Latest news with #VIL
India Gazette
30-06-2025
- Business
- India Gazette
Reliance Jio set to become global leader in fixed wireless access as per subscriber base: ICICI Securities Report
Mumbai (Maharashtra) [India], June 30 (ANI): Reliance Jio (RJio) is on track to become the World's largest Fixed Wireless Access (FWA) service provider as per the number of subscribers by the end of June 2025, according to a report by ICICI Securities. The report is based on the latest subscriber data released by the Telecom Regulatory Authority of India (TRAI) for May 2025. The report stated, 'RJio on path to be dominant FWA player by subs globally'. It also noted that RJio's FWA subscriber base reached 5.9 million in May 2025. After adjusting for the UBR (Ultra Broadband Router) reclassification, the net additions stood at 0.74 million for the month. Including UBR subscribers, RJio's total FWA user base reached 6.88 million. This puts it ahead of T-Mobile, whose FWA subscriber count stood at 6.85 million as of March 2025. With this growth, RJio is poised to become the dominant FWA player globally by subscriber base. The report also highlighted that the overall industry saw an addition of 7.4 million active subscribers in May 2025. RJio led the growth, adding 5.5 million active subscribers, taking its total active base to 462 million. This comes after a period of stagnation following the tariff hikes in July 2024. RJio's total subscriber base rose by 2.7 million to 475 million in May. With this growth, RJio's active subscriber market share increased by 16 basis points (bps) month-on-month to 42.8 per cent. In comparison, Bharti Airtel's active market share declined by 13 bps to 35.8 per cent, and Vodafone Idea (VIL) saw a drop of 23 bps to 16 per cent. In terms of mobile broadband (MBB), excluding FWA, the report added that RJio's subscriber base grew by an average of 2.3 million per month between December 2024 and May 2025, reaching 475 million. When adjusted for inactive users, RJio's MBB market share stood at 50.8 per cent, up 20 bps compared to November 2024. Bharti's MBB market share also rose to 32 per cent, up 30 bps during the same period, while VIL's share dropped to 13.9 per cent, down 20 bps. The consistent growth in both active subscribers and FWA connections shows that RJio is becoming a major force in the global telecom landscape. (ANI)
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Business Standard
25-06-2025
- Business
- Business Standard
Cosmic connection: D2D technology may redefine telecom rules in India
Direct-to-device (D2D) satellite connectivity would allow users to access satellite connectivity on existing 4G or 5G smartphones - no special satellite phone would be needed premium Surajeet Das Gupta New Delhi Listen to This Article By next year, mobile smartphone users in India could access a new technology that would allow them to stay connected even in areas with weak or no terrestrial network coverage — without changing their existing devices. This innovation is enabled by direct-to-device or direct-to-cell (D2D) services, where the smartphone gets connected through satellites, allowing users to make calls, send texts, or use data in remote areas. The first to announce its plans to offer this service in India is Vodafone Idea Ltd (VIL). Despite ongoing financial challenges, last fortnight, VIL announced a partnership with Texas-headquartered AST SpaceMobile to provide D2D
Economic Times
05-06-2025
- Business
- Economic Times
I-Sec maintains Hold on Vodafone Idea, lowers target price to Rs 7
ICICI Securities has maintained a Hold call on Vodafone Idea with a revised target price of Rs 7 (Earlier Rs 8). The current market price of Vodafone Idea is Rs 6.78. Vodafone Idea Ltd., incorporated in 1995, is a Mid Cap company with a market cap of Rs 73348.23 crore, operating in Telecommunications sector. ADVERTISEMENT Vodafone Idea's key products/revenue segments include Telecommunication Services, Other Operating Revenue and Traded Goods for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 11228.30 crore, down -1.22 % from last quarter Total Income of Rs 11366.80 crore and up 5.54% from last year same quarter Total Income of Rs 10639.30 crore. The company has reported net profit after tax of Rs -7168.10 crore in the latest quarter. The company's top management includes Takkar, Ramachandran, Gupta, Windlass, Adhikari, Agrawal, Mangalam Birla, Kamath, Agarwal, Sood, Kapania, Vaswani. The company has S R Batliboi & Associates LLP as its auditors. As on 31-03-2025, the company has a total of 7,139 crore shares outstanding. Investment Rationale ADVERTISEMENT Vodafone Idea's (VIL) Q4FY25 ARPU rose 0.6% QoQ (Bharti down 0.1%, RJio +1.4%), on expected lines. However, VIL lost higher-than-expected subs, and data subs dipped marginally by 0.1mn despite initial 4G network expansion. However, Voda Idea has started accruing the benefits of network rollout with strong penetration of 5G subs and improving customer engagement (data usage), which remains critical for revenue conversion of debt of Rs 370 billion into equity provides immediate relief and also helps to increase debt funding discussion intensity with banks, which is key for network expansion. ICICI Securities cut its FY26E/FY27E EBITDA by 1% each and reduce the target price to Rs 7 (from Rs 8), based on an FY27E EV/EBITDA multiple of 15x (unchanged). The brokerage maintains HOLD. ADVERTISEMENT Promoter/FII Holdings Promoters held 38.8 per cent stake in the company as of 31-Mar-2025, while FIIs owned 10.1 per cent, DIIs 4.9 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
Time of India
05-06-2025
- Business
- Time of India
I-Sec maintains Hold on Vodafone Idea, lowers target price to Rs 7
ICICI Securities has maintained a Hold call on Vodafone Idea with a revised target price of Rs 7 (Earlier Rs 8). The current market price of Vodafone Idea is Rs 6.78. Vodafone Idea Ltd. , incorporated in 1995, is a Mid Cap company with a market cap of Rs 73348.23 crore, operating in Telecommunications sector. Vodafone Idea's key products/revenue segments include Telecommunication Services, Other Operating Revenue and Traded Goods for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 11228.30 crore, down -1.22 % from last quarter Total Income of Rs 11366.80 crore and up 5.54% from last year same quarter Total Income of Rs 10639.30 crore. The company has reported net profit after tax of Rs -7168.10 crore in the latest quarter. The company's top management includes Takkar, Ramachandran, Gupta, Windlass, Adhikari, Agrawal, Mangalam Birla, Kamath, Agarwal, Sood, Kapania, Vaswani. The company has S R Batliboi & Associates LLP as its auditors. As on 31-03-2025, the company has a total of 7,139 crore shares outstanding. Live Events Investment Rationale Vodafone Idea's (VIL) Q4FY25 ARPU rose 0.6% QoQ (Bharti down 0.1%, RJio +1.4%), on expected lines. However, VIL lost higher-than-expected subs, and data subs dipped marginally by 0.1mn despite initial 4G network expansion. However, Voda Idea has started accruing the benefits of network rollout with strong penetration of 5G subs and improving customer engagement (data usage), which remains critical for revenue growth. Government's conversion of debt of Rs 370 billion into equity provides immediate relief and also helps to increase debt funding discussion intensity with banks, which is key for network expansion. ICICI Securities cut its FY26E/FY27E EBITDA by 1% each and reduce the target price to Rs 7 (from Rs 8), based on an FY27E EV/EBITDA multiple of 15x (unchanged). The brokerage maintains HOLD. Promoter/FII Holdings Promoters held 38.8 per cent stake in the company as of 31-Mar-2025, while FIIs owned 10.1 per cent, DIIs 4.9 per cent.
