Mr.Bhat
EntMnt Contributor
Vodafone Idea Limited (VIL) on Monday announced that from next month it will increase mobile tariffs, in light of the acute financial stress in the telecom sector. To recall, the Supreme Court late last month upheld a DoT demand that telcos clear their adjusted gross revenue (AGR) dues, a share of which has to be paid as licence and spectrum fee to exchequer. Following the order, both Bharti Airtel and Vodafone Idea last posted massive net losses while provisioning the payments of these dues.
In its press statement, Vodafone Idea said new, higher tariffs will go into effect from December 1, 2019. So far, the telco has not revealed by how much tariff prices will be raised. The company also reiterated "its commitment to play its due role in realising the vision of Digital India by continuing to provide seamless mobile services to customers across India." To recall, quashing rumours of its exit from the Indian market, Vodafone Idea CEO Ravinder Takkar last week said the government is clear that there would be no duopoly and it is in the process of filing a review petition.
"Mobile data charges in India are by far the cheapest in the world even as the demand for mobile data services continue to grow rapidly...The acute financial stress in the telecom sector has been acknowledged by all stakeholders and a high level Committee of Secretaries (CoS) headed by the Cabinet Secretary is looking into providing appropriate relief," the Vodafone Idea press statement reads.
Full details > Here
In its press statement, Vodafone Idea said new, higher tariffs will go into effect from December 1, 2019. So far, the telco has not revealed by how much tariff prices will be raised. The company also reiterated "its commitment to play its due role in realising the vision of Digital India by continuing to provide seamless mobile services to customers across India." To recall, quashing rumours of its exit from the Indian market, Vodafone Idea CEO Ravinder Takkar last week said the government is clear that there would be no duopoly and it is in the process of filing a review petition.
"Mobile data charges in India are by far the cheapest in the world even as the demand for mobile data services continue to grow rapidly...The acute financial stress in the telecom sector has been acknowledged by all stakeholders and a high level Committee of Secretaries (CoS) headed by the Cabinet Secretary is looking into providing appropriate relief," the Vodafone Idea press statement reads.
Full details > Here
