Airtel, Vodafone Idea sell entire Firefly networks stake to iBus
13 hours ago · Bharti Airtel and Vodafone Idea have sold their entire respective stakes in their joint venture Firefly Networks, a Wi-Fi infrastructure company, to iBus Network and Infrastructure for Rs 9 Crore.
Airtel, Vodafone Idea sell Firefly Networks in India - DCD
14 hours ago · Last year, Firefly contributed 0.0065 percent to Airtel’s turnover for the full year, while Vi noted an INR55 million ($640,250) loss during the same period. Firefly manages and monetizes WiFi hotspots and provides WiFi infrastructure to a range of clients including educational institutes, hospitals, malls, cafes, public hangouts and markets ...
Bharti Airtel, Vodafone Idea sell entire stake in Wi-Fi JV to iBUS for ...
2 days ago · Vodafone Idea: Firefly’s contribution to Airtel’s turnover and net worth in fiscal 2024 stood at 0.0065% and 0.0007%, respectively. The Wi-Fi infrastructure company contributed Rs 5.5 crore to ...
Airtel, Vi sell entire stake in Wi-Fi JV Firefly to iBus for Rs 9 crore
3 days ago · Telecom operators Bharti Airtel and Vodafone Idea have sold their entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure for Rs 9 crore, the telcos said in separate regulatory filings on Monday. FireFly Networks Limited is a 50-50 joint venture between Vodafone Idea and Bharti Airtel Limited.
Airtel, Voda Idea sell entire stake in Wi-Fi JV Firefly to iBus for Rs ...
3 days ago · Telecom operators Bharti Airtel and Vodafone Idea have sold their entire stake in Wi-Fi infrastructure company Firefly Networks to iBus Network and Infrastructure for Rs 9 crore, the telcos said in separate regulatory filings on Monday. FireFly Networks Limited is a 50-50 joint venture between Vodafone Idea and Bharti Airtel Limited. "Bharti Airtel Limited has entered into a Share Purchase ...
Bharti Airtel to sell entire 50% stake in Firefly Networks
3 days ago · The deal, valued at ₹45 million, is expected to close within 30 business days, subject to the fulfilment of closing conditions. Firefly Networks, a joint venture between Bharti Airtel and Vodafone Idea, contributed a negligible 0.0065% to Airtel’s consolidated turnover and 0.0007% to its net worth in FY24.
Bharti Airtel to offload entire 50% stake in Firefly Networks
2 days ago · Firefly Networks, a joint venture between Bharti Airtel and Vodafone Idea, contributed only 0.0065% of Airtel’s consolidated revenue and 0.0007% of its net worth in FY24.
Airtel, Vodafone Idea exit Wi-Fi JV Firefly Networks
3 days ago · Bharti Airtel and Vodafone Idea have agreed to sell their stakes in Firefly Networks to iBus Network and Infrastructure for Rs 4.5 crore each. This transaction ends the joint-venture started in 2014 and is expected to be finalised within 30 days. ... Firefly contributed 0.0065% to Bharti Airtel’s consolidated turnover and 0.0007% to the ...
Airtel and Vodafone Idea sell Firefly JV to iBus for US$1.04m
2 days ago · Airtel and Vodafone Idea formed Firefly in 2015, but have been looking to sell the firm since 2023. According to the report, Firefly contributed just 0.0065% to Airtel’s turnover in FY 2024, whilst also contributing INR55 million to Vodafone Idea’s losses in the same fiscal year. ... Keep up-to-date with all the latest news, articles, event ...
Vodafone Idea to sell entire stake in Firefly Networks for
3 days ago · Firefly Networks is a joint venture with Bharti Airtel Ltd. Vodafone will sell its 50% stake to iBUS Network and Infrastructure Private Ltd. Shares of Vodafone Idea Ltd ended at ₹7.88, down by ₹0.39, or 4.72%, on the BSE. ... Home Market News Stocks News Vodafone Idea to sell entire stake in Firefly Networks for ₹4.5 crore; ...
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