vodafone idea Bad news can arrive at any time for millions of customers. Yes, the company may increase tariff rates in the future. A senior official of Vodafone Idea Limited on Thursday again advocated for an increase in tariffs. He said customers who use more data should pay more for services. He said this will enable the industry to earn adequate returns and ensure “connectivity” with all sectors of society.
Indian wireless sector at a turning point
We told you that Vodafone Idea (VIL) had announced the results for the second quarter ending September 30, 2024 on the same Wednesday. Following the announcement of the company’s financial results, the telco’s CEO Akshay Mundra said that BSNL’s loss of customers due to the recent tariff hike is now due to the “network experience” of the government telecommunications company. He said the Indian wireless sector is at a critical juncture.
Large investments needed to support data development
CEO Akshay Mundra said that while on one hand huge investments are needed to support the emergence of new technologies and support data development, on the other hand there is a need to maintain affordability of tariffs to ensure connectivity to all sectors of society. . He said: “This will only be possible when customers who use the services more pay more, so that the industry can get a reasonable return on the huge investment made. Therefore, further rationalization of tariffs is necessary for the industry to recover its cost of capital.”
The company has increased the rate between 11 and 24 percent.
We tell you that the company has increased rates for mobile services between 11 and 24 percent since July 4. After the increase in tariffs, there has been a decrease in the number of 4G customers along with the company’s total customers. On a quarterly basis, the company’s total subscriber count decreased from 21 crore to 20.5 crore and the number of 4G subscribers decreased from 12.67 crore to 12.59 crore.
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