Vodafone Thought shares have plunged 25.19 per cent year-to-date (YTD), however have surged 7 per cent up to now 6 months.

Money-strapped Vodafone Thought, from its Rs 18,000 crore FPO, goals to spice up present 4G websites, and arrange new 4G websites and 5G websites. Vodafone Thought may also use the funds to repay sure deferred funds for spectrum to the DoT and the GST thereon.

Vodafone Thought may also be rolling out 5G providers after its FPO funding, stated Akshaya Moondra, chief government officer on Monday, April 15, throughout FPO press convention. He additional stated that the telco is provided with a 5G-ready radio structure.

When it comes to key efficiency indicators, Vodafone Thought is struggling to maintain up with Bharti Airtel and Reliance Jio. The corporate’s subscriber market share is merely 18.8 per cent as in comparison with 36 per cent and 45.5 per cent for Airtel and Jio, respectively.

Vodafone Thought is the third largest telecommunications service supplier in India primarily based on subscriber base. The corporate, by means of its pan India community, presents voice, knowledge, enterprise and different value-added providers, together with quick messaging providers and digital providers throughout 2G, 3G and 4G applied sciences. 

Vodafone Thought additionally presents connectivity providers to enterprise prospects. The corporate holds lively licences for nationwide lengthy distance (NLD), worldwide lengthy distance (ILD) and web service supplier (ISP), and registration for infrastructure supplier (IP-1) providers

As of 10:11 am, shares of Vodafone Thought have been buying and selling 2.89 per cent decrease at Rs 12.78 apiece.

First Printed: Apr 16 2024 | 11:03 AM IST