Vodafone, Citi

Citi maintains buy rating on Vodafone Idea, says shares may rally 70% after major debt relief
Citi upgraded Vodafone Idea to "buy" with a target price of Rs 13 per share, citing a significant bank guarantee waiver for spectrum payments. This relief eases financial pressure, improving funding prospects.
Vodafone Idea gets a boost from DoT relief; Citi sees significant upside
In a BSE filing, Vodafone Idea stated that this reform significantly eases its financial burden and removes a major obstacle in raising much-needed debt funding. The waiver comes as a timely relief for the cash-strapped telecom operator, which has been struggling to stabilize operations amid mounting debt.
Vodafone Idea shares may jump 68% after major debt relief, Citi says
Citi said that any progress on Vodafone Idea's debt funding will be a key monitorable going forward and an added trigger for both Vodafone Idea and Indus Towers.
Bank guarantee waiver to aid Vodafone Idea's debt raise efforts: Citi
Vodafone Idea shares rose over 7% after the government waived the need for bank guarantees. This move will help the telco raise further funds and also benefit its vendor Indus Towers. The waiver, which applies to past spectrum auctions,
Vodafone Idea shares rise 6% after government waives bank guarantees for past spectrum auctions
Vodafone Idea shares rose over 6% on December 30, 2024, after the government waived Rs 24,800 crore in bank guarantees for past spectrum auctions, easing the telecom firm’s financial burden.
Vodafone Idea shares jump 7% after relief on spectrum bank guarantees
Vodafone Idea stock has underperformed the market in the last six months as it has fallen 57 per cent, while slipping 52 per cent in the last one year. In comparison BSE Sensex has fallen 0.56 per cent in the last six months and 8.8 per cent in a year.
Vodafone Idea gets Rs 24,800 Crore relief with bank guarantee waiver, says it will ensure 4G/5G network growth
Vodafone Idea (Vi) has received a waiver on bank guarantee requirements for spectrum auctions from the Department of Telecommunications. This waiver c
Vodafone Idea Share Price Jumps On Telecom Department's Bank Guarantee Waiver; Should You Buy?
The shares of Vodafone Idea experienced a jump in Mondays intraday trading, surging by 7% to reach Rs 8 apiece on the BSE. The uptick followed the announcement that the Department of Telecommunications (DoT) had waived the requirement for financial bank guarantees (FBGs) for spectrum acquired in auctions held in 2012,
Big relief for debt-ridden Vodafone Idea from DoT on bank guarantee for spectrum dues – Details
Vodafone Idea(Vi) on Saturday, December 28, said that it has received a letter in this regard from the Department of Telecommunications (DoT). In a statement share with the stock exchanges, Vodafone Idea hailed the government’s decision stating that the “government's BG relief to telecom industry will boost 4G and 5G investments in India.
Relief for Vodafone Idea, DoT waives bank guarantee
Vodafone Idea has been granted waiver of bank guarantee for spectrum auctions held in 2012, 2014, 2016, and 2021, the telco informed the exchanges on Saturday. “Recently, the Department of Telecommunication further extended its support to the telecom industry by dispensing with the requirement of bank guarantee to be submitted for spectrum auctions held prior to reform package,
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Vodafone Idea shares in focus today: 2 things to know about the telecom stock
Shares of Vodafone Idea Ltd (VIL) will be in the spotlight in Monday's trading session following two huge developments. The ...
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Stock Of The Day: Vodafone Idea's 74% Upside Bet By Citi Can Reverse 2024 Rout
India's private telecom operator Vodafone India Ltd. can reverse 2024 losses if the 74% upside forecast by Citi Research ...
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Vodafone Idea shares gain as much as 7% after major relief from the Department of Telecom
Prior to this announcement, Vodafone Idea was supposed to submit bank guarantees worth nearly ₹24,800 crore against each ...
Vodafone Idea shares in focus after Vodafone Group clears Rs 11,650 crore dues secured against VIL shares
Vodafone Group has cleared Rs 11,650 crore in outstanding dues related to its stake in Vodafone Idea. The payment was ...
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Vodafone Idea Share Price: Vodafone Group sells entire stake to settle Rs 11,650 cr debt - Details
The UK-based Vodafone Group has discharged dues of about Rs 11,650 crore (about 109 million pounds) levied against Vodafone ...