![\"<p>A](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n
<\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-authors="[" nishant kumar"]" data-category-name="" data-category_id="" data-date="2019-03-20" data-index="article_1">
酒店员工清理表沃达丰集团和想法后细胞在孟买的新闻发布会上,2017年3月20日。乐动扑克路透/丹麦西迪基/文件
新德里:在Bharti Airtel,沃达丰(Vodafone)想法还宣布增发筹集一些25000卢比的激烈的竞争。
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
A hotel employee clears a table after Vodafone Group and Idea Cellular news conference in Mumbai, March 20, 2017. REUTERS\/Danish Siddiqui\/Files<\/span><\/figcaption><\/figure> NEW DELHI: After Bharti Airtel<\/a>, Vodafone<\/a> Idea has also announced a rights issue to raise some Rs 25,000 crore to take on the stiff competition.
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
董事会印度最大的用户基础电信运营商沃达丰的想法,周三批准了配股计划。据说筹集资金的目的是为了加强公司的全国4 g覆盖和战斗Bharti Airtel和依赖JioInfocomm。
乍一看,它看起来一大笔,能够提高公司的融资在很大程度上,帮助它削减债务约15 - 16美元,扩大企业在面对激烈的竞争。
但如何有效的将这融资是公司吗?将这融资意味着结束的问题还是生命线未来几年?
沃达丰的想法也可能筹集大约20000卢比的拟议中的移动印度塔塔公司和股权出售光纤资产的盈利。加上25000卢比的配股发行将是一个相当大的公司削减债务基金。
分析师表示,此举是为公司积极考虑杠杆是相对较高的事实行业,不仅需要投资服务的质量,但也准备为未来的技术,包括5克。
“股权注入是重要的和必要的,因为它发出一个非常明确的信号的发起人的意图和严重性,”Rajan马修斯说,印度手机运营商协会总干事(COAI)。
——公司主管Nitin索尼惠誉国际评级(Fitch Ratings)表示,此举是在正确的方向上迈出的一步。“息税前利润却持续的下降,他们对650 - 700年Ebitda的巩固基础。所以这对他们来说是一个必要的配股发行,以减少债务,”他说。
“我们的行业前景是稳定的,我们认为从这里每用户平均收入水平会上升,”他补充道。
分析师指出,权利的问题是在一个大大提供低的价格当股票的当前市场价格已经明显低2 - 3年前。股票现在可以在一个历史低点附近。
正常情况下,配股的定价低于当前市场价格。“考虑到行业的压力和财力需要保持竞争力,该公司可能会对投资者的吸引力。另一个原因可能是为了避免收购剩余股份由发起人集团。总的来说,这是一个很好的投资机会对长期投资者来说,“选择的高级研究分析师Rajnath Yadav说经纪。
担忧一个折扣在这个问题上不构成严重风险,目标投资创始人Sameer卡尔拉说。“发行价格将会更便宜,因为它甚至在Bharti Airtel的情况下。Rs的面值10是好参数,”他指出。
“更重要的是这些公司是确保他们的债务水平保持控制,他们有资本加强、扩大自己的业务,”他说。
The board of India’s largest telecom operator by subscriber base, Vodafone Idea, approved the rights issue plan on Wednesday. It said the fund raising is aimed at strengthening the company’s countrywide 4G coverage and fighting competition from Bharti Airtel and Reliance Jio<\/a> Infocomm.
At first glance, it looks a large sum, capable of boosting the company's finance to a large extent, help it pare debt of around $15-16 billion and expand the business in the face of cut-throat competition.
But how effective will this fund raising be for the company? Will this fund raising mean end of the problem or just a lifeline for the next few years?
Vodafone Idea is also likely to raise about Rs 20,000 crore from its proposed stake sale in mobile tower firm Indus Tower and monetisation of optical fibre assets. This, along with the Rs 25,000 crore from the rights issue will be a substantial fund for the company to pare debt.
Analysts said the move is positive for the company, considering the fact that leverage is relatively high for the industry<\/a>, which not only needs to invest in the quality of services but also prepare for future technologies, including 5G.
“Equity infusion is important and necessary, because it sends out a very clear signal in terms of the intent and seriousness of the promoters,” said Rajan Mathews, Director General of Cellular Operators Association of India (COAI).
Nitin Soni, Director- Corporates at Fitch Ratings<\/a>, said the move is a step in the right direction. “Their Ebitda has declined persistently and they have about $650-700 million of annualised Ebitda on a consolidated basis. So it was a necessity for them to do this rights issue to reduce debt,” he said.
\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,” he added.
Analysts pointed out that the rights issue is being offered at a substantially lower price when the current market price of the stock is already significantly low against what it was two-three years ago. The stock is now available near an all-time low.
Normally, a rights issue is priced at a discount to the current market price. “Considering the prevailing stress in the sector and the need for financial muscle to remain competitive, the company might have made it attractive for investors. Another reason could be to avoid purchase of residual shares by the promoter group. Overall, it is a good investment opportunity for long-term investors,” said Rajnath Yadav, Senior Research Analyst of Choice Broking.
The concern over a discount on the issue does not pose a serious risk, said Sameer Kalra, Founder at Target Investing. “The issue price will be cheaper as it was even in the case of Bharti Airtel. The face value of Rs 10 is on good parameters,\" he pointed out.
\"What is more important for these companies is to ensure that their debt levels remain under control and they have the capital to strengthen and expand their businesses,” he said.
\n\n
<\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n\n\n <\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/h4><\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>Voda Idea board okays Rs 25,000 crore rights issue<\/a><\/h5><\/div><\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>DoT floats cabinet note on Voda Idea's FDI proposal ahead of Rs 25,000 cr rights issue<\/a><\/h5><\/div><\/a><\/figure>Voda Idea surges over 8% on Rs 2,113 crore DoT refund<\/a><\/h5><\/div><\/div><\/div>\n\n\n\n
<\/body>","next_sibling":[{"msid":68496281,"title":"Xiaomi weathers China smartphone slowdown but growth worries hit shares","entity_type":"ARTICLE","link":"\/news\/xiaomi-weathers-china-smartphone-slowdown-but-growth-worries-hit-shares\/68496281","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"68496644","title":"Capture","entity_type":"IMAGES","seopath":"markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture","category_name":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"\"Our outlook for the sector is stable and we think average revenue per user levels will rise from here on,\u201d he added.","thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-521044\/68496644.cms?width=150&height=112","link":"\/image\/markets\/stocks\/news\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors\/capture\/68496644"}],"msid":68496975,"entity_type":"ARTICLE","title":"Vodafone Idea rights issue: Analysts say mouth-watering deal for investors","synopsis":"The board of Vodafone Idea approved the rights issue plan on Wednesday.","titleseo":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors","status":"ACTIVE","authors":[{"author_name":"Nishant Kumar","author_link":"\/author\/479249258\/nishant-kumar","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/479249258.cms?width=250&height=250","author_additional":{"thumbsize":false,"msid":479249258,"author_name":"Nishant Kumar","author_seo_name":"nishant-kumar","designation":"Copy Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"ETMarkets.com","artdate":"2019-03-20 15:14:26","lastupd":"2019-03-20 15:14:26","breadcrumbTags":["vodaphone idea","Vodafone","Fitch Ratings","Jio","stock news","Industry","Markets news","bharti airtel"],"secinfo":{"seolocation":"telecomnews\/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors"}}" data-news_link="//www.iser-br.com/news/vodafone-idea-rights-issue-analysts-say-mouth-watering-deal-for-investors/68496975">
<\/a><\/figure>
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