India's Vodafone Idea gains after management reiterates capex expansion plans

Vodafone Idea

19/05/2026 07:52

** Shares of India's Vodafone Idea VODA.NS up 4% to 13.4 rupees, the highest since September 2024

** Telecom operator on track to accelerate capex and remains committed to 450 billion rupee ($4.67 billion) network expansion over the next 3 years, the company management said in a post-earnings call on Monday

** Birla Group, emerging dominant shareholder in VODA, increases confidence in their fund-raising by June 2026, Ambit Capital says

** Adds co's average revenue per user (ARPU) growth could lead the industry due to higher scope for featurephone-to-smartphone upgrades vs peers

** Nomura says successful bank funding critical for capex rollout, which could help arrest subscriber losses, drive ARPU growth via customer upgrades, tariff hikes

** Subscriber addition, ARPU, churn rates improving, but VODA needs more to become investible, Nuvama says

** Stock up 24% YTD

($1 = 96.3425 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru)

((aleefjahan.cs@thomsonreuters.com))