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The impact of mobile phone service tariff hike was evident in July with <keyword id="19896911" type="General" weightage="20" keywordseo="Reliance-Jio" source="keywords" meta.keywordsubtype="org" meta.entityname="Reliance Jio" meta.hostid="261" meta.entityid="Reliance Jio">Reliance Jio</keyword>, Bharti <keyword id="19896909" type="General" weightage="20" keywordseo="Airtel" source="keywords">Airtel</keyword>, <keyword id="19899016" type="General" weightage="20" keywordseo="Vodafone-Idea" source="keywords" meta.keywordsubtype="org" meta.entityname="Vodafone Idea" meta.hostid="261" meta.entityid="Vodafone Idea">Vodafone Idea</keyword> reporting loss of customer base, which resulted in an overall decline in <keyword id="20781077" type="General" weightage="20" keywordseo="telecom-subscribers" source="keywords">telecom subscribers</keyword> in the country. Reliance <keyword id="19906886" type="General" weightage="100" keywordseo="Jio" source="keywords">Jio</keyword>, Bharti Airtel and Vodafone Idea increased their mobile service plan rates in the range of 10-27 % in the first week of July. Airtel and Vodafone Idea have more than doubled their entry-level mobile rates in the last 2-3 years to Rs 199 that comes with 28 days validity. State-run <keyword id="19970536" type="General" weightage="20" keywordseo="BSNL" source="keywords" meta.keywordsubtype="org" meta.entityname="BSNL" meta.hostid="261" meta.entityid="BSNL">BSNL</keyword> was the only player that added new subscribers and led the market in terms of new net customer addition, according to a monthly subscribers report released by the Telecom Regulatory Authority of India on Friday. According to the report, BSNL added over 2.94 million mobile subscribers in July. Bharti Airtel lost 1.69 million mobile subscribers which was highest among its peers. Vodafone Idea and Reliance Jio lost 1.41 million and 758,000 mobile subscribers, respectively. Overall, the telecom subscriber base in the country declined marginally to 1,205.17 million in July from 1,205.64 million in June. North East, Maharashtra, Rajasthan, Mumbai, Kolkata, Tamil Nadu, Punjab, Bihar, West Bengal, UP East, Haryana, Andhra Pradesh telecom circles recorded decline in mobile customer base post the hike in mobile services rates. The wireline or the fixed line connections segment increased by about 1% to 35.56 million in July from 35.11 million in June. Reliance Jio led the fixed-line segment with addition of over 480,000 new subscribers. It was followed by Bharti Airtel which added over 136,000 new subscribers, VMIPL 12,413, Vi 11,375, Tata Teleservices 3,971 and Quadrant added 12 new fixed line customers. BSNL was the biggest loser in the segment. The state-run firm lost 134,000 fixed line customers and its sister concern lost 56,454 customers. The broadband customer base in the country increased to 946.19 million at the end of July from 940.75 million in June. Top five players accounted for 98.42% of total broadband connection in the country. Reliance Jio led the chart with 488.63 million <keyword id="23252277" type="General" weightage="20" keywordseo="broadband-customers" source="keywords">broadband customers</keyword>, Airtel with 284.03 million, Vodafone Idea with 126.72 million, BSNL with 29.61 million and Atria Convergence with 2.26 million. Bharti Airtel led the machine-to-machine cellular mobile connections with 28.46 million subscribers accounting for 53.02 % market share.It was followed by <keyword id="21892784" type="General" weightage="20" keywordseo="vodafone-idea-limited" source="keywords">Vodafone Idea Limited</keyword>, Reliance Jio Infocomm Limited and BSNL with market share of 27.71 %, 13.68 % and 5.58 % share respectively.

Jio, Airtel, Vi record customer loss post tariff hike, BSNL becomes only gainer in July

Mobile phone users might have to spend notably more for their recharge packs after the general election, as reports indicate that telecom firms are gearing up for a fourth round of <keyword id="891186" type="General" weightage="20" keywordseo="tariff-hikes" source="Orion">tariff hikes</keyword> in recent times. According to a report by brokerage Axis Capital, a meaningful hike of approximately 25% by operators is anticipated soon. This surge is attributed to a stable competitive environment, the necessity to bolster profitability post heavy <keyword id="21245910" type="General" weightage="20" keywordseo="5G-investments" source="keywords">5G investments</keyword>, and ongoing government support. Despite the apparent magnitude of the increase, the report suggests it should be manageable for both urban and rural users. Urban households may witness a rise in telecom expenditure from 3.2% to 3.6% of total expenditure, while for rural subscribers, spending could escalate from 5.2% to 5.9%. Analysts predict that the consumers are likely to remain loyal and pay up, especially if they continue to enjoy high-speed connectivity — a vital need of these modern times. For <keyword id="20055601" type="General" weightage="20" keywordseo="telecom-operators" source="keywords">telecom operators</keyword>, the projected roughly 25% hike in headline rates is expected to correspond to a 16% growth in the average revenue per user (ARPU), as estimated by Axis Capital. While <keyword id="2003276" type="General" weightage="20" keywordseo="jio" source="Orion">Jio</keyword> reported an ARPU of Rs 181.7 for the quarter ending March, Bharti Airtel and <keyword id="19899016" type="General" weightage="20" keywordseo="vodafone-idea" source="keywords">Vodafone Idea</keyword> (Vi) are yet to disclose their March quarter numbers. However, their figures stood at Rs 208 and Rs 145 respectively for the October-December 2023 period. Peeyush Vaish, TMT industry leader at Deloitte, South Asia, anticipates a 10-15% increase in ARPUs, adding approximately Rs 100 per subscriber by the end of this calendar year. This hike is expected to be driven by price increases for 4G/5G bundled packs and the phasing out of low-value packs. Analysts foresee Bharti Airtel and Jio emerging as the primary beneficiaries of the <keyword id="21656632" type="General" weightage="20" keywordseo="wireless-pack-price-hike" source="keywords">wireless pack price hike</keyword>. While Vi is also expected to boost its ARPU by fortifying its network and minimising subscriber churn, the overall revenue impact may still be limited compared to its competitors. At the end of Q4 FY24, Jio’s total assets stood at Rs 4,87,405 crore, while its net profit from January to March climbed to Rs 5,337 crore from Rs 4,716 crore a year ago. On the other hand, Bharti Airtel’s consolidated Q4 revenue came in at Rs 37,599 crore, with its net profit of Rs 2,072 crore dropping 31.1% compared to a year ago. (With inputs from The Economic Times)

Mobile recharge packs to get more expensive as telcos gear up for another round of tariff hikes: Report

