government granted the debt-saddled firm a partial moratorium on adjusted gross revenue (AGR) dues, disappointing investors who had hoped for a waiver.

Vodafone Idea, jointly owned by India's Aditya Birla Group and Vodafone Group VOD.L, said it does not agree with the penalty order and would take legal action against the same.

Shares of the country's no. 3 telecom player closed 7.8% higher on Thursday after having dropped about 11% on Wednesday, when the government's five-year moratorium was announced, freezing payments of $9.76 billion.

Analysts at Emkay said in a note on Friday that a moratorium would not be sufficient to solve Vodafone Idea's liquidity issues.

($1 = 89.9625 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru
Editing by Nick Zieminski)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

Rewrites throughout to add details about relief measures

Dec 31 (Reuters) - India has approved a partial moratorium on Vodafone Idea's VODA.NS adjusted gross revenue (AGR) dues, freezing $9.76 billion in payments and deferring repayments to the 2030s, a government source told Reuters on Wednesday, disappointing investors hoping for a waiver.

The measure halts further interest or penalties and pushes repayment into the next decade, with payments to begin in 2031-32 and run through 2040-41, giving the telecom operator near-term cash-flow relief without cutting headline dues.

Vodafone Idea's shares plunged 11% as investors had hoped for a bigger relaxation after India's top court in November said that the government should consider the company's relief request for all of its AGR dues.

"The five-year moratorium gives the company recovery time. The Street anticipated a waiver of some sort, but that has not happened," said Vinit Bolinjkar, head of research at Ventura Securities.

Telecom operators, including Vodafone Idea, have long contested the government's method of calculating AGR, which determines the license fees and other dues.

The government, which holds a 49% stake in the firm, had earlier this year said it would convert a part of Vodafone Idea's outstanding spectrum auction dues into equity.

The government source said that the AGR dues for 2017-18 and 2018-19, already finalised by a 2020 Supreme Court order, will continue to be paid on the existing schedule from 2025 to 2031.

Vodafone Idea in a regulatory filing on Wednesday said it had not received any communication about the measure.

($1 = 89.8370 Indian rupees)

(Reporting by Nigam Prusty, Vivek Kumar M and Komal Salecha, writing by Chandini Monnappa; Editing by Janane Venkatraman and Sonia Cheema)

((Chandini.M@thomsonreuters.com; https://www.linkedin.com/in/chandini-monnappa-8a37b013b/;))

Nov 10 (Reuters) - India's Vodafone Idea VODA.NS posted a smaller-than-expected second-quarter loss on Monday, aided by more users upgrading to its higher-margin 4G and 5G plans.

The debt-saddled telecom operator's consolidated loss after tax narrowed to 55.24 billion rupees ($628.5 million) in the quarter ended September 30, from a loss of 71.76 billion rupees last year.

Analysts, on average, had expected a loss of 66.22 billion rupees, according to data compiled by LSEG.

($1 = 87.8950 Indian rupees)

(Reporting by Aleef Jahan and Anuran Sadhu in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))

** India's Vodafone Idea VODA.NS tumbles 12.3% to 8.21 rupees, set for third straight session of losses

** Top loser among Nifty 500 .NIFTY500 stocks

** Drops on uncertainty over government relief on adjusted gross revenue dues

** Beleaguered telecom operator's stock hit one-year high of 10.57 rupees on Monday on hopes of a relief after apex court permitted government to reconsider the matter

** "The Supreme Court order applies only to the incremental AGR demand. It depends on the government now. Unless there is a substantial relief, it is not going to make a major difference for Vodafone Idea's stock," says Piyush Pandey, lead analyst tracking the telecom operator at Centrum India

** Analysts on avg rate stock "hold"; median PT at 6.25 rupees, per data from LSEG

** YTD, VODA up 3.4%

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))

Oct 6 (Reuters) -

• INDIA WEIGHS RESOLUTION OF VODAFONE DUES ROW TO BOLSTER UK TIES - BLOOMBERG NEWS

Source text: https://tinyurl.com/3ndtd6me

Further company coverage: VOD.L

((Reuters.Briefs@thomsonreuters.com;))

Oct 3 (Reuters) - Vodafone Idea Ltd VODA.NS:

• VODAFONE IDEA LTD - APPOINTMENT OF MR. TEJAS MEHTA AS THE CHIEF FINANCIAL OFFICER

• VODAFONE IDEA LTD - END OF TENURE OF MURTHY GVAS AS THE CHIEF FINANCIAL OFFICER

Source text: [ID:]

Further company coverage: VODA.NS

(Reuters.Briefs@thomsonreuters.com)

** Shares of Vodafone Idea VODA.NS down 6% to 8.2 rupees

** India's top court defers hearing VODA's plea over additional telecom dues to Oct 6, Moneycontrol says

** The telecom operator seeks to quash fresh demand of telecom dues worth 94.5 billion rupees ($1.1 billion) from government

** Hearing deferred following government seeking more time to respond to VODA's plea

** Stock set to fall most in a session in a month

** VODA on track to snap three straight weeks of gains

** Avg rating of 19 analysts is "hold" and median PT is 7 rupees - data compiled by LSEG

** YTD, VODA up ~9%

($1 = 88.6900 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

** Vodafone Idea VODA.NS rises 5.9% to 8.3 rupees

** India's top court deferred to next week the mobile carrier's plea to quash fresh demand of telecom dues worth 94.5 billion rupees ($1.07 billion) from government, CNBC-TV18 says on X

** Government told supreme court it doesn't oppose plea, that some solution is required on matter, tweet adds

** Court observed there has to be finality in matter

** Telcos, including Vodafone, Bharti Airtel BRTI.NS, long contested so-called "adjusted gross revenue" dues with government

** Stock rated "hold" on avg; median PT 7 rupees, per data compiled by LSEG

** YTD, VODA gains 5%

($1 = 88.2870 Indian rupees)

(Reporting by Aleef Jahan)

((aleefjahan.cs@thomsonreuters.com))

Sept 18 (Reuters) - Tata Consultancy Services Ltd TCS.NS:

• TCS - PARTNERED WITH VODAFONE IDEA TO TRANSFORM THEIR BUSINESS SUPPORT SYSTEM

• TATA CONSULTANCY SERVICES LTD - FIVE-YEAR ENGAGEMENT TO HELP VI UNLOCK NEW CAPABILITIES

Source text: ID:nnAZN4JFW6G

Further company coverage: TCS.NS

((reuters.briefs@thomsonreuters.com;))

Aug 26 (Reuters) -

• INDIA'S VODAFONE IDEA IN ADVANCED TALKS TO RAISE 50 BILLION RUPEES , DEAL LIKELY TO CLOSE IN NEXT FEW WEEKS- MONEY CONTROL

Source text: https://bit.ly/4oY0O8s

Further company coverage: VODA.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of Vodafone Idea VODA.NS rise as much as 9.5% to 7.17 rupees, set for biggest one-day jump since April 21

** NDTV Profit reports citing sources that government may slash telecom dues for co, Bharti Airtel BRTI.NS

** BRTI is up 0.25%

** If approved, VODA's dues will be reduced to 280 billion rupees ($3.2 billion) from 834 billion rupees, while BRTI's dues will fall to 100 billion rupees from 420 billion rupees, the report said

** VODA, BRTI and the India government did not immediately respond to a Reuters' request for comment

** VODA shares are down 10.5% in 2025, while BRTI has gained 22%

($1 = 87.5000 Indian rupees)

(Reporting by Nishit Navin in Bengaluru)

((nishit.navin@thomsonreuters.com))