Reliance Jio's newly launched postpaid plans indicate a shift to higher earnings and lowering of intensive competition in the telecom space, India Ratings and Research said in a report on Friday.
Telecom regulator Trai has decided to drop proceedings against Vodafone Idea Ltd (VIL) in priority plan matter after the telco withdrew contentious claims on faster speed and modified its offering.
After UK telecom major Vodafone Group won an international arbitration against India, the central government has been asked to pay only Rs 40 crores and not Rs 20,000 crores to the telecom giant.
UK telecom major Vodafone Group Plc on Friday won an international arbitration against India over retrospective tax demand of ₹20,000 crore.
Vodafone Idea Ltd (VIL) and Airtel lost about 48.2 lakh and 11.3 lakh users, respectively, in June, even as rival Reliance Jio added nearly 45 lakh customers strengthening its hold in the mobile telephony market, Trai's subscriber tally for the month showed.
After Jio unveiled new postpaid plans with loads of benefits such as free Netflix, Amazon Prime, Disney Hotstar subscription among other benefits, the shares of telecom majors Bharti Airtel and Vodafone Idea Ltd (VIL) were under pressure on Wednesday.
New Vi prepaid plans come with a year's premium access to ZEE5 video-streaming service. Read on to know more about it
The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, while Jio and Airtel are expected to strengthen their market shares through subscriber gains, Fitch Ratings has said. It further said another tariff hike of at least 20 per cent is probable in the next 12 months.
Vodafone Idea launched “Vi”, a new unified brand identity in India which will bet big on digital to attract customers and stem exits to rivals Bharti Airtel and Reliance Jio. Vodafone Idea, now VI, is renewing its focus after the AGR verdict a few days ago.
Trai grants Voda Idea time till Sep 8 to respond to priority plan show-cause notice New Delhi, Sept 6 (PTI) Telecom regulator Trai has granted additional time, till September 8, to Vodafone Idea to reply to its show-cause notice on priority plan, after the company sought more time to respond. The Telecom Regulatory Authority of India (Trai) last month had slapped a show-cause notice on Vodafone Idea Ltd (VIL) over its pay-more-for-priority treatment mobile plan, saying the tariff offer "lacks transparency" and is "misleading" and not in compliance with the regulatory framework.
Vodafone recently introduced the Rs. 46 voucher in the Kerala circle that includes 100 Vodafone-to-Vodafone night minutes that are valid between 11 pm to 6 am
Shares of Vodafone Idea on Thursday zoomed nearly 30 per cent ahead of its board meeting on Friday to consider fund raising through various means. The stock jumped 26.74 per cent to close at Rs 12.56 on the BSE. During the day, it zoomed 29.96 pc.
The Vodafone Idea's stake-sale talks were paused because the outcome of a Supreme Court hearing on staggered payments of government dues was uncertain and could have threatened Vodafone Idea's survival.
Shares of Vodafone Idea tumbled nearly 13 per cent, while those of Bharti Airtel rose more than 6 per cent after the Supreme Court granted 10 years to telecom firms for paying the AGR-related dues to the Department of Telecommunications with certain conditions.
Bharti Airtel had named Huawei as its partner for 5G trials in Bengaluru and ZTE in Kolkata. Applications of both Airtel and Vodafone Idea had named Nokia and Ericsson as partners too.
Responding to questions raised by the Telecom Regulatory Authority of India (Trai) over the priority plan, Vodafone Idea argued that a new tariff plan is not a new service.
Motorola on Friday announced that its first-ever clamshell-style foldable smartphone Razr will now support eSIM services provided by Vodafone Idea in India.
Vodafone Idea Ltd on Thursday reported widening of net loss to Rs 25,460 crore in the June quarter after it made additional provisioning to pay past statutory dues, and said its ability to continue as going concern hinges on the Supreme Court allowing more time to pay dues.
TRAI has shot off additional "technical" queries to both Airtel and Vodafone Idea and asked them to explain their stand on August 4, a source said.