Vodafone Idea Shares up 9%. Know Key Details

Shares of Vodafone Idea Ltd (VIL) surged by 8.73% on March 19 to hit a high of ₹7.72 apiece. The counter has been grabbing eyeballs for two key reasons. First, the telecom operator is apparently involved in talks with Elon Musk-led Starlink and some other satellite communication (satcom) providers. BSE and NSE have sought clarification from the telecom provider.

The telco stated in a BSE filing, “The Exchange has sought clarification from Vodafone Idea Ltd on March 19, 2025, with reference to news dated March 19, 2025, quoting 'Vodafone Idea in talks with Starlink & other satcom providers: CTO'. The reply is awaited.”

Secondly, VIL has launched 5G services in Mumbai. “With this rollout, Voda Idea is set to enhance mobile experience with widespread coverage at competitive pricing. Voda Idea's 5G services will be available in the city, starting today, powered by its competitive spectrum holding and significant investment in next-generation infrastructure. The company is committed to delivering enhanced capacity, superior performance, and reliability,” it said in a separate filing.

During the December quarter, the telecom operator reported a consolidated net loss of ₹6,609.3 crore, compared to a net loss of ₹6,986.7 crore in the year-ago period.

VIL was formed in 2018 when Vodafone Group Plc merged its India business with Idea Cellular. As of January 9, 2025, promoters hold 38.80% stake in the telecom operator.