Indian IPO Blog: Vodafone India IPO
    • Showing posts with label Vodafone India IPO. Show all posts
    Showing posts with label Vodafone India IPO. Show all posts

    Monday, December 12, 2016

    Reliance Jio effect: Vodafone may prefer delaying IPO even further

    December 12, 2016 0
    Reliance Jio effect: Vodafone may prefer delaying IPO even further

    Vodafone India, the No.2 mobile phone carrier by market share and revenue, and other players in India’s telecoms market have been clearly impacted by the entry of Reliance Jio and the crazy free deals that it comes with - seems so atleast till now

    The operating profit of Vodafone India declined 24.3% to Rs.1,798.4 crore in the half year to 30 September from Rs.2,375.98 crore in the same period during earlier year. Revenue also had witnessed a decline Rs.22,053.8 crore from Rs.22,574.59 crore

    Under the circumstances, it seems highly unlikely that the company may muster the courage to come up in limelight and go ahead with the IPO anytime soon

    Earlier, the chief executive of Vodafone had said “Competition in India has increased in the year, reducing revenue growth and profitability. We have responded to this changing competitive environment by strengthening our data and voice commercial offers and by focusing our participation in the recent spectrum auction on acquiring frequencies in the more successful and profitable areas of the country.”
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    Sunday, August 28, 2016

    Vodafone IPO delayed

    August 28, 2016 0
    Vodafone IPO delayed
    The IPO of Vodafone Group PLC's Indian unit is expected to be delayed now. The filing, previously expected in September or October, is being delayed because apparently Vodafone wants to wait for new rival Reliance Industries to launch its telecoms services, IFR, a Thomson Reuters publication, cited a source as saying.

    Vodafone Group PLC is a British multinational telecommunications company, with headquarters in London. Among mobile operator groups globally, Vodafone ranked fifth by revenue and second (behind China Mobile) in the number of connections (435.9 million) as of 2014

    Vodafone owns and operates networks in 26 countries and has partner networks in over 50 additional countries.Its Vodafone Global Enterprise division provides telecommunications and IT services to corporate clients in 150 countries

    Vodafone has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It had a market capitalisation of approximately £89.1 billion as of 6 July 2012, the third-largest of any company listed on the London Stock Exchange. It has a secondary listing on NASDAQ
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    Sunday, February 12, 2012

    Vodafone IPO under consideration

    February 12, 2012 0
    Vodafone IPO under consideration
    Vodafone India, the local arm of global telecom major Vodafone PLC, is eyeing an Indian listing, said Analjit Singh, the non-executive chairman of the company.

    "It is a thought under consideration," he said, while adding that a final decision is yet to be taken. "In the next three to six months, things will become clearer.'' he added


    The Vodafone Group entered India in 2007, after buying out Hutchison's 67 per cent stake in its telecom venture with Essar for USD 11.2 billion. Stay tuned to Indian IPO Blog for more on Vodafone IPO!
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