InterneTelecom
Telecom firms were not responsible for the delay in implementation of the regulations, including the DCA, the tribunal observed, adding: "Thus, it is unfair and arbitrary on the part of the respondent to impose financial disincentives on the appellants (telcos) for something which was beyond their control."
New Delhi: Leading telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi) continued their active subscriber losing streak in November, impacted by tariff hikes in July last year and churn in low-paying users, according to brokerages.
They had reached an agreement with Singapore-based Manipura Digital Infrastructure OPCO Pte Ltd for a combined value of Rs 12.1 crore in November 2023.
Earlier this month, Vodafone sold its remaining 3% stake in Indus via multiple block deals, raising around Rs 2,801.7 crore, and fully exited the Indian tower company that is now a Bharti Airtel subsidiary.
Vi, which is yet to roll out 5G services, now no longer needs to submit these bank guarantees, and the Centre’s decision now opens the space for lenders to extend much-needed credit to the struggling telco.
The Modi government’s decision to waive off bank guarantees (BGs) for deferred spectrum payments for auctions conducted from 2012 onwards is a significant relief for the telecom industry, especially for Vodafone Idea (Vi).
New Delhi: Reliance Jio, Bharti Airtel and Vodafone Idea—continued to suffer major customer losses for the third month in a row in September, even as state-run BSNL continued its addition spree, following the mobile tariffs hikes by the private telcos in early July.
During Vodafone Idea (VIL) earning call for the second quarter ended September 30, 2024, the company's CEO Akshaya Moondra said that the loss of subscribers to BSNL due to the recent tariff hike is quickly reversing because of the state-run telecom firm's "network experience".
Reliance Jio, Bharti Airtel, and Vodafone Idea suffered significant subscriber losses in August due to a sharp tariff hike in July, according to TRAI data.
Insiders said that over the past few weeks Ericsson and South Korea's Samsung were locked in a fierce duel that resulted in the Swedish vendor bagging the plum 4G/5G gear supply contract from Vi for Delhi.
Airtel's ARPU is estimated to jump 9.2% sequentially to ₹230 in the second quarter while both Jio and Vi are likely to report 6% on-quarter uptick on this key performance metric to 193 and ₹155, respectively, ICICI Securities said.
The deal is part of Vi's recently announced plans to buy $3.6 billion (read: ₹30,000 crore) of 4G and 5G gear from Nokia, Ericsson and Samsung over a three-year span to bolster its 4G operation and roll out 5G networks in key cities across its 17 priority circles.