Vodafone Idea Shares Surge over 15% in 4 Days: Here's Why

Vodafone Idea shares surge over 15% in 4 days: Here's why

Vodafone Idea shares have surged over 15% in just four sessions, buoyed by reports of a potential Rs 25,000 crore loan to boost network expansion and renewed hopes of government relief on dues. The telco is also exploring strategic partnerships and funding avenues to support its turnaround plans.

Vodafone Idea Asks Supreme Court For AGR Relief, Wants ₹30,000 Crore Dues Waived

Vodafone Idea has asked the Supreme Court to waive over Rs 30,000 crore in AGR penalties and interest. The company says the government, as a key stakeholder, should help. Its stock rose, and it launched 5G in Delhi today.

Govt Should Not Infuse More Capital in Vodafone Idea: P Chidambaram

Vodafone Idea Limited (VIL), the third-largest telecom operator in the country, received plenty of help from the government recently. The government converted Vi’s statutory dues into equity for itself. This helped Vi in deleveraging its balance sheet. However, the work is not done yet. Vi needs more help, and the government needs to provide it to ensure that India doesn’t become a duopoly. This is what the telecom minister, Jyotiraditya Scindia…