<keyword id="19899016" type="General" weightage="100" keywordseo="Vodafone-Idea" source="keywords" meta.keywordsubtype="org" meta.entityname="Vodafone Idea" meta.hostid="261" meta.entityid="Vodafone Idea">Vodafone Idea</keyword> has secured contracts worth Rs 30,000 crore with <keyword id="19941076" type="General" weightage="20" keywordseo="Nokia" source="keywords" meta.keywordsubtype="org" meta.entityname="Nokia" meta.hostid="261" meta.entityid="Nokia">Nokia</keyword>, <keyword id="19962937" type="General" weightage="20" keywordseo="Ericsson" source="keywords" meta.keywordsubtype="org" meta.entityname="Ericsson" meta.hostid="261" meta.entityid="Ericsson">Ericsson</keyword>, and <keyword id="19897758" type="General" weightage="20" keywordseo="Samsung" source="keywords" meta.keywordsubtype="org" meta.entityname="Samsung" meta.hostid="261" meta.entityid="Samsung">Samsung</keyword>, a PTI report revealed. These contracts, which span a period of three years, are a crucial part of the company's Rs 55,000 crore capital expenditure (capex) plan. The investment will focus on expanding 4G coverage, launching 5G services, and meeting the growing demand for data in India. The debt-laden telecom operator announced the deal as it strives to regain market share in an increasingly competitive industry. Vodafone Idea has faced financial difficulties since its merger in 2018 between Vodafone Group's Indian arm and Aditya Birla Group's Idea Cellular. Since then, the company has struggled to compete with larger rivals such as <keyword id="19951944" type="General" weightage="20" keywordseo="Bharti-Airtel" source="keywords" meta.keywordsubtype="org" meta.entityname="Bharti Airtel" meta.hostid="261" meta.entityid="Bharti Airtel">Bharti Airtel</keyword> and Reliance Jio, both of which have made significant inroads into India’s telecom market. The Rs 30,000 crore deal with Nokia, Ericsson, and Samsung is expected to provide Vodafone Idea with the necessary equipment to expand its 4G coverage from 1.03 billion to 1.2 billion people, as well as initiate the rollout of 5G services in key markets. The company confirmed that supplies under the new contract would begin arriving in the next quarter. In a statement, Vodafone Idea said that its primary goal is to enhance 4G connectivity across India while simultaneously preparing to introduce 5G technology. ""Vodafone Idea has concluded a mega, about USD 3.6 billion (around Rs 300 billion), deal with Nokia, Ericsson and Samsung for supply of network equipment over a period of three years. The capex programme is directed towards expanding the 4G population coverage from 1.03 billion to 1.2 billion, launching 5G in key markets and capacity expansion in line with data growth," the company said in a statement. Akshaya Moondra, CEO of Vodafone Idea, said as per a Livemint report, “"We have kickstarted the investment cycle. We are on our journey of VIL 2.0 and from hereon, VIL will stage a smart turnaround to effectively participate in the industry growth opportunities. Nokia and Ericsson have been our partners since our inception and this marks another milestone in that continuing partnership. We are pleased to start our new partnership with Samsung. We look forward to work closely with all our partners as we move into the 5G era." (With Reuters and PTI inputs)

Vodafone Idea seals Rs 30,000 crore deal with Nokia, Ericsson, and Samsung for 4G and 5G expansion

New Delhi [India], July 19 (ANI): <keyword id="19899016" type="General" weightage="100" keywordseo="Vodafone-Idea" source="keywords" meta.keywordsubtype="org" meta.entityname="Vodafone Idea" meta.hostid="261" meta.entityid="Vodafone Idea">Vodafone Idea</keyword> approved the allotment of more than <keyword id="22467816" type="General" weightage="20" keywordseo="40-crore-shares" source="Orion">40 crore shares</keyword> on a preferential basis to <keyword id="6354716" type="General" weightage="20" keywordseo="Nokia" source="Orion">Nokia</keyword> Solutions and Networks India and to <keyword id="330957" type="General" weightage="20" keywordseo="Ericsson-India" source="Orion">Ericsson India</keyword>, the company informed the exchange in a filing. The company stated that this preferential allotment is in accordance with SEBI's regulations which totals around <keyword id="22467815" type="General" weightage="20" keywordseo="Rs-615-crore" source="keywords">Rs 615 crore</keyword> and represents a strategic move to enhance the company's capital base. According to the statement by the company, the breakdown includes around 25 crore <keyword id="20035340" type="General" weightage="20" keywordseo="equity-shares" source="keywords">equity shares</keyword> to Nokia Solutions and Networks India Pvt. and over 15 crore equity shares to Ericsson India Pvt. The issue price per equity share was set at Rs. 14.80, including a premium of Rs. 4.80 per share at a face value of Rs 10 per share. "The Capital Raising Committee of the Board ("Capital Raising Committee") has, at its meeting, approved the second tranche of allotment of 41,52,02,701 Equity Shares of face value of Rs. 10/- each at an issue price of Rs. 14.80 per equity share (including a premium of Rs. 4.80 per equity share), to Nokia Solutions and Networks India Private Limited (25,67,56,756 Equity Shares) and Ericsson India Private Limited (15,84,45,945 Equity Shares), aggregating to Rs. 614.5 crores, on a preferential basis" said the company. Recently, Vodafone Idea (<keyword id="634808" type="General" weightage="20" keywordseo="VIL" source="Orion">VIL</keyword>) added 0.8 million mobile broadband (MBB) subscribers in May, but the company continued to see declines in both overall and active subscriber bases, losing 0.9 million and 1.7 million subscribers, respectively. The shares of Vodafone Idea closed at Rs 16.32 after a decline of more than 2 per cent on Thursday.

Vodafone Idea to raise Rs 615 crore through preferential shares allotment to Nokia and Ericsson India

<ul class="summary-list"><li>Mark Cuban says Donald Trump seems to have "a new tax cut or tariff for every city he visits."</li><li>Cuban added that Kamala Harris' team, in contrast, "thinks through proposals before she says them."</li></ul>Former President <a target="_blank" class="" href="https://www.businessinsider.com/mark-cuban-donald-trump-i-dont-hate-him-at-all-2024-9">Donald Trump</a> has proposed a slate of intense tariffs that could hit US companies if he's elected in November, and billionaire investor <a target="_blank" class="" href="https://www.businessinsider.com/mark-cuban-kamala-harris-take-out-chinese-knockoffs-2024-9">Mark Cuban</a> has some thoughts."Trump has a new tax cut or tariff for every city he visits. Even when it violates his own signed policies or the law," Cuban wrote in an X post on Tuesday.Cuban was criticizing Trump's economic policies while defending Vice President Kamala Harris' campaign during an exchange with X user @AndySwan."I tell you what I know from my conversations. Her campaign actually thinks through proposals before she says them," Cuban said of Harris' team.To be sure, Cuban has been a vocal supporter of Harris. In addition to backing her <a target="_blank" class="" href="https://www.businessinsider.com/what-you-need-to-know-about-kamala-harris-opportunity-economy-2024-9">economic agenda</a>, the "Shark Tank" star has also lauded Harris for being <a target="_blank" class="" href="https://www.businessinsider.com/mark-cuban-kamala-harris-sec-capital-gains-business-2024-9">pro-business</a>.During a September 5 CNBC interview, he also praised Harris for helping entrepreneurs access investments and for making it easier for startups to get off the ground.<h2 id="7eb052fd-093c-484e-ade6-d781ab828b36">Cuban's not a fan of Trump's tariffs</h2>This week, Cuban has been zeroing in on Trump's proposed tariffs and other economic proposals.On Monday, Cuban slammed Trump's call for a <a target="_blank" class="" href="https://www.businessinsider.com/mark-cuban-trump-call-200-percent-tariffs-john-deere-insane-2024-9">200% tariff on agriculture equipment company John Deere</a>, calling it "insane" and a "good way to destroy a legendary American company."At a Monday policy roundtable in Pennsylvania, Trump threatened to impose a 200% tariff on everything John Deere makes in Mexico but sells into the United States. The former president was responding to John Deere's plan to move part of their manufacturing process to Mexico by the end of 2026."Put a 200% tariff on the American company moving some production to Mexico," Cuban wrote on X. "But tariff Chinese manufacturers 10 or 20%, so that the Chinese products will be cheaper to sell in the US than the American company."To Cuban's point, Trump has brought up tariffs at multiple campaign stops. On Tuesday, Trump outlined another aspect of his manufacturing plan at a campaign event in Georgia — this time, involving US automakers. Trump said that if elected, he plans to impose a 100% tariff on every car made in Mexico."With the vision I'm outlining today, not only will we stop our businesses from leaving for foreign lands, but under my leadership, we're going to take other countries' jobs," Trump told rally goers.Separately, Trump has also floated the idea of <a target="_blank" class="" href="https://www.businessinsider.com/mark-cuban-trump-card-interest-rates-plan-bernie-sanders-2024-9">temporarily capping credit card interest rates</a> at around 10% during a rally in New York last week. Notably, Trump's proposal goes further than the <a target="_blank" class="" href="https://www.businessinsider.com/bernie-sanders-alexandria-ocasio-cortez-credit-cards-wall-street-2019-5">15% cap that Sen. Bernie Sanders of Vermont</a> had proposed back in May 2019.All in all, Trump's actions, Cuban says, make him look more like a Marxist than Harris. Trump <a target="_blank" class="" href="https://edition.cnn.com/2024/09/03/media/elon-musk-x-kamala-harris-trump-misinformation/index.html">and his supporters</a> have often <a target="_blank" class="" href="https://www.businessinsider.com/kamala-harris-price-gouging-ceiling-policy-inflation-krugman-oleary-ramsey-2024-8">accused Harris of being a Communist</a>."Who has proposed price controls? Trump. Who has proposed a tariff tax on all imports because he doesn't understand them? Trump. Who has said he would punish companies that produced in Mexico, despite his policy, USMCA, allowing it? Proving he doesn't know his own policies? Trump," Cuban wrote in a Tuesday X post."He is far more of a Marxist than she ever could be. He just doesn't know it yet," Cuban added.Cuban and representatives for the Trump campaign didn't immediately respond to requests for comment sent outside regular business hours.