Economic Times
03-06-2025
- Business
- Economic Times
Vodafone Idea share price target above Rs 12? What brokerages say
Vodafone Idea shares: The brokerage firm observed that VIL's Q4FY25 results fell short of expectations. The company also saw a loss of 1.6 million subscribers during the quarter, which was lower than the 5.1–5.2 million lost in Q2 and Q3, but slightly better than UBS's forecast of a 1.8 million decline. Tired of too many ads? Remove Ads UBS: Buy| Target price: Rs 12.10 Tired of too many ads? Remove Ads Nuvama: Hold| Target price: Rs 7.5 Macquarie: Underperform| Target price: Rs 6.50 Motilal Oswal: Sell| Target price: Rs 6.5 Tired of too many ads? Remove Ads Amid persistent concerns over subscriber erosion and a heavy debt burden, Vodafone Idea (VIL) shares have drawn the attention of several brokerage firms, with some projecting the stock could rise to as high as Rs company posted soft Q4FY25 results wherein the consolidated net loss was reported at Rs 7,166.1 crore for the quarter ended March 31, 2025 (Q4FY25), marking a 6.6% improvement from the Rs 7,674.59 crore loss reported in the same quarter last the company is not able to see any visibility on relief on its long-standing Adjusted Gross Revenue (AGR) dues, amounting to nearly Rs 30,000 this, analysts across brokerage firms have weighed in on their views about the stock. Here's what they say:The brokerage firm noted that VIL's Q4FY25 results were below their expectations. Additionally, the company lost 1.6 million subscribers in Q4 (vs a loss of 5.1-5.2 million in Q2/Q3 and UBS's estimate of 1.8 million subscriber loss in Q4). Overall, the results were slightly lower than the estimates and UBS noted that an eye needs to be kept on the fundraise updates, capex plan, 5G coverage and any potential AGR / spectrum relief to Nuvama, Vodafone Idea reported in-line Q4FY25 results, with revenue declining 0.9% quarter-on-quarter due to muted ARPU growth, partly attributed to fewer working days in the observed that while subscriber losses have moderated to pre-tariff hike levels, they still impede the company's recovery. The delay in debt funding remains a major overhang on VIL's viability. The brokerage cut its FY26E and FY27E EBITDA estimates by 7% and 4% respectively, citing further dilution from the government's equity holding. VIL is valued at 11x FY27E EV/ brokerage firm Macquarie reported that VIL posted a weak set of Q4FY25 results, missing estimates due to continued subscriber erosion and higher interest burden. VI's net subscriber base declined by 1.6 million quarter-on-quarter to approximately 198 million, while ARPU rose marginally by 0.6% to Rs noted that the company's government dues stood at around US$22.5 billion, with US$4.3 billion of spectrum dues converted to equity, leading to a 49% government shareholding. In contrast, bank and financial liabilities were lower at US$0.3 billion, and the cash balance stood at US$1.2 billion. The board has approved a Rs 200 billion (US$2.3 billion) fundraise via equity, debt, or a hybrid brokerage highlighted that the ongoing erosion in subscribers indicates persistent structural challenges, and despite the government being the largest shareholder, any further equity infusion remains uncertain. Macquarie continues to see industry-wide tailwinds from tariff hikes benefiting Bharti Airtel and Reliance Industries, which it maintains as Outperform-rated Oswal also highlighted that Vodafone Idea continues to lose market share to peers due to weaker ARPU conversion, a weaker subscriber mix, and high churn rates. The telco is planning a significant capex cycle of Rs 50,000–Rs 55,000 crore over the next two to three years to bridge the network gap with competitors. However, the brokerage noted that regaining lost subscribers will remain challenging, given rivals' stronger cash flows and deeper financial Oswal added that Vodafone Idea's network investments are heavily reliant on fresh debt funding, which itself hinges on continued AGR relief and government support, with an estimated Rs 20,000 crore annual cash shortfall projected through FY26–31. Stabilizing the subscriber base and securing further government relief are seen as crucial to the company's long-term survival.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
