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Idea Cellular approves capital increase ahead of Vodafone merger

2018-01-04 10:03:00| Telecompaper Headlines

(Telecompaper) Indian operator Idea Cellular has approved plans to raise up to INR 67.5 billion in the sale of new shares, in order to strengthen its capital position ahead of completing its planned merger with Vodafone India. The company will sell INR 32.5 billion in shares to its controlling shareholder the Aditya Birla Group at a small discount of INR 99.5 per share, and sell the remaining shares to institutional investors or through a rights issue. The plans mean ABG will receive a slightly higher stake in the merged group with Vodafone.

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Idea Cellular to raise $1.1 billion in equity ahead of Vodafone India merger

2018-01-04 01:00:00| Total Telecom industry news

India's Idea Cellular plans to raise an additional $1.1 billion in equity in the run up to its proposed merger with Vodafone India. A total of $425 million will be made through a preferential allotment to the Aditya Birla Group…read more on TotalTele.com »

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Vodafone, Ericsson and Kings College conduct successful UK 5G tests

2018-01-02 01:00:00| Total Telecom industry news

Vodafone UK and Ericsson have partnered with Kings College London to showcase the first standalone pre-standard 5G demonstration in a 3.5GHz spectrum field test. The test took place in central London, and was the first instance of 5G testing working independently from existing 4G Network technologies anywhere in the UK…read more on TotalTele.com »

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Italy fines TIM, Wind Tre, Vodafone and Fastweb EUR 1.16 mln each for 28-day bills

2017-12-21 08:57:00| Telecompaper Headlines

(Telecompaper) Italian communications regulator Agcom has fined the operators Telecom Italia (TIM), Wind Tre, Vodafone and Fastweb a total of EUR 1.16 million each for calculating fixed line invoices on the basis of a 28-day period and overcharging customers over 12 months. In a statement, the watchdog said it had decided to apply the maximum fine provided by law for failure to comply with its order to abolish 28-day fixed-line telephony and convergent bills with a view to "ensuring maximum transparency and comparability of current prices, as well as control of consumption and spending by means of a standard (monthly) unit of reference."

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Vodafone Group names global IoT director

2017-12-19 09:27:00| Telecompaper Headlines

(Telecompaper) Vodafone Group announced the appointment of Stefano Gastaut as Global Director Internet of Things from 01 January 2018. Gastaut comes from Vodafone Egypt, where he has served as CEO since September 2016. Prior to that he was Vodafone CEO Partner Markets. He first joined Vodafone in 2004.

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