Mark Cuban says Trump seems to have 'a new tax cut or tariff' for every city he visits

<ul class="summary-list"><li>Trump threatened a 200% tariff on John Deere if it moves some of its manufacturing to Mexico.</li><li>Experts say the tariff would harm US-Mexico relations, cost consumers, and may not even be feasible.</li></ul>Donald Trump has lodged a hefty threat against John Deere: move manufacturing to Mexico, and your imported products will <a target="_blank" class="" href="https://www.businessinsider.com/mark-cuban-trump-call-200-percent-tariffs-john-deere-insane-2024-9">face a 200% tariff</a>.Now, trade economists say Trump's latest trade threat makes no sense.On Monday, the former president said at an agricultural policy roundtable in Smithton, Pennsylvania, that he would impose the massive tariff if John Deere follows through on its plans to move some of its production — specifically, skid steer loaders and compact track loaders — from Iowa to Mexico by the end of 2026. The company first announced the partial production shift to Mexico back in June, <a target="_blank" class="" href="https://www.foxbusiness.com/economy/john-deere-announces-mass-layoffs-midwest-amid-production-shift-mexico">according to Fox Business</a>, <a target="_blank" class="" href="https://markets.businessinsider.com/news/stocks/deere-layoffs-2024-what-to-know-about-the-latest-job-cuts-1033454578">following several rounds of staff cuts.</a>"I know a lot about John Deere. I love the company, but as you know, they've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico," Trump said at Monday's event. "I'm just notifying John Deere right now: If you do that, we're putting a 200% tariff on everything that you want to sell into the United States.""They think they're going to make product cheaper in Mexico and then sell it in for the same price as they did before, make a lot of money by getting rid of our labor and our jobs," the Republican presidential nominee added.Trump also said that any company that did the same would be slapped with the same 200% tariff.John Deere did not respond to a request for comment from Business Insider.Jonathan W. Coppess, director of agriculture policy program at the University of Illinois Urbana-Champaign, said that Trump is tapping into concerns about companies moving jobs out of the country — and it's a pattern we've seen many times."John Deere is a major manufacturer and the consequences of moving those jobs is significant," Coppess said.But Coppess said Trump's answer to the problem might not be the right fix — and several trade economists told BI that Trump's proposed tariff is a terrible idea."You'll find no serious, respected trade economists thinking that this is a good idea," Ian Sheldon, a professor and Andersons Chair of Agricultural Marketing, Trade and Policy at The Ohio State University, told BI."This is a huge tariff," Sheldon added. "It looks almost like a prohibitive tariff. By prohibitive, I mean it would choke off imports of John Deere skid steer loaders would be my hunch."Gary Hufbauer, a nonresident senior fellow at the Peterson Institute for International Economics, echoed Sheldon's concerns. He told BI that Trump's huge proposed tariff is not only a "terrible idea," but it would also violate the United States-Mexico-Canada Agreement (USMCA), which <a target="_blank" href="https://ustr.gov/trade-agreements/free-trade-agreements/united-states-mexico-canada-agreement#:~:text=The%20United%20States%2DMexico%2DCanada%20Agreement%20(USMCA)%20entered,farmers%2C%20ranchers%2C%20and%20businesses.">succeeded NAFTA in 2020</a>."I mean, it's just a plain, simple violation," Hufbauer said.<div type="image" title="line of green john deere tractors in a dirt lot with snow capped mountains in the background" height="1500" width="2425" msid="113661648" hostid="261" sizebytes="249670"></div>Sheldon said he's also not convinced Trump's threatened tariffs would even be feasible under USMCA. He expects that Mexico would immediately file a dispute with the USMCA dispute resolution mechanism.And it could lead Mexico to retaliate against the US, Sheldon added."We have this integrated market in North America, and we're already in a trade dispute with Mexico over genetically modified corn," Sheldon told BI. "It seems counterproductive to me to potentially exacerbate trade relations with one of our large trading partners. It doesn't make any sense to me."Hufbauer also cautioned that such a tariff, if it were to be imposed, would weaken US-Mexico relations."The immediate effect would be very hostile relations with Mexico," Hufbauer told BI, adding that, with <a target="_blank" class="" href="https://usafacts.org/articles/who-are-the-uss-top-trade-partners/#:~:text=Over%2050%25%20of%202023%20US,China%2C%20Germany%2C%20and%20Japan.&amp;text=Home%20/%20Economy%20/%20Articles%20/%20Who,all%20US%20trade%20in%202023.">Mexico as the US's biggest trading partner</a>, the US would have a lot to lose."So we get a higher cost of a lot of products in the US that we are now accustomed to having from Mexico," Hufbauer said."It's going to be costly for the US," he continued. "But beyond that, if we get into a hostile trading relation with Mexico, that's going to reverberate down into Central America and South America for sure. It'll start with Mexico, and you're just going to get many parts of the Western Hemisphere feeling pretty hostile about the US."Experts say it could also cost American consumers.Nicole Bivens Collinson, managing principal at international trade law and policy law firm Sandler, Travis &amp; Rosenberg, said that any tariffs applied to products are ultimately paid by the consumer.Coppess said there would also be concerns about equipment availability.It's not the first time <a target="_blank" class="" href="https://www.businessinsider.com/trumps-threat-cut-gms-electric-car-subsidies-meaningless-2018-11">Trump has threatened companies</a> and Trump's threat to impose <a target="_blank" class="" href="https://www.businessinsider.com/trump-warns-that-companies-leaving-the-us-will-face-retribution-2016-12">large tariffs on imports</a> also isn't new. In fact, it's a pillar of his economic policies.<a target="_blank" href="https://www.businessinsider.com/trump-tariff-plan-inflation-policy-impact-trade-war-china-rates-2024-5">Trump has already vowed to implement a 10% tariff</a> on all imports in the US and a 60% tariff on Chinese imports. The former president also called for 100% tariffs on cars produced in Mexico at a speech in Georgia on Tuesday.The Republican candidate's goal is to bring production back to the US, but some <a target="_blank" class="" href="https://www.businessinsider.com/trump-tariff-plan-inflation-policy-impact-trade-war-china-rates-2024-5">economists have said the plan could increase inflation</a>."The word tariff properly used is a beautiful word…A lot of bad people didn't like that word, but now they're finding out I was right, and we will take in hundreds of billions of dollars into our treasury and use that money to benefit the American citizens," Trump said in a statement to BI."And it will not cause inflation, by the way," Trump added.Trump's tariff goals going into the next election go beyond his former policy on international imports. During Trump's presidency, the US imposed a <a target="_blank" class="" href="https://www.businessinsider.com/trump-china-trade-war-list-of-goods-tariffs-2018-9">25% tariff on various Chinese goods</a>, including steel and industrial equipment.China retaliated with its own <a target="_blank" href="https://www.businessinsider.com/china-tariff-soybeans-blow-to-donald-trump-voters-states-2018-4">tariffs on US imports, including on soybeans</a>, the <a target="_blank" class="" href="https://www.mda.state.mn.us/sites/default/files/inline-files/profilechina.pdf">biggest agricultural import to China from the US</a>.Collinson said it's uncommon for farmers to get every component that goes into a tractor from the US. She said many products can not be fully manufactured in the US yet.Imposing a 200% tariff on the company for manufacturing in Mexico would be one way to "kill a company," Collinson said."Our farmers today are already spending hundreds of thousands, sometimes millions on farm equipment," Collinson said. "If you're going to make it more expensive, they can no longer farm. You're pricing them out of the equipment."Collinson said the both administrations could be doing better though and there needs to be a holistic reexamination of the tariffs in place.Kamala Harris' campaign did not respond to a request for comment from Business Insider.

