Shares of Vodafone Idea surged 8 per cent in Wednesday's session amid reports that the company was planning to raise $2.5 billion by sale of assets.

ET quoting sources reported that the telecom operator was in talks to sell its optic fibre business to Brookfield Asset Management<\/a> Inc. and its data centre to the Edelweiss Group<\/a> as the telco seeks to raise over $2.5 billion from asset sales ahead of a January deadline to pay statutory dues.

“The company is in talks with global asset manager Brookfield to sell its 156,000 km of optic fibre assets and Bank of America and Morgan Stanley are the bankers helping Vodafone negotiate with potential buyers,” the report quoted a source.

Vodafone Idea is staring at paying up over Rs 53,000 crore ($7.5 billion) after the Supreme Court upheld the government’s definition of adjusted gross revenue (AGR) for telcos to include revenue from non-core activities. The telcos have sought a review of the October 24 order, which stated that the dues should be cleared within three months.

The company reported a record loss of Rs 50,921 crore for the September quarter, as it made a provision for the payment of statutory dues.

The company, along with other telecom services providers, also raised tariff rates by up to 40 per cent on its popular plans from December first week. This is also likely to augment its balance sheet.

However, the company is still hoping for government help. Its chairman Kumar Manglam Birla last week said that Vodafone Idea may have to shut shops if there was no olive branch from the Centre.

At 11.02 am, the stock was trading up 4.73 per cent to Rs 6.87 on BSE.
<\/p><\/body>","next_sibling":[{"msid":72468155,"title":"Share market update: Telecom shares mixed","entity_type":"ARTICLE","link":"\/news\/share-market-update-telecom-shares-mixed-vodafone-idea-jumps-5\/72468155","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"72468110","title":"getty-stocks up","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-jumps-5-on-reports-of-fundraising-plan\/getty-stocks-up","category_name":"Vodafone Idea jumps 5% on reports of fundraising plan","synopsis":"The company reported a record loss of Rs 50,921 crore for the September quarter, as it made a provision for the payment of statutory dues.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-443070\/72468110.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-jumps-5-on-reports-of-fundraising-plan\/getty-stocks-up\/72468110"},{"msid":"72465874","title":"Voda Idea in talks with Brookfield and Edelweiss to sell some assets","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/voda-idea-in-talks-with-brookfield-and-edelweiss-to-sell-some-assets","category_name":"News","synopsis":"Telco seeks to raise over $2.5b from sale of fibre business, data centre to pay AGR dues.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-159541\/72465874.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/voda-idea-in-talks-with-brookfield-and-edelweiss-to-sell-some-assets\/72465874"},{"msid":"72466058","title":"Bharti Airtel world\u2019s 3rd best telecom stock in 2019","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/bharti-airtel-worlds-3rd-best-telecom-stock-in-2019","category_name":"News","synopsis":"Airtel\u2019s $3b fundraisings and improved free cash could mitigate the risk of AGR payments.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-440833\/72466058.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/bharti-airtel-worlds-3rd-best-telecom-stock-in-2019\/72466058"},{"msid":"72433253","title":"Telecom stocks are buzzing again. Should you invest?","entity_type":"ARTICLE","seopath":"markets\/stocks\/news\/telecom-stocks-are-buzzing-again-should-you-invest","category_name":"News","synopsis":"The revised tariff plans are structured to limit down-trading.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-123557\/72433253.cms?width=150&height=112","link":"\/news\/markets\/stocks\/news\/telecom-stocks-are-buzzing-again-should-you-invest\/72433253"}],"msid":72468214,"entity_type":"ARTICLE","title":"Vodafone Idea jumps 5% on reports of fundraising plan","synopsis":"Voda Idea was in talks to sell its optic fibre business to Brookfield Asset Management.","titleseo":"telecomnews\/vodafone-idea-jumps-5-on-reports-of-fundraising-plan","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-12-11 11:17:31","lastupd":"2019-12-11 11:18:03","breadcrumbTags":["Vodafone idea share price","Brookfield Asset Management","fundraising","Edelweiss Group","market news","Telecom India"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-jumps-5-on-reports-of-fundraising-plan"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2019-12-11" data-index="article_1">

沃达丰想法跳跃5%筹款计划的报告

Voda想法是谈判出售其光纤业务Brookfield Asset Management。

  • 更新于2019年12月11日凌晨11:18坚持

沃达丰股价想法上涨8%在周三的会议,有报道称,该公司计划通过出售资产筹集25亿美元。

等引用消息来源报道,电信运营商在谈判出售其光纤业务布鲁克菲尔德资产管理公司和其数据中心雪绒花集团随着电信寻求通过出售资产筹集超过25亿美元的截止日期1月支付法定会费。

”该公司正与全球资产经理布鲁克菲尔德出售其156000千米的光纤资产和美国银行(Bank of America)和摩根士丹利(Morgan Stanley)银行家帮助沃达丰与潜在买家进行谈判,”该报告引用源。

广告
沃达丰的想法是盯着支付了53000卢比(75亿美元)后,最高法院的支持政府的调整后的总收益的定义(AGR)电信公司从非核心活动包括收入。10月24日电信公司寻求评论的秩序,这表示,费应在三个月内清除。

公司公布了创纪录的季度亏损50921卢比,因为它规定法定的支付会费。

公司,以及其他电信服务提供商,也提高了关税税率40%在其受欢迎的计划从12月第一周。这也可能扩大其资产负债表。

然而,该公司还希望政府帮助。主席库玛贝拉Manglam上周表示,沃达丰的想法可能不得不关闭商店如果没有中心的橄榄枝。

11.02点,股票交易上涨4.73%,至6.87卢比疯牛病。

  • 发布于2019年12月11日,十一17点坚持

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Shares of Vodafone Idea surged 8 per cent in Wednesday's session amid reports that the company was planning to raise $2.5 billion by sale of assets.

ET quoting sources reported that the telecom operator was in talks to sell its optic fibre business to Brookfield Asset Management<\/a> Inc. and its data centre to the Edelweiss Group<\/a> as the telco seeks to raise over $2.5 billion from asset sales ahead of a January deadline to pay statutory dues.

“The company is in talks with global asset manager Brookfield to sell its 156,000 km of optic fibre assets and Bank of America and Morgan Stanley are the bankers helping Vodafone negotiate with potential buyers,” the report quoted a source.

Vodafone Idea is staring at paying up over Rs 53,000 crore ($7.5 billion) after the Supreme Court upheld the government’s definition of adjusted gross revenue (AGR) for telcos to include revenue from non-core activities. The telcos have sought a review of the October 24 order, which stated that the dues should be cleared within three months.

The company reported a record loss of Rs 50,921 crore for the September quarter, as it made a provision for the payment of statutory dues.

The company, along with other telecom services providers, also raised tariff rates by up to 40 per cent on its popular plans from December first week. This is also likely to augment its balance sheet.

However, the company is still hoping for government help. Its chairman Kumar Manglam Birla last week said that Vodafone Idea may have to shut shops if there was no olive branch from the Centre.

At 11.02 am, the stock was trading up 4.73 per cent to Rs 6.87 on BSE.
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