Reliance Jio has become the largest telecom player with 36.9 crore mobile subscribers in November 2019, according to the data published by telecom regulator Trai on Thursday. Vodafone Idea reported a total mobile subscriber base of 33.62 crore and Bharti Airtel at 32.73 crore customers for November 2019.
Debt-ridden telecom firm Vodafone Idea on Thursday said it is exploring further options, including filing of a curative petition after the Supreme Court dismissed its review plea on AGR matter.
The Supreme Court Thursday dismissed the plea of Telecom majors, including Bharti Airtel and Vodafone Idea, seeking review of certain directions of the Supreme Court on recovery of past dues amounting to Rs 1.47 lakh crore from telecom service providers.
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Reliance Jio added over 91 lakh new subscribers in October, taking its total subscriber base to 36.43 crore, according to data released by the Telecom Regulatory Authority of India (TRAI). Interestingly, this increase in the number of subscribers for Jio comes although in the same month it announced to charge calls to other operators.
Vodafone Idea's mobile consumer base declined by around 3.63 crore to 33.63 crore in November, according to a source. The telecom operator had reported an increase of 1.89 lakh mobile customers on its network in October.
The areas where the cellular services have been asked to stop include north and central Delhi. Mandi House, Jamia Nagar, Shaheen bagh, Seelampur, Jafrabad and Bawana are other areas where mobile services have been asked to clamp down.
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While telecom operators requested for minimum price for mobile data only, the regulator has also sought public comments on fixing minimum price for phone calls by January 17 and counter comments by January 31.
According to the data shared, highest financial disincentive of Rs 1.76 crore has been imposed on Vodafone Idea, which includes Rs 1.11 crore on account of call drop in Vodafone network and Rs 65 lakh on Idea, while minimum penalty of Rs 6.5 lakh was levied on Reliance Jio.
Vodafone Idea may raise over USD 2.5 billion from asset sales ahead of a January deadline to pay statutory dues. The company is said to be in talks to sell its optic fibre business to Brookfield Asset Management Inc and its datacentre to the Edelweiss Group.
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Vodafone-Idea may shut down soon. It is not a speculation. Vodafone Idea Limited Chairman Kumar Mangalam Birla has himself admitted to the plunging fortunes of the company. Birla on Friday said Vodafone Idea Ltd would shut down if the government does not provide relief on the liability it faces in past statutory dues following a Supreme Court order.
Vodafone Idea's shares fell over 5 percent on Friday, spooked by its Chairman Kumar Mangalam Birla's statement that the telecom operator "will have to shut shop" if the government does not provide any relief.
Vodafone Idea shares crashed about 9 per cent on Friday, spooked by company's chairman Kumar Mangalam Birla statement that the teleco "will have to shut shop" in the absence of government relief. Its stock was trading 8.89 per cent lower at Rs 6.66 apiece on the BSE.
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