Trump is threatening tariffs on yet another business — and economists say it makes no sense   

<ul><li>Reliance <keyword id="2003276" type="General" weightage="80" keywordseo="jio" source="Orion">Jio</keyword> and Bharti <keyword id="15491" type="General" weightage="80" keywordseo="airtel" source="Orion">Airtel</keyword> are waiting it out and getting their users hooked onto 5G before hiking tariffs. </li><li>Elevated subscriber churn has also acted as a barrier against <keyword id="891186" type="General" weightage="20" keywordseo="tariff-hikes" source="Orion">tariff hikes</keyword>, according to analysts. </li><li>Enhancing 5G utilization also lets Jio and Airtel grab market share from <keyword id="1553175" type="General" weightage="80" keywordseo="vodafone-idea" source="Orion">Vodafone Idea</keyword>, which is yet to launch its 5G services. </li></ul>There is a broad consensus amongst both telecom companies’ management and analysts that the sector needs another round of tariff hikes, but <keyword id="6383126" type="General" weightage="100" keywordseo="telcos" source="Orion">telcos</keyword> seem shy of blinking first this time around amidst a rise in subscriber churn. While analysts have noted multiple times that tariff hikes are imminent, telecom companies are yet to bite the bullet. Bharti Airtel, the second largest telco, had said in Q2 that there is a<a href="https://www.businessinsider.in/business/telecom/news/bharti-airtel-reports-89-yoy-increase-in-q2-net-profit-to-2145-crore/articleshow/95207348.cms"> “need for tariff correction”</a>, while Vodafone Idea said during its Q1 investor call that a<a href="https://www.businessinsider.in/business/telecom/news/vi-betting-on-tariff-hike-as-it-lost-over-10-million-every-day-in-q1-fy23/articleshow/93348828.cms"> tariff hike is necessary</a> before the end of 2022. Curiously enough, neither telco touched upon tariff hikes in their respective Q3 earnings. Global brokerage Jefferies had noted that it expects Bharti Airtel and Reliance Jio to hike tariffs by 10% each in Q4 of FY23, FY24 and FY25. So far, however, tariff hikes have not materialized and telcos don’t seem to be in any major rush going by the lack of commentary in this regard in their latest earning calls. <cmsannotation type="cmsannotation" annotationid="Telcos want to get users hooked onto 5G" comment="subhead" text="Telcos want to get users hooked onto 5G">Telcos want to get users hooked onto 5G</cmsannotation> The high cost associated with the acquisition of 5G spectrum and the rollout of 5G services means that tariff hikes remain a key trigger for telecom companies. However, for now, Airtel and Jio are focusing on expanding the availability of their 5G networks and getting users hooked onto the higher data speeds before hiking tariffs. According to the analysts Jefferies, Jio and Airtel are also grabbing market share at the expense of Vodafone Idea, which is struggling to roll out its 5G services due to a fund crunch. “We believe there is greater uncertainty on tariff hikes in the near term given that large capacity creation with 5G will shift focus on boosting utilization. Moreover, focus on market share will rise amidst moderating data subscriber growth and Vodafone Idea’s worsening situation,” said a Jefferies report. <div type="image" title="Telecom market share April-Dec 2Jan-22_31.13_35.49_23.15 Feb-22_31.37_35.28_23.09 Mar-22_31.55_35.37_22.83 Apr-22_31.61_35.5_22.68 May-22_31.62_35.69_22.56 Jun-22_31.63_36_22.37 Jul-22_31.66_36.23_22.22 Aug-22_31.." msid="98123501" hostid="261" sizebytes="30376" caption="&amp;lt;p&amp;gt;Telecom market share FY23&amp;lt;/p&amp;gt;"></div> Telcos are also wary of the elevated subscriber churn, and a tariff hike at this point could worsen it. “We are not baking in any tariff hikes at all in the calendar year 2023. We believe it will be difficult for operators to do another 20% hike, as subscribers found it difficult to absorb the last 20% hikes, leading to heightened churn,” JP Morgan said in a note. However, analysts at Jefferies were relatively less bearish on the prospect of tariff hikes, saying that we could see one round of hikes by March 2023. Going forward, the brokerage believes that telcos could resort to hiking 4G tariffs and driving up usage of 5G services by offering larger data bundles at a lower cost per GB. “While 5G is unlikely to drive up ARPUs without tariff hikes, it will help Bharti Airtel and Reliance Jio gain market share from Vodafone Idea," JP Morgan added. For context, Reliance Jio’s 5G services are available in 277 cities across the country, while Airtel’s 5G services are available in 133 cities. Vodafone Idea, on the other hand, is yet to officially roll out its 5G services. Going forward, the direction telcos choose in monetising 5G will be key in determining the timing and quantum of tariff hikes. <cmsannotation type="cmsannotation" annotationid="Lack of tariff hikes results in marginal uptick in ARPU" comment="subhead" text="Lack of tariff hikes results in marginal uptick in ARPU">Lack of tariff hikes results in marginal uptick in ARPU</cmsannotation> The lack of tariff hikes has also resulted in only a marginal uptick in the average revenue per user (ARPU) of the three telcos. While Jio’s ARPU <a href="https://www.businessinsider.in/business/telecom/news/reliance-jios-net-profit-up-3-2-sequentially-at-4881-crore-in-q3-on-better-subscriber-mix/articleshow/97179677.cms">increased 1.8%</a> sequentially, Vodafone Idea <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-q3-net-loss-widens-to-7990-crore-average-revenue-per-user-edges-up-to-135/articleshow/97939836.cms">reported</a> a 3% increase. Airtel, on the other hand, <a href="https://www.businessinsider.in/business/telecom/news/bharti-airtel-q3-net-profit-jumps-91-to-1588-crore-misses-estimates/articleshow/97698481.cms">reported</a> a 1.6% increase due to premiumisation. The increase in 4G usage also helped Jio and Airtel post a moderate uptick in their revenue – while Jio’s revenue increased marginally by 2.4% sequentially in Q3, Airtel reported a 3.7% topline growth. According to the analysts at JM Financial, this revenue uptick was due to an increase in 4G subscribers – while Jio’s subscriber base grew by 4.55 million, Airtel reported an increase of 3.39 million during the December quarter. Vodafone Idea, on the other hand, reported a decline of 7.81 million subscribers during this period. However, the analysts at Jefferies believe that the government picking up a 33% stake in Vodafone Idea has improved the outlook for tariff hikes in the longer term. SEE ALSO: <a href="https://www.businessinsider.in/finance/banks/news/indian-banks-dream-run-could-soon-be-over-as-deposit-rates-start-catching-up-to-lending-rates/articleshow/98117219.cms">Indian banks’ dream run could soon be over as deposit rates start catching up to lending rates</a> <a href="https://www.businessinsider.in/tech/news/microsoft-bing-chatgpt-gives-death-threats-tries-to-break-a-marriage-and-more/articleshow/98091746.cms">Skynet, anyone? Microsoft’s Bing AI gives death threats, tries to break a marriage and more</a> <a href="https://www.businessinsider.in/stock-market/news/adani-group-stocks-meltdown-continues-on-monday/articleshow/98084715.cms">Adani group stocks meltdown continues on Monday – Adani Enterprises sees the biggest decline</a>

