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Around 20 million subscribers dropped their connections in Telecommunications. Reliance Jio, Bharti Airtel and Vodafone Idea jointly lost 26 million customers due to a 10-26 per cent price hike. To recover investments and protect margins, private telcos resorted to tariff hikes in mid-year but that move backfired. The country’s private telecom operators face twin challenges…
Analysts said: While overall subscriptions are down, active subscribers have risen since July. The impact of subscriber churn and sim consolidation following the broad based tariff hike by private telecom players in July may be over, and the market has largely absorbed the price hike, analysts said on Tuesday. Meanwhile, market leader Reliance Jio’s loss…
Read More “Analysts believe July’s telco tariff hike is almost over – Authentic Report 2024” »
Vodafone Idea stock : The company’s board is scheduled to meet on Thursday, 13 June 2024, to consider and evaluate proposals for issuance of equity shares and / or convertible securities on a preferential basis to vendors. Vodafone Idea stock (VIL) hit a three-month high of Rs 16.70, gaining 3 per cent on the BSE…
Read More “Vodafone Idea stock hits over 3-month high; up 26% in six days – Authentic Report” »
