Nokia sells stake in Vi, raises Rs 785.67 crore

Nokia sells stake in Vi, raises Rs 785.67 crore

Nokia Solutions and Networks India divested its 0.95% stake in Vodafone Idea (Vi) through a bulk deal, raising Rs 785.67 crore. Goldman Sachs (Singapore) Pte was a major buyer, acquiring a 0.55% stake. This sale follows Vi's allotment of shares to Nokia last year to clear dues, and the government's recent conversion of debt into equity, diluting Nokia's holding.

Nokia Solutions Offloads Nearly 1% Stake In Vodafone Idea For Rs 786 Crore

Nokia Solutions and Networks India Pvt. on Friday divested about 1% equity stake in Vodafone Idea Ltd., while Goldman Sachs picked up a 0.55% holding in telecom firm.The network solutions provider's offloaded the stake in the debt-laden Aditya Birla Group company for about Rs 786 crore through an open market transaction.According to NSE’s bulk deal data, Nokia Solutions and Networks India sold 102.70 crore shares, or a 0.95% stake in Vodafone Id…

Stock to watch: Vodafone Idea shares in focus on Monday after Goldman Sachs buys stake from Nokia

Source: Live Mint Nokia Solutions and Networks India on Friday divested nearly 1 per cent stake in debt-saddled telecom operator Vodafone Idea for ₹786 crore through an open market transaction. According to the bulk deal data on the NSE, Nokia Solutions and Networks India sold 102.70 crore shares, amounting to a 0.95 per cent stake in Vodafone Idea. The shares were sold at an average price of ₹7.65 apiece, taking the aggregate value to ₹785.67…

Cisco & Vodafone Idea to Boost 4G and 5G Services, Enhancing Speed & Reliability for Customers

Vodafone Idea (Vi) has announced its partnership with Cisco to transform its network infrastructure significantly enhancing agility, efficiency, and scalability, all while elevating the user experience for customers across India.…

Vodafone Idea turns to Cisco for MPLS upgrade

India operator Vodafone Idea (Vi) selected Cisco to deploy its latest MPLS transport equipment to integrate the operator’s 4G and 5G backhaul network. Vi CTO Jagbir Singh explained the transport infrastructure upgrade will enable it to automate critical network functions, optimise traffic management and adapt to changing market demands. The operator claimed the collaboration will increase the reliability and robustness of its network infrastruct…

Vodafone Idea, Cisco Join Forces to Upgrade 4G and 5G Networks

Vodafone Idea (Vi) has announced a partnership with Cisco to enhance its 4G and 5G network capabilities across India. The collaboration aims to improve network agility, scalability, and reliability, thereby supporting the growing data demands of consumers and businesses. The partnership involves the deployment of a Multiprotocol Label Switching (MPLS)-based transport network powered by Cisco’s IP/MPLS solutions. This integration is designed to s…