Wary of churn, telcos want to get users hooked onto 5G before hiking tariffs

<ul class="summary-list"><li>Trump's proposed tariffs would lower S&amp;P 500 earnings as much as 4.7% next year, Barclays said.</li><li>The presidential candidate has pledged to unleash universal tariffs on all US trade if elected.</li></ul>Donald Trump's plan to tax virtually all US imports would take a big toll on 2025 earnings, according to Barclays research.Current outlooks view the election as a coin toss between Trump and Kamala Harris, his Democratic rival. But the outcome has high stakes for trade policy, as the former president has committed to unleashing trade barriers around the US."Other countries are going to finally, after 75 years, pay us back for all that we've done for the world. And the tariff will be substantial in some cases," Trump said during the presidential debate on Tuesday.He previously said that if elected president, all countries could face a <a target="_blank" class="" href="https://www.businessinsider.com/trump-tariff-plan-inflation-policy-impact-trade-war-china-rates-2024-5">10% universal tariff</a>, while duties on Chinese products would reach as high as 60%. A <a target="_blank" href="https://www.cnn.com/2024/03/16/politics/trump-bloodbath-auto-industry-election/index.html">100% tariff</a> on cars imported through Mexico could also be in store, Barclays cited him as saying.If implemented, the bank expects these policies to cut into the <a target="_blank" class="" href="https://markets.businessinsider.com/index/s&amp;p_500?utm_source=markets&amp;utm_medium=ingest%3Futm_source%3Dmarkets&amp;utm_medium=ingest&amp;utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">S&amp;P 500's</a> earnings.To be sure, US firms have some way of navigating higher costs associated with tariffs, Barclays said. That includes shifting supply chains or passing prices on to consumers.But import duties will hit profit margins to a degree, as companies risk losing market share if they don't absorb some of the costs."We find that SPX earnings would be negatively impacted by 3.2% if the new Trump tariffs are enacted and another 1.5% if those countries were to retaliate with similar measures," analysts wrote on Thursday.Companies that rely more heavily on supply chains are especially at risk, with five sectors in most danger: materials, discretionary, industrials, technology, and healthcare, Barclays said.Discretionary stocks would suffer the largest earnings-per-share impact from import tariffs alone — sector earnings would fall around 10%, Barclays data showed.Meanwhile, materials is most impacted by retaliatory tariffs on exports. Sector earnings here would drop close to 8%.Other economists have <a target="_blank" href="https://www.businessinsider.com/trump-tariff-trade-tax-proposal-inflation-interest-rates-outlooks-predictions-2024-7">loudly criticized Trump's tariff idea</a> as fuel for inflation, given that prices will rise amid a pullback in foreign products.According to Barclays, inflation would climb 0.09 percentage points in the short run, and US GDP could take a 1.2% hit in the first 12 months."While the new proposed tariffs would have a modest direct negative impact on corporate earnings if implemented, the second order effects from higher cost inflation and slowing economic growth would be an incremental headwind to corporate earnings, and cause further pain," the bank said.

These 5 parts of the stock market are most at risk if Trump wins the election and implements wide-reaching tariffs, Barclays says

<ul><li><keyword id="1553175" type="General" weightage="100" keywordseo="vodafone-idea" source="Orion">Vodafone Idea</keyword> today told analysts that another round of tariff hikes is likely before the end of 2022.</li><li>The telco also needs a tariff hike boost more than its rivals Airtel and Jio do, as it struggles to retain subscribers and its current ARPU levels are much lower than those of its rivals.</li><li>The telco lost 15 million subscribers and the gap between its total and active subscribers is increasing too. </li></ul>India’s third largest telecom provider Vodafone Idea today said that another tariff hike is possible before the end of 2022 as it looks for a margin boost to improve its liquidity. In an analyst concall today, Vodafone Idea’s CEO <keyword id="5188531" type="General" weightage="50" keywordseo="ravinder-takkar" source="Orion">Ravinder Takkar</keyword> said the “time is right to think about a further price hike”. “Tariff hike environment is right and we won’t hesitate to take leadership in hiking prices,” Takkar said. “Customers have taken November tariff hikes very well. Almost all of it has flown to our ARPU numbers. Another tariff hike is possible by the end of the year,” he added further, noting that average revenue per user or ARPU has increased consistently from ₹104 a year ago to ₹128 now. Even as it is earning more from its customers, it has lost 15 million subscribers during the same period. While its revenue grew nearly 14% to ₹10,407 crore in the first quarter as compared to last year, it posted a massive net loss of ₹7,297 crore. The gap between its total and active subscribers is also widening, suggesting that more users than before do not have an active plan. <cmsannotation type="cmsannotation" annotationid="Subscriber churn remains a big problem – Vi is betting on value added services to improve stickiness" comment="subhead" text="Subscriber churn remains a big problem – Vi is betting on value added services to improve stickiness">Subscriber churn remains a big problem – Vi is betting on value added services to improve stickiness</cmsannotation> For now, Vodafone Idea is betting on its <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-partners-with-nazara-tech-to-foray-into-mobile-gaming/articleshow/90198674.cms">partnership with Rakesh Jhunjhunwala-backed Nazara Tech for online gaming</a>, and other streaming services like Netflix, Amazon Prime Video, Hotstar, Zee5 and others to maintain subscriber stickiness. <div type="image" title="Vodafone Idea subscribers Q1 FY22 to Q1 FY23." msid="93348841" hostid="261" caption="&amp;lt;p&amp;gt;Vodafone Idea subscribers&amp;lt;/p&amp;gt;"></div> The only positive, though, is that the number of 4G subscribers have increased, from 113 million a year ago to 119 million now. Still, this is less than half of Vodafone Idea’s total subscriber base. <div type="Article" hostid="261" msid="93312184" title="5G services might kickoff in October but your mobile bills could rise sooner" mstype="2" mssubtype="0"></div> <cmsannotation type="cmsannotation" annotationid="Consumer engagement is falling, too" comment="subhead" text="Consumer engagement is falling, too">Consumer engagement is falling, too</cmsannotation> What should also concern Vodafone Idea is consumer engagement on its platform, which has declined both in terms of voice as well as data consumption. <div type="image" title="Vodafone Idea data voice arpu Q1 FY22 to Q1 FY23." msid="93348873" hostid="261" caption="&amp;lt;p&amp;gt;Vodafone Idea&amp;#39;s consumer engagement metrics&amp;lt;/p&amp;gt;"></div> <cmsannotation type="cmsannotation" annotationid="5G will likely be at a premium to 4G, but rollout unknown" comment="subhead" text="5G will likely be at a premium to 4G, but rollout unknown">5G will likely be at a premium to 4G, but rollout unknown</cmsannotation> Thanks to its liquidity concerns, Vodafone Idea’s bids in the recently-concluded <a href="https://www.businessinsider.in/business/telecom/news/heres-how-much-mobile-bills-can-increase-from-5g-network-service/articleshow/93312184.cms">5G spectrum auctions</a> were 2.3x and 4.6x lower than its rivals Airtel and <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-posts-a-moderate-5-increase-in-profits-in-q1-fy23-adds-10-million-new-subscribers/articleshow/93058640.cms">Reliance Jio</a>, respectively. To make matters worse, the company has not committed to any particular launch date for 5G services, yet. Its rivals Airtel and Reliance Jio are <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-5g-services-could-be-launched-on-august-15/articleshow/93341992.cms">likely to launch</a> their services in this very month. Vodafone Idea’s financial metrics at a glance: <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Q1 FY23 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Q4 FY22 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 1pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Q1 FY22 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹10,407 crore </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹10,229 crore </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 1pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹9,144 crore </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net profit </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">-₹7,297 crore </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">-₹6,561 crore </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">-₹7,319 crore </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Net margin </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">-70% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">-64% </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">-80% </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">ARPU </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹128 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹124 </td><td style="border-left:solid #000000 0.5pt;border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹104 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table> Source: Company reports The telco also lost over $10 million a day during Q1 FY23 – largely due to finance costs. Its limited resources have forced the telco to focus investments in its core circles and reduce capex as much as possible. This is evident from the fact that Vodafone Idea has undertaken refarming 2G and 3G spectrum to 4G to minimize costs and enhance its capacities. Takkar also said he hopes 5G will be at a premium to 4G, but that would also likely mean users will get higher data allowances to make up for it. While the company underlined that the ₹4,940 crore equity infusion by its promoters shows they are confident about its prospects, it refrained from revealing any information about future fundraising plans. <div type="javascript" title="Custom" contenttype=""><cdata><![CDATA[]]></cdata></div> SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/nifty-sensex-fall-after-a-6-session-streak-amid-china-taiwan-crisis/articleshow/93341328.cms">Markets snap their six-day winning streak with a marginal fall</a> <a href="https://www.businessinsider.in/finance/news/rbi-and-us-fed-policies-are-more-similar-than-you-think/articleshow/93329850.cms">RBI and US Fed policies are more similar than you think</a> <a href="https://www.businessinsider.in/business/telecom/news/heres-how-much-mobile-bills-can-increase-from-5g-network-service/articleshow/93312184.cms">5G services might kickoff in October but your mobile bills could rise sooner</a>

