Mobile recharge plans may soon get costlier by 10-12 percent: Report - Back in November 2021, tariff plans were hiked by the three telcos between 20 to 25 percent.
Vodafone Idea s future hinges on relief from government, say analysts
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Without funding, Vi may find it a challenge to meet its immediate Rs 24,000 crore-plus payment obligation (by April next), and if all options collapse, the sector may well be headed for a duopoly
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Vodafone Idea (Vi) may soon be left without an option but to file for bankruptcy with the Supreme Court rejecting reassessment of its dues to the government, which could spoil its efforts to raise funds in time to meet payment obligations, analysts said.
Given its inability to push through a significant tariff hike in a fiercely competitive telecom market, the cash-strapped telco may find it tough to survive beyond next April without a major relief package from the government, they said.
Jio Platforms net profit rises 45% on the back of new subscribers and higher data usage
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Last Updated: Jul 24, 2021, 08:21 AM IST
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Net subscriber additions for JPL continued to be strong with 14.4 million in the just-ended quarter. Jio ended April-June with 440.6 million users, the company said.
Jio Platforms (JPL) net profit rose 44.9% on-year in the April-June quarter, driven by strong mobile phone subscriber additions and higher data consumption.
For the fiscal first quarter, JPL s consolidated net profit stood at RS 3,651 crore compared with RS 3,510 crore at March-end, and RS 2,519 crore a year ago, the company said in a release on Friday. Quarterly revenue rose to RS 18,952 crore from RS 18,278 crore in the January-March period and RS 17,254 crore a year ago.