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21.05.25 - 11:54
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India gearing up for ′fastest in the world′ satcom roll out, says telecom minister Scindia (Times of India)
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India is poised for the world's fastest satellite-based communication rollout, driven by government's satcom policy advancements. Following TRAI's spectrum allocation recommendations, multiple firms have applied for licenses, potentially boosting the sector from $2.3 billion to $20 billion by 2028. Satellite internet access will soon be available nationwide, bridging the digital divide in underserved regions....
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10.12.24 - 05:15
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India′s Vodafone Idea gains on $234 mln share issue plan (Reuters EN)
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BUZZ-India's Vodafone Idea gains on $234 mln share issue plan ** Shares of Vodafone Idea VODA.NS climb as much as 2.6% to 8.30 rupees; last up ~1% ** Telecom firm will raise up to 19.80 bln rupees ($234 mln) via issue of preferential shares to entities of UK-based parent Vodafone Group VOD.L ** Co did not specify details about plans to use the fund...
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05.12.24 - 07:20
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India′s Vodafone Idea falls after Vodafone Group plans to sells entire stake in Indus Towers (Reuters EN)
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BUZZ-India's Vodafone Idea falls after Vodafone Group plans to sells entire stake in Indus Towers ** Shares of Vodafone Idea VODA.NS fall 3% to 8.2 rupees ** VODA's UK-based stakeholder Vodafone Group VOD.L said it will sell remaining 3% stake in Indian telecom infrastructure developer Indus Towers INUS.NS ** Proceeds from share sale to be used to repay VODA's outstanding borrowings to lenders ** Separately, VODA said it will consider fundraise worth up to 20 bln rupees ($236.1 mln) to one or mo...
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04.12.24 - 12:03
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UK′s Vodafone to sell remaining 3% stake in India′s Indus Towers (Reuters EN)
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UPDATE 1-UK's Vodafone to sell remaining 3% stake in India's Indus Towers Adds details of sale in paragraphs 2 and 3 Dec 4 (Reuters) - Vodafone Group VOD.L will sell its remaining 3% stake in Indian telecom infrastructure developer Indus Towers INUS.NS , the British telecom group said on Wednesday. The British firm said it has launched a placing of its remaining 79.2 million shares in Indus Towers through an accelerated book build offering....
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