VI betting on tariff hike as it lost over $10 million every day in Q1 FY23

<ul><li>Earnings of Indian telecom companies are headed for a moderation in Q4 amidst a lack of significant tariff hikes. </li><li>Analysts expect a rise in data usage and users upgrading to 4G/5G to lift the average revenue per user (ARPU) as well as margins. </li><li><keyword id="2003276" type="General" weightage="80" keywordseo="jio" source="Orion">Jio</keyword> and <keyword id="15491" type="General" weightage="80" keywordseo="airtel" source="Orion">Airtel</keyword>’s focus on aggressive expansion of 5G coverage across the country is also expected to keep their capital expenditure elevated.</li></ul>Indian telecom companies are likely to report a moderation in Q4 earnings amidst a lack of significant tariff hikes. An expected slowdown in market share gains of leading telcos Reliance Jio and Bharti Airtel at the expense of <keyword id="1553175" type="General" weightage="80" keywordseo="vodafone-idea" source="Orion">Vodafone Idea</keyword> is also expected to weigh on the quarterly results. Analysts, however, expect an increase in data usage and users upgrading to 4G/5G to boost the average revenue per user (ARPU) as well as margins. According to a report by Motilal Oswal, Jio and Airtel are expected to report a 4-5% sequential growth in data usage in Q4, while Vodafone Idea is expected to see a 1% increase. “The industry continues to see outsized churn in the lower ARPU segments given the sharp hike in entry-level prepaid tariff in the last 18-24 months. Hence, subscriber (subs) addition is likely to remain muted,” said a report by JM Financial referring to the increase in base tariffs, like Airtel’s ₹99 plan that was increased to ₹155. Analysts expect Jio to lead in terms of revenue growth at 13.6% year-on-year, followed closely by Airtel at 12.9%. Vodafone Idea is expected to come in third at 2.6%. Overall, though, analysts at JM Financial have Airtel as their top pick. “Bharti is the biggest beneficiary of higher tariffs given the sticky and premium quality of its subs, ensuring that tariff hikes flow through to ARPU.” <cmsannotation type="cmsannotation" annotationid="Airtel to extend its lead over rivals in ARPU" comment="subhead" text="Airtel to extend its lead over rivals in ARPU">Airtel to extend its lead over rivals in ARPU</cmsannotation> While Jio has kept its tariffs unchanged, Airtel has hiked the price of its base plan of ₹99 to ₹155 in all the 22 circles, after testing the waters in Q3. This will help the telco increase its ARPU a tad higher than its peers – analysts at Motilal Oswal expect Airtel’s ARPU to increase to ₹197 from ₹193. Jio and Vodafone Idea are expected to report a ₹2 increase in their ARPUs to ₹179 and ₹137, respectively. In addition to this, the brokerage also expects SIM consolidation – wherein subscribers dump extra SIM cards and retain their primary one – to aid ARPU growth. Once again, Airtel and Jio could emerge as the top gainers with a 2-3% sequential growth while it is expected to be flat for Vodafone Idea. <cmsannotation type="cmsannotation" annotationid="Jio and Airtel’s unlimited 5G plans to aid market share gains" comment="subhead" text="Jio and Airtel’s unlimited 5G plans to aid market share gains">Jio and Airtel’s unlimited 5G plans to aid market share gains</cmsannotation> Adding to the woes of Vodafone Idea, Jio and Airtel’s unlimited 5G plans, starting at ₹239 per month, are expected to help the latter two gain market share at the expense of the former. The analyst consensus is that Jio and Airtel could gain between 1-2% subscribers during the quarter, while Vodafone Idea is expected to lose 1% of its subscribers. That said, the subscriber loss for Vodafone Idea could be lower in Q4 on a sequential basis, at 3 million versus 5-6 million in the previous two quarters. <cmsannotation type="cmsannotation" annotationid="Capital expenditure to remain elevated due to 5G rollout" comment="subhead" text="Capital expenditure to remain elevated due to 5G rollout">Capital expenditure to remain elevated due to 5G rollout</cmsannotation> Jio and Airtel’s focus on aggressive expansion of 5G coverage across the country will result in high capital expenditure outlays, according to brokerages. While <keyword id="6668253" type="General" weightage="20" keywordseo="jio-5g" source="Orion">Jio 5G</keyword> is currently available in over 400 cities across India, Airtel has taken a lead and expanded to over 500 cities. For context, Airtel and Jio had 5G coverage in 66 and 70 cities respectively in December 2022. “We expect their capex to remain elevated in 4QFY23 and may increase further from previous quarters,” Motilal Oswal said. While Jio targets pan-India 5G coverage by December 2023, Airtel is aiming to cover all major cities by the end of March 2023. All in all, Jio’s capex outlay for 5G rollout, including spectrum costs, is ₹2 lakh crore. Airtel, on the other hand, has an outlay of ₹75,000 crore. With the pace of rollout expected to increase from here on, the capex is expected to increase at the same pace. Vodafone Idea’s 5G rollout will depend on its fundraising, the details of which are unclear at the moment. Analysts at ICICI Securities expect Airtel to call for the second tranche of payment for its ₹21,000 crore rights issue to fund its 5G capex – the telco had announced it back in October 2021. Overall, the gap between the leaders – Jio and Airtel, and the laggard – Vodafone Idea, is<a href="https://www.businessinsider.in/business/telecom/news/increased-competition-delayed-tariff-hikes-could-effectively-lead-to-a-jio-airtel-duopoly/articleshow/99065537.cms"> expected to continue to widen in Q4</a> in all critical aspects like revenue, profit, ARPU and subscribers. The lack of a fundraise too has delayed Vodafone Idea’s 5G rollout, which is only making matters worse for the telco. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/increased-competition-delayed-tariff-hikes-could-effectively-lead-to-a-jio-airtel-duopoly/articleshow/99065537.cms">Increased competition, delayed tariff hikes could effectively lead to a Jio-Airtel duopoly</a> <a href="https://www.businessinsider.in/finance/news/rbi-revises-indias-fy24-growth-outlook-expects-softer-inflation-on-the-back-of-lower-commodity-prices/articleshow/99290005.cms">RBI revises India’s FY24 growth outlook, expects softer inflation on the back of lower commodity prices</a> <a href="https://www.businessinsider.in/finance/news/rbis-monetary-policy-committee-keeps-repo-rate-unchanged-at-6-5/articleshow/99284354.cms">RBI’s Monetary Policy Committee keeps repo rate unchanged at 6.5%, for now</a>

Telecom companies’ Q4 revenue likely to moderate due to lack of significant tariff hikes

<ul><li>The Indian <keyword id="6354776" type="General" weightage="20" keywordseo="telecom" source="Orion">telecom</keyword> sector runs the risk of turning into a duopoly of <keyword id="6354504" type="General" weightage="50" keywordseo="reliance-jio" source="Orion">Reliance Jio</keyword> and <keyword id="15491" type="General" weightage="80" keywordseo="airtel" source="Orion">Airtel</keyword>. </li><li>The lack of tariff hikes and 5G monetisation being pushed back would hurt <keyword id="1553175" type="General" weightage="80" keywordseo="vodafone-idea" source="Orion">Vodafone Idea</keyword>’s survival the most, according to analysts. </li><li>At the same time, <keyword id="2003276" type="General" weightage="100" keywordseo="jio" source="Orion">Jio</keyword> and Airtel are aggressively pursuing the hunt for premium subscribers, extending the gap between themselves and Vodafone Idea even more.</li></ul>The Indian telecom sector could turn into a two-player game with both Reliance Jio and Bharti Airtel stepping up the gas to attract premium subscribers with new postpaid offerings and unlimited 5G data, while the struggling Vodafone Idea is yet to kick off its 5G services despite bagging spectrum last year. Analysts have underlined multiple times that tariff hikes by Indian telecom companies are imminent, however, that has yet to come to fruition. This is despite Bharti Airtel stating that there is a<a href="https://www.businessinsider.in/business/telecom/news/bharti-airtel-reports-89-yoy-increase-in-q2-net-profit-to-2145-crore/articleshow/95207348.cms"> “need for tariff correction”</a> and Vodafone Idea stressing that a<a href="https://www.businessinsider.in/business/telecom/news/vi-betting-on-tariff-hike-as-it-lost-over-10-million-every-day-in-q1-fy23/articleshow/93348828.cms"> tariff hike is necessary</a> before the end of 2022. Earlier, global brokerage Jefferies noted that it expects Bharti Airtel and Reliance Jio to hike tariffs by 10% each in Q4 of FY23, FY24 and FY25. To be clear, Airtel has increased the price of its base plan from ₹99 to ₹155 across all the telecom circles in India – but that is the extent of price hikes so far. “A delayed tariff hike while negative for the sector, would hurt Vi’s survival hopes the most, and could effectively lead to a duopoly, likely resulting in accelerated market share gains for Bharti and Reliance Jio,” said a report by Kotak Institutional Equities. <cmsannotation type="cmsannotation" annotationid="Vodafone Idea: Caught between a rock and a hard place" comment="subhead" text="Vodafone Idea: Caught between a rock and a hard place">Vodafone Idea: Caught between a rock and a hard place</cmsannotation> Jio is on the offensive on multiple fronts to attract premium subscribers – including 5G, postpaid segment, and now pay TV via its ₹198 broadband plan. Airtel, too, has aggressively expanded its 5G presence and is now matching Jio in terms of data allowance. With tariff hikes and 5G monetization on the back burner, Vodafone Idea is caught between a rock and a hard place. With a subscriber loss of over 5.3 million between October and December 2022, 5G launch still not being on the horizon, and the lack of a fundraise so far, would hurt Vodafone Idea’s survival the most. “Vodafone Idea (Vi) stares at a cash shortfall of ₹5,500 crore over the next 12 months and a delay in tariff hike/fund-raise; this could lead to Vi shutting shop and accelerated market share gains for Reliance Jio and Bharti,” said the Kotak report. If Vodafone Idea unilaterally increases tariffs, it risks accelerating subscriber loss. If it doesn’t, its ARPUs remain suppressed even as it continues to lose a large number of subscribers every month. <cmsannotation type="cmsannotation" annotationid="The hunt for premium subscribers" comment="subhead" text="The hunt for premium subscribers">The hunt for premium subscribers</cmsannotation> Jio and Airtel are both on the hunt for premium subscribers – absent any tariff hikes, luring premium subscribers is the only other way to increase the average revenue per user (ARPU), a critical metric in measuring a telecom company’s performance. These premium subscribers can be of two types – those with a postpaid account, and those who consume a lot of data. <cmsannotation type="cmsannotation" annotationid="Jio’s postpaid push" comment="subhead" text="Jio’s postpaid push">Jio’s postpaid push</cmsannotation> In the first case, Jio’s latest postpaid offerings give users 75-100GB of high speed 4G data, with plans starting at ₹399 per month, with ₹99 additional charge per user. “The new family postpaid plans effectively cap the customer outgo at ₹205-235 per month and provide an arbitrage for higher-end prepaid subscribers to move to family postpaid [plans] to reduce their outgo per connection,” said a report by Kotak Institutional Equities. For context, Jio’s ARPU as of the December 2022 quarter is ₹178.2. <cmsannotation type="cmsannotation" annotationid="Airtel matches Jio with unlimited 5G data" comment="subhead" text="Airtel matches Jio with unlimited 5G data">Airtel matches Jio with unlimited 5G data</cmsannotation> The other option is attracting users who consume a lot of data. After limiting its 5G users to existing allowances as per 4G plans, Airtel is now offering unlimited 5G data just like Jio. While both Airtel and Jio are not charging anything extra for 5G services yet, unlimited data is a ploy to get users hooked onto 5G speeds which have touched as much as 1.5Gbps in some cases. “We believe there is greater uncertainty on tariff hikes in the near term given that large capacity creation with 5G will shift focus on boosting utilization,” said a Jefferies report. Both Airtel and Jio are in a race to expand their 5G coverage – after trailing Jio for several weeks, Airtel now has 5G in over 500 cities, while <keyword id="6668253" type="General" weightage="20" keywordseo="jio-5g" source="Orion">Jio 5G</keyword> is available in 406 cities. In sharp contrast, Vodafone Idea is yet to launch its 5G services, and since Airtel and Jio went live with 5G services in October, the telco has lost over 5.3 million subscribers. According to the analysts at Kotak, multiple state elections and the 2024 general elections could force telcos to push back tariff hikes, and also give them enough time to build out their 5G coverage across the country. However, this makes matters worse for Vodafone Idea which has the lowest ARPU of the three telcos at just ₹135. <cmsannotation type="cmsannotation" annotationid="Jio’s broadband backup plan ‘disruptive’" comment="subhead" text="Jio’s broadband backup plan ‘disruptive’">Jio’s broadband backup plan ‘disruptive’</cmsannotation> Apart from its new postpaid plans and unlimited 5G data, Jio has also announced an affordable new fibre broadband plan priced at ₹198 per month, branding it as a “broadband backup plan”. However, the analysts at ICICI Securities think it could actually disrupt cable TV providers, as well as Airtel’s direct-to-home (DTH) business. “We believe the new plan is targeted at cable user who has seen significant rise in cable bills and drop in the number of channels. The new plan by Reliance Jio will offer more content (OTT + live TV) and fixed broadband data at largely pay TV prices,” said a report by ICICI Securities, adding that IPL 2023, which will be streamed for free via the JioCinema app will help boost the adoption of Jio’s ₹198 broadband plan. According to the analysts at JP Morgan, this new plan will help the company expand the total addressable market of fixed broadband market, which currently stands at just 30 million. For comparison, the cable/DTH market has 110-130 million customers, according to the ICICI Securities report. “Jio is playing offence as it pivots to a focus on premium subscribers. We expect this disruptive innovation at the bottom of the market to put pressure on Bharti,” the JP Morgan report said. For now, Vodafone Idea will have to figure out a way to stem its subscriber loss and prevent further erosion of its market share. Launch of 5G services and aggressively expanding its coverage in key circles should help the telco. It remains to be seen if it comes to fruition or not, though. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/top-chatgpt-4-plugins-from-math-physics-and-language-tutor-to-vacation-planner/articleshow/99036667.cms">Top ChatGPT 4 plugins: From math, physics and language tutor to vacation planner</a> <a href="https://www.businessinsider.in/finance/banks/news/rbis-mpc-could-pause-rate-hikes-in-april-to-gauge-the-impact-of-hikes-so-far-sbi-research/articleshow/99030220.cms">RBI’s MPC could pause rate hikes in April to gauge the impact of hikes so far: SBI Research</a> <a href="https://www.businessinsider.in/business/corporates/news/layoffs-coming-to-the-indian-it-sector-analysts-say-accentures-jobs-cuts-offers-a-blueprint/articleshow/98970175.cms">Layoffs coming to the Indian IT sector? Analysts say Accenture’s jobs cuts offers a ‘blueprint’</a>

