Snehal khanna Blog

Ever since Reliance Jio entered the market in September last year, Airtel as well as others have seen their profits slide LATEST NEWS : Thanks to hyper competition unleashed by Reliance Jio , the country's top operator Bharti Airtel suffered a consolidated net profit drop of 76.5 per cent to Rs 343 crore from Rs 1,462 crore last year. The consolidated revenues of the company spanning 17 countries — India, Sri Lanka and 15 in Africa — declined 11.7 per cent to Rs 21,777 crore for the reported period as compared to Rs 24,652 crore last year. For India, Bharti Airtel showed a drop of over 90 per cent in its net profit to Rs 121.1 