Vodafone Idea, one of India’s top telecom operators, said it is currently assessing “the amount that it will be able to pay to DoT” as directed by the Supreme Court. The company has total liabilities in excess of Rs 50,000 cr on this account. However, Vodafone Idea does not enough resources to pay the amount […]
Even as shares of Vodafone Idea tanked 17% over fears that the company may shut down or file for bankruptcy, the latest numbers posted by the company show that it continues to invest in its network. The correction in the stock price followed a renewed warning yesterday that the company may not be able to […]
Bharti Airtel, the former No.1 telecom operator in India, said it is keen on having a second round of price increases in the year starting April, but can do it only if the rest of the industry follows suit. Airtel said it needs to get more money from its customers to ensure that its investors […]
Telecom regulator TRAI is unlikely to recommend floor pricing for voice and data services in India due to ideological as well as practical reasons, according to industry officials. The telecom regulator today came out with a consultation paper saying it wants to broad-base the discussion on setting minimum price for data and voice. At present, […]
On Tuesday night, Reliance Jio — the telecom operator that has made wireless data accessible to crores of Indians for the first time — said it would adopt ‘appropriate increases’ in tariffs over the next few weeks to help generate enough money to fund investments. The comment came in the wake of similar statements by […]
Following Vodafone Idea and Bharti Airtel, Reliance Jio too has announced that it will increase tariffs over the next few weeks. “We will..take measures including appropriate increase in tariffs in next few weeks in a manner that does not adversely impact data consumption or growth in digital adoption and sustains investments,” the company said a […]
Vodafone Idea, the country’s largest telecom service provider by active subscribers, has issued an appeal on social media urging its partners and customers not to get taken in by ‘fake news’. “Don’t believe fake news. Vodafone Idea Ltd remains committed to all its partners and customers,” the company said in a message posted on its […]
Hours after Vodafone Idea announced that it would increase tariffs from next month to tide over acute financial stress, rival Bharti Airtel announced it would follow suit. The two companies have traditionally kept their prices in sync. The move comes in the wake of an unexpected Supreme Court judgment that directed these companies to shell […]
Ravider Takkar, CEO of telecom operator Vodafone Idea, today said the government has been very supportive of his company’s requests for providing some kind of relief for the telecom sector to help it tide over a liquidity crunch. Earlier this month, the Supreme Court ruled that the revenue share payable to the government by telecom […]
Vodafone Idea, one of the top three telecom players in the country, warned that it will be able to continue as ‘a going concern’ only if it is able to obtain relief from the government. Going concern refers to a company that has the ability to continue to operate and does not face the threat […]
Reliance Jio, India’s largest telecom operator by volume of traffic carried, has opposed any ‘bailout package’ for Bharti Airtel and Vodafone Idea, claiming that the two companies have enough assets to pay the back taxes and other dues reinstated by the Supreme Court last week. Instead, Reliance Jio said the government should look at implementing […]
Reliance Jio, India’s largest telecom operator by revenue, said it has decided to charge 6 paise per minute for calls made to other operators like Bharti Airtel and Vodafone Idea due to TRAI’s decision to possibly continue with the six-paise-per-minute termination charge. TRAI had, two years ago, announced that the ‘termination charge’, paid by one […]
Even as Vodafone Idea announce big initiatives to expand their network and increase 4G speeds, new data released by telecom regulator TRAI shows that the telco has been left far, far behind by rivals Bharti Airtel and Reliance Jio in 4G expansion over the last one year. While both Bharti Airtel and Vodafone Idea started […]
Vodafone Idea, the biggest telecom operator in Kerala, has started rolling out its faster, integrated 4G service in the state, beginning with Kochi. Back in July, the company had put up posters in recharge outlets in the state promising that a faster, more powerful 4G service will be launched in August. However, the company has […]
Reliance Jio, the start-up telecom operator, will become 70% bigger than current market leaders Vodafone Idea and Bharti Airtel in India in three years, India Ratings said. By FY22, Reliance Jio will have cornered 43.2% of the Indian telecom revenues, while Vodafone Idea and Bharti Airtel will have to be content with 25.4% each, the […]
Bharti Airtel, one of the top three telecom companies in India, said it plans to shut down its 3G network across India over the next six months. “We intend to shut down 3G services by december,” said CEO Gopal Vittal today, speaking to investors. The company has already shut down the 3G network in Kolkata, […]
Vodafone Idea officials admitted that the outflow of customers from the network after the company started blocking incoming calls of low-use customers has been more than what they had expected. “The churn has been higher than what we thought it will be,” CEO Balesh Sharma said in Monday. Sharma also admitted that the company is […]
Vodafone Idea CEO Balesh Sharma today said the company had managed to increase the speeds of its 4G networks by 50-70% in around half of its circles where it has merged Idea and Vodafone networks together. However, said Sharma, the market is yet to fully appreciate the improvement in speeds because of the experience that […]
When Vodafone Idea and Bharti Airtel started cutting off the incoming call facility of low-spending customers around 4-5 months ago, the idea was to force these customers to stop using one of the SIM cards for incoming only. The idea was that if customers are forced to recharge their legacy numbers once every month for […]
Brickwork Ratings has downgraded the credit rating of India’s largest telecom operator by subscribers, Vodafone Idea, due to the sharp shrinkage seen in the company’s user base in the last six months. The company’s subscriber base has fallen by a whopping 21% between September last year and March this year, going from 42.23 cr (422 […]