Increased competition, delayed tariff hikes could effectively lead to a Jio-Airtel duopoly

<ul><li><keyword id="1553175" type="General" weightage="80" keywordseo="vodafone-idea" source="Orion">Vodafone Idea</keyword> has announced a tariff hike, increasing the prices of its popular plans by up to 25%.</li><li>The revised tariffs will come into effect from November 25.</li><li>Here are the new tariffs from <keyword id="15492" type="General" weightage="100" keywordseo="vodafone" source="Orion">Vodafone</keyword> Idea.</li></ul>A day after Airtel announced a <a href="https://www.businessinsider.in/business/telecom/news/airtels-popular-prepaid-plans-may-now-cost-you-up-to-25-more/articleshow/87840177.cms">tariff hike</a>, Vodafone Idea has announced a similar tariff revision, hiking the prices of its popular plans by up to 25%. The company’s base plan now starts at ₹99. The revised tariffs from Vodafone Idea will be applicable from November 25. Users who recharge prior to November 25 will be able to avail the existing tariffs. The company claimed the reason to increase its tariffs was to improve its average revenue per user (ARPU). Vodafone Idea has the lowest ARPU in the industry at ₹104. The Mukesh Ambani-led telco Reliance Jio has an ARPU of ₹144 and Airtel has an ARPU of ₹153. “The new plans will start the process of ARPU improvement and help address the financial stress faced by the industry,” the company said in a statement. <cmsannotation type="cmsannotation" annotationid="Vodafone Idea revised plans" comment="subhead" text="Vodafone Idea revised plans">Vodafone Idea revised plans</cmsannotation> <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#000000;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Current tariff </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#000000;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Revised tariff </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#000000;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">Increase </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#000000;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">% increase </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹79 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹99 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹20 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">25.32 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹149 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹179 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹30 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.13 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹219 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹269 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹50 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">22.83 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹249 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹299 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹50 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.08 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹299 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹359 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹60 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.07 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹399 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹479 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹80 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.05 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹449 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹539 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹90 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.04 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹379 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹459 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹80 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">21.11 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹599 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹719 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹120 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.03 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹699 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹839 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹140 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.03 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1499 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹1799 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹300 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.01 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹2399 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹2899 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹500 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.84 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹48 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹58 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹10 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.83 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹98 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹118 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹20 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">20.41 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹251 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹298 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹47 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;background-color:#d9d9d9;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">18.73 </td></tr><tr><td style="border-left:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹351 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹418 </td><td style="border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">₹67 </td><td style="border-right:solid #000000 0.5pt;border-bottom:solid #000000 0.5pt;border-top:solid #000000 0.5pt;vertical-align:bottom;padding:0pt 5.75pt 0pt 5.75pt;overflow:hidden;overflow-wrap:break-word;">19.09 </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>The base plan will now cost ₹99, up from the current price of ₹79. The popular ₹599 plan will now cost users ₹719, an increase of ₹120. The price of the annual plan has been increased by ₹500 and will now cost ₹2,899. The last major tariff revision was in December 2019, when the three telcos, Airtel, Vodafone and Jio announced a<a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-may-still-have-the-cheapest-plan-on-offer-as-airtel-and-vodafone-idea-have-a-lead-on-telecom-tariffs/articleshow/72335722.cms"> tariff hike</a>. Jio is the only telco left that has not revised its tariffs. We expect a similar announcement from the company in the coming days. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/jio-is-slowing-down-in-the-race-to-500-million-subscribers/articleshow/87862415.cms">Jio is slowing down in the race to 500 million subscribers – a goal set by none other than Mukesh Ambani</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-has-lost-nearly-a-billion-dollars-every-three-months-this-year/articleshow/87669146.cms">Vodafone Idea has lost nearly a billion dollars every three months this year</a> <a href="https://www.businessinsider.in/business/telecom/news/airtels-popular-prepaid-plans-may-now-cost-you-up-to-25-more/articleshow/87840177.cms">Airtel’s popular prepaid plans may now cost you up to 25% more</a>

You Searched For "vodafone idea new tariff" and got 12 results

Jio, Airtel, Vi record customer loss post tariff hike, BSNL becomes only gainer in July

PTI

Mobile recharge packs to get more expensive as telcos gear up for another round of tariff hikes: Report

Kunal Kambli

Vodafone Idea seals Rs 30,000 crore deal with Nokia, Ericsson, and Samsung for 4G and 5G expansion

BI India Bureau

Vodafone Idea to raise Rs 615 crore through preferential shares allotment to Nokia and Ericsson India

ANI

Mark Cuban says Trump seems to have 'a new tax cut or tariff' for every city he visits

Kwan Wei Kevin Tan

Trump is threatening tariffs on yet another business — and economists say it makes no sense

Ana Altchek,Grace Eliza Goodw…

Wary of churn, telcos want to get users hooked onto 5G before hiking tariffs

Rounak Jain

These 5 parts of the stock market are most at risk if Trump wins the election and implements wide-reaching tariffs, Barclays says

Filip De Mott

VI betting on tariff hike as it lost over $10 million every day in Q1 FY23

Rounak Jain

Telecom companies’ Q4 revenue likely to moderate due to lack of significant tariff hikes

Rounak Jain

Increased competition, delayed tariff hikes could effectively lead to a Jio-Airtel duopoly

Rounak Jain

Vodafone Idea hikes tariffs by up to ₹500 for its popular plans

Rounak Jain

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