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 ...
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, 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.
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. ... 2023, Firefly contributed 0.0065% to Bharti Airtel’s consolidated turnover and 0.0007% to the ...
Bharti Airtel, Vi exit Firefly Networks, sell stake for ₹9 crore
2 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. FireFly Networks Limited is a 50-50 joint venture between Vodafone Idea and Bharti Airtel Limited.
Airtel, Vi sell entire stake in Wi-Fi JV Firefly to iBus for Rs 9 crore
3 days ago · 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 Agreement with iBus Network and Infrastructure Private Limited for transfer of Company's entire stake (50 per cent) in Firefly Networks Limited," Airtel said in a filing.
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.
Bharti Airtel Sells Stake in Firefly Networks to iBus
3 days ago · Bharti Airtel has sold its entire 50% stake in Firefly Networks to iBus Network and Infrastructure for Rs 4.5 crore. Firefly Networks specializes in Wi-Fi infrastructure management. iBus, known for in-building telecom solutions, will finalize the purchase within 30 business days.
Firefly Networks, A Wi-Fi JV of Airtel & Vodafone Idea (Vi) Sold …
5 hours ago · Stake Sale: Both Airtel and Vodafone Idea sold their 50% stakes in Firefly Networks for ₹4.5 crore each. Firefly Networks: Firefly Networks was a joint venture between Bharti Airtel and Vodafone Idea (Vi), established in 2014 to provide high-speed Wi-Fi infrastructure across India. The JV was setup to counter Reliance Jio.
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