Why is idea lost?
Table of Contents
Why is idea lost?
The company has sought a moratorium from the government for its spectrum dues and the worsening financial condition has resulted in credit rating downgrade for its long term loans and non convertible debentures. Gross revenue declined 14.1 per cent on a year on year basis to Rs 9152 crore due to fall in subscribers.
Is Vodafone idea losing customers?
As per data released by the Telecom Regulatory Authority of India (Trai) for 2020, Vodafone Idea’s wireless subscriber base declined to 284.26 million in December 2020 against 332.61 million in December 2019, decreasing by 14.54\%.
Is idea shutting down in India?
Indian telco Vodafone Idea (Vi) is reportedly close to “point of collapse” and needs help from the Government, one of its investors said this week. Last year the Supreme Court of India gave Vi and Airtel 10 years to pay, with the first installments of 10 percent due in March 2021.
Is Jio taking over Airtel?
Bharti Airtel on Friday announced the closure of its agreement with Reliance Jio Infocomm to transfer the ‘Right to Use’ of Airtel’s 800 MHz spectrum in three circles to the Mukesh Ambani-led firm. Airtel said in a statement it has received Rs 1,004.8 crore (net of tax) from Jio for the proposed transfer.
Is Jio running in loss?
The company lost 0.2 million active subscribers and its market share of active user base declined to 26.1\%. As of February, Bharti has the highest number of active subscribers at 340 million, followed by Jio at 324 million and Vodafone Idea at 256 million.
Is Airtel in debt?
In financial year 2021, Bharti Airtel Limited reported a net debt of about 934 billion Indian rupees. This was an decrease from more than one trillion Indian rupees in financial year 2020. Bharti Airtel offers its customers home and digital TV services along with its widely popular mobile services.
Which is the No 1 network in India?
Internet service providers (ISPs)
| Rank | Provider | Ownership |
|---|---|---|
| 1 | Reliance Jio | Jio Platforms |
| 2 | Airtel | Bharti Airtel Limited |
| 3 | Vi | Vodafone Idea Limited |
| 4 | BSNL | Government of India |
How many Jio users are there in India?
India’s largest telecom operator Reliance Jio had 42.48 crore mobile subscribers as on September as it lost net 1.90 crore users. Troubled Vodafone Idea lost 10.77 lakh subscribers during the month under review and its subscriber base shrank to 26.99 crore as on September 2021.
Who is the owner of idea?
Vodafone Group
Aditya Birla Group
Vodafone Idea/Parent organizations
Who is the real owner of Jio?
Mukesh Ambani
Jio
| Jio’s headquarters in RCP, Navi Mumbai | |
|---|---|
| Founder | Mukesh Ambani |
| Headquarters | Maker Chambers IV, 222 Nariman Point, Mumbai, Maharashtra , India |
| Key people | Mukesh Ambani (Chairman) Sandip Das (Managing Director) |
| Products | Fixed line telephone Mobile phones Wireless broadband Internet services OTT Services |
Why did Jio lose subscribers?
In September, Reliance Jio lost over 19 million subscribers, compared to an addition of 0.65 million subscribers in August. This has happened because the company has seemingly undertaken a reduction drive of low-paying subscribers. “During the peak of the second wave, we had done a lot of initiatives…
Should Airtel shareholders worry about Jio?
Third, while Jio has taken a big chunk of the mobile telephony market, Airtel still has a stronger position in fixed line broadband, where Jio hasn’t raised the ante. Now, Airtel shareholders seem worried that the potential from the above three factors may not materialise in the way they had hoped.
Since touching a high in July, Airtel’s share price has plunged by over 20\%. Nearly 8\% of this decline came in September alone. Those backing Airtel had hoped that the Supreme Court verdict forcing telecom operators to cough up big money as unpaid duties may cause Vodafone Idea to fold. However, it isn’t quite panning out that way.
Is Airtel’s 2G network still relevant?
Second, there are still over 300 million 2G users and when they upgrade to 4G, Airtel will get a good portion of it. Third, while Jio has taken a big chunk of the mobile telephony market, Airtel still has a stronger position in fixed line broadband, where Jio hasn’t raised the ante.
What will happen to Vodafone Idea when it gets 4G?
First, Vodafone Idea may die and a big chunk of the users may move to Airtel. Second, there are still over 300 million 2G users and when they upgrade to 4G, Airtel will get a good portion of it.