Jio recharge prices will be increased too after Airtel, Vodafone raise tariffs
20 Novembre, 2019, 10:26 | Auteur: Auguste Feret
A day later Reliance Jio, which had disrupted the mobile phone services market by introducing predatory pricing, said it will follow suit in the next few weeks.
After introducing an interconnect usage charge (IUC) last month, the Mukesh Ambani-led company has reportedly now chose to hike its tariffs for both its phone call and internet services.
Vodafone Idea gained 34.68 percent to close at Rs 6.02 on the BSE, on top of 21.5 percent rally in the previous session. Neither of the companies mentioned the quantum of the proposed tariff hikes.
While Airtel said that, "The telecom sector is highly capital intensive with fast-changing technology cycles that require continuing investments".
Vodafone Idea now provides monthly mobile services at starting price of Rs 24 without data and Rs 33 for plans with data service.
The ongoing telecom crisis is set to hit the customers hard with two of the country's largest telcos - Bharti Airtel and Vodafone - deciding to hike tariffs from December 1 after they posted historic losses on account of provisioning for the AGR pending dues. From a dozen in March 2016, the number of players in the industry has dwindled to mere five - Reliance Jio, Vodafone Idea, Bharti Airtel, BSNL and MTNL.
Meanwhile, Jio added 69.83 lakh new users to its network in September this year while Vodafone Idea and Bharti Airtel lost over 49 lakh users, according to TRAI data.
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The firms posted huge quarterly losses because of an adverse Supreme Court judgement last month that upheld the Centre's broader definition of revenue, based on which it calculates levies on telecom operators.
Vodafone Idea has over 300 million customers in India.
"The acute financial stress in the telecom sector has been acknowledged by all stakeholders and a high level Committee of Secretaries headed by the Cabinet Secretary is looking into providing appropriate relief". Airtel's monthly plan starts at Rs 24 onward, while schemes with data begin from Rs 35. The telco listed several commitments to support the objectives of "Digital India".
According to a Live Mintreport, telecom prices in India are now the cheapest in the world.
Jio said that it will work with the government to ensure that the telecom industry continues benefitting Indian consumers and it will stay compliant with regulations.
For Bharti, the above calculation on a consolidated basis could mean 25 percent estimated jump in EBIDTA estimates which for free cash flow (FCF) positive company should further aid valuations, Motilal Oswal said.
While having equalweight rating on the stock, Morgan Stanley raised target price on Bharti Airtel to Rs 410 from Rs 360 as company is well positioned in the sector both from a leverage & strategy perspective.
Pochettino's successor will have a tough act to follow, inheriting a squad lacking in areas like full back and central midfield. There are a number of big-name managers available, such as Carlo Ancelotti, Jose Mourinho and Massimiliano Allegri.
Anthony is a 10-time NBA All-Star, but has struggled in recent stints in Oklahoma City and Houston following 6 seasons in NY . Anthony posted a video on his YouTube channel explaining his decision. "I always kept my eye on Portland".
The firm owned 408,449 shares of the transportation company's stock after selling 32,181 shares during the quarter. The business had revenue of C$1.98 billion for the quarter, compared to analysts' expectations of C$1.99 billion.
Miami went into the draft with nine players already on its books including Canadian midfielders Jay Chapman and David Norman Jr. The other 19 returning MLS franchises were allowed to protect 12 players between the senior, supplemental and reserve roster.
The Braves were barred from signing global players for multiple signing periods and stripped of 12 prospects they'd signed after extensive violations of the league's worldwide signing rules were discovered.
As of almost two hours after Jennifer Williams , who is Vice President Mike Pence's Russian Federation adviser; and Lt. Trump branded the inquiry a "kangaroo court", denying he ever had face-to-face contact with Vindman.
Rugby Australia chief executive Raelene Castle said Rennie was "the clear standout candidate for the job". Castle also paid credit to Rennie's time in Glasgow, saying his time in European rugby helped his case.
ET for testimony from former national security official Tim Morrison and former Ukraine envoy Kurt Volker . Yet Nunes continued, asking how Vindman could be outing the whistleblower if he didn't know who it was.
Jonathan Williams was excellent in Mack's place, racking up 116 yards on 13 carries and catching one pass for 31 yards. The Colts (6-4) and Texans (6-4) are tied for the division lead entering Thursday's game in Houston.
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