Jio's addition of 8.26 million customers in June was higher than the 8.18 million it reported in May
The ratings agency noted that the rating revision is on account of deterioration in the company's business and financial risk profile over the medium-term.
The firm said that revenue was impacted by reduction in interconnect usage charges
Vodafone India continues to face tariff war heat and reported 18.7% decline in organic service revenue to around Rs 350.45 billion in 2017-18
Under the new rules, Trai will impose financial disincentive of up to Rs 5 million per circle on operators if their service rates are found to be predatory in nature
Vodafone customers can also avail the facility through MyVodafone mobile app
The company blamed competition from new operator Reliance Jio and incumbent players and GST for the weak results
With a new tagline and revamped visual identity, the telecom major readies for the bruising battle for survival in the Indian market
IoT is an emerging technology wherein devices are connected and capable of 'speaking' to each other
Vodafone has invested more than Rs 2,200 crore in Northeast since 2008
To help flood victims in Northeast, telecom major Vodafone today said it is offering a 50-minute free talk-time to its customers to contact anyone in case of emergencies. "With monsoons in full force in Northeast, many areas are flood affected. To help people, we are offering 50 minutes free talk-time to all our customers in the affected areas in the region," Vodafone India Business Head (Assam & Northeast) Nidhi Lauria said. The one-time service is being offered in affected regions like Kamrup, Karimganj and Bongaigaon in Assam, Ukhrool and Bishnupur in Manipur, and in North Tripura at present, she added. "This service will continue till the end of monsoon season. The areas are expanding to cover more people as and when required," Lauria said, adding around 15,000 people have been covered under the scheme so far. The company said the free talk-time offer depends on cell site data of flood affected regions and applies only to local calls. The official further said that in ...
SuperNight packs will enable users to download unlimited data for five hours at a fixedl price
Move comes amid full-blown data war since Reliance Jio's entry into the telecom data space
That is about 10% of the total investment banking fee pool last year in India
The company's outlook for the next quarter has also factored in freebies being offered by Jio
However, the telco managed to increase its overall customer base during the quarter
Even three-four years back, Vodafone was quite interested in merging with an Indian company
Vodafone India also accused Trai of failing to prohibit 'blatant violation'
Vodafone believes the bid will help the company provide multi-band high capacity broadband services across India
The launch is a part of the second phase of the 4G roll out by the company aimed at expanding its 4G services across India.