Diwali bonanza: Vodafone slashes data prices by 80 pc across the country

Rate would be applicable from November 1 for all Vodafone pre-paid and post-paid customers on 2G on a 'Pay as you Go' basis.Rate would be applicable from November 1 for all Vodafone pre-paid and post-paid customers on 2G on a 'Pay as you Go' basis.

SummaryCompany says same rates will be charged even if the customer is in roaming.

Diwali bonanza to its customers, Vodafone India today said it has slashed data rates by up to 80 per cent across the country, with effect from November 1.

In June, the company had reduced the price from 10 paisa per 10 KB to 2 paisa per 10 KB in Karnataka, UP West and Madhya Pradesh and Chhattisgarh circles and it has now extended the same rates to all its circles from November 1.

"Post the successful pilot launch in three circles in mid-June, this attractive and lowest mobile Internet charge is now being rolled out pan India," the company said in a statement.

It added the rate would be applicable from November 1, 2013 for all pre-paid and post-paid customers on 2G on a 'Pay as you Go' basis.

The company said same rates will be charged even if the customer is in roaming.

"When a mobile Internet customer roams anywhere in India on Vodafone, he/she is charged like home rates for mobile Internet," it said.

Vodafone said the new Pay as you Go rates, which are the same for both 2G and 3G, are the lowest in market.

"This 80 per cent reduction in mobile Internet charges for customers using 2G is an important step in our strategy to drive mobile Internet and we are confident that this move will facilitate in faster adoption and better usage," Vodafone India Chief Commercial Officer Vivek Mathur said.

As part of its strategy to "democratise" data, Vodafone is educating current and potential users about how Internet can add significant value to them.

The company is also building content partnerships, simplifying pricing, educating retailers and offering choice to customer on the basis their interests and consumption patterns, it said.

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Diwali bonanza: Vodafone slashes data prices by 80 pc across the country

Rate would be applicable from November 1 for all Vodafone pre-paid and post-paid customers on 2G on a 'Pay as you Go' basis.Rate would be applicable from November 1 for all Vodafone pre-paid and post-paid customers on 2G on a 'Pay as you Go' basis.

SummaryCompany says same rates will be charged even if the customer is in roaming.

Diwali bonanza to its customers, Vodafone India today said it has slashed data rates by up to 80 per cent across the country, with effect from November 1.

In June, the company had reduced the price from 10 paisa per 10 KB to 2 paisa per 10 KB in Karnataka, UP West and Madhya Pradesh and Chhattisgarh circles and it has now extended the same rates to all its circles from November 1.

"Post the successful pilot launch in three circles in mid-June, this attractive and lowest mobile Internet charge is now being rolled out pan India," the company said in a statement.

It added the rate would be applicable from November 1, 2013 for all pre-paid and post-paid customers on 2G on a 'Pay as you Go' basis.

The company said same rates will be charged even if the customer is in roaming.

"When a mobile Internet customer roams anywhere in India on Vodafone, he/she is charged like home rates for mobile Internet," it said.

Vodafone said the new Pay as you Go rates, which are the same for both 2G and 3G, are the lowest in market.

"This 80 per cent reduction in mobile Internet charges for customers using 2G is an important step in our strategy to drive mobile Internet and we are confident that this move will facilitate in faster adoption and better usage," Vodafone India Chief Commercial Officer Vivek Mathur said.

As part of its strategy to "democratise" data, Vodafone is educating current and potential users about how Internet can add significant value to them.

The company is also building content partnerships, simplifying pricing, educating retailers and offering choice to customer on the basis their interests and consumption patterns, it said.

Copyright © The Indian Express ltd. All Rights Reserved.

Hit by rupee, Bharti Airtel Q2 net profit falls 29 per cent to Rs 512 cr

A weak rupee led to forex losses of Rs 3.42 billion for Bharti Airtel in the latest Q2.A weak rupee led to forex losses of Rs 3.42 billion for Bharti Airtel in the latest Q2.

SummaryThis is world No 4 mobile carrier, Bharti Airtel's 15th consecutive quarter of declining profits.

Telecom major Bharti Airtel today reported a 29 per cent decline in consolidated net profit at Rs 512 crore for the quarter (Q2) ended September 30, 2013, mainly on account of increase in finance cost and forex losses due to rupee depreciation.

Bharti Airtel had posted a net profit of Rs 721.2 crore for the same period in last financial year.

HIGHLIGHTS

* Q2 net profit at 5.12 bln rupees vs 6.90 bln rupees estimate

* Revenue rises 10 percent to 213.24 billion rupees

* EBITDA margin at 32 pct vs 30.6 percent year-ago

* Shares rise as much as 5.5 percent

"The continued depreciation of the Indian rupee has resulted in forex restatement and derivative losses of Rs 342 crore versus Rs 25 crore loss for Q2, FY'13. Consequently, the consolidated net income came at Rs 512 crore, as against Rs 721 crore in the corresponding quarter last year," Bharti Airtel said in a statement.

Bharti Airtel's consolidated net debt has reduced to USD 9,697 million resulting in the net debt to EBITDA ratio (in US dollar terms) at 2.18 times as compared to 2.59 times at the end of the same quarter last year, it added. The consolidated revenues of the company, however, grew by 10 per cent to Rs 21,342.8 crore from Rs 19,408.5 crore in the corresponding quarter last year.

Bharti Airtel saw 100 per cent increase in its revenue from the mobile Internet segment at Rs 1,503 crore, accounting for 39.1 per cent of the overall incremental revenue.

"Mobile Internet is now a major engine of growth for Airtel across all geographies," Bharti Airtel Chairman Sunil Bharti Mittal said in the statement.

Bharti Airtel had last month increased rates of mobile internet by about 25 per cent and reduced benefits under certian schemes by about 50 per cent.

Bharti Airtel saw 28.8 per cent increase in revenue of Digital TV and 20.8 per cent in airtel business (B2B) division. International revenues of the company grew by 17.9 per cent on yearly basis in rupee terms with Africa growing by 16.1 per cent Y-o-Y and South Asia by 54.4 per cent.

The voice usage per customer

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Hit by rupee, Bharti Airtel Q2 net profit falls 29 per cent to Rs 512 cr

A weak rupee led to forex losses of Rs 3.42 billion for Bharti Airtel in the latest Q2.A weak rupee led to forex losses of Rs 3.42 billion for Bharti Airtel in the latest Q2.

SummaryThis is world No 4 mobile carrier, Bharti Airtel's 15th consecutive quarter of declining profits.

Telecom major Bharti Airtel today reported a 29 per cent decline in consolidated net profit at Rs 512 crore for the quarter (Q2) ended September 30, 2013, mainly on account of increase in finance cost and forex losses due to rupee depreciation.

Bharti Airtel had posted a net profit of Rs 721.2 crore for the same period in last financial year.

HIGHLIGHTS

* Q2 net profit at 5.12 bln rupees vs 6.90 bln rupees estimate

* Revenue rises 10 percent to 213.24 billion rupees

* EBITDA margin at 32 pct vs 30.6 percent year-ago

* Shares rise as much as 5.5 percent

"The continued depreciation of the Indian rupee has resulted in forex restatement and derivative losses of Rs 342 crore versus Rs 25 crore loss for Q2, FY'13. Consequently, the consolidated net income came at Rs 512 crore, as against Rs 721 crore in the corresponding quarter last year," Bharti Airtel said in a statement.

Bharti Airtel's consolidated net debt has reduced to USD 9,697 million resulting in the net debt to EBITDA ratio (in US dollar terms) at 2.18 times as compared to 2.59 times at the end of the same quarter last year, it added. The consolidated revenues of the company, however, grew by 10 per cent to Rs 21,342.8 crore from Rs 19,408.5 crore in the corresponding quarter last year.

Bharti Airtel saw 100 per cent increase in its revenue from the mobile Internet segment at Rs 1,503 crore, accounting for 39.1 per cent of the overall incremental revenue.

"Mobile Internet is now a major engine of growth for Airtel across all geographies," Bharti Airtel Chairman Sunil Bharti Mittal said in the statement.

Bharti Airtel had last month increased rates of mobile internet by about 25 per cent and reduced benefits under certian schemes by about 50 per cent.

Bharti Airtel saw 28.8 per cent increase in revenue of Digital TV and 20.8 per cent in airtel business (B2B) division. International revenues of the company grew by 17.9 per cent on yearly basis in rupee terms with Africa growing by 16.1 per cent Y-o-Y and South Asia by 54.4 per cent.

The voice usage per customer

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Auction of spectrum: This time DoT stands up to CAG

Former Union Minister A Raja. (PTI)Former Union Minister A Raja. (PTI)

SummaryThe face-off is centred on the Rs 1,658 crore licence fees paid by telecom firms in 2008.

In a confrontation sparked by the embers of the 2G spectrum allotment scandal, the Department of Telecommunication has taken on the Comptroller and Auditor General and asked it to seek legal opinion from the Attorney General before declaring policy issues as �illegal�.

Responding to the government auditor�s review of major decisions taken by the telecom ministry during 2012-13, the DoT has also asked the CAG not to stray into commenting on policy matters.

The face-off is centred on the Rs 1,658 crore licence fees paid by telecom firms in 2008 for spectrum, the allotment of which ended up becoming controversial and was cancelled by the Supreme Court.

Telecom firms which had paid this non-refundable one-time entry fee for spectrum in 2008 were allowed by DoT to use the amount to pay for spectrum they won in the auction in 2012.

The CAG has held that this �is not consistent� with the auction process and the unified access service licence guidelines. The auditor has also said that this decision gave �undue benefits� to private operators.

DoT, it has said, should have treated the amount as a forfeit as the apex court had cancelledthe licences holding the allotment process irregular, and not adjusted it for 2012 auction payments.

But the telecom department has rebuffed the auditor, citing the decision of an Empowered Group of Ministers (EGoM).

�The EGoM considered the circumstances in which the set-off was to be allowed and the terms thereof. These were, according to the EGoM, consistent with the Supreme Court judgment,� the DoT has said in its response to CAG.

�The CAG cannot comment on and object to the matter of policy. In the event such a set-off is perceived to be illegal, then the appropriate course is to seek legal opinion from the Attorney General instead of rendering its own opinion in the matter.In absence of such advice, the CAG cannot on its own, seek to interpret documents and come to its own conclusions.

�These are not matters for audit to comment upon. All these decisions involve issues of policy and legality. Issues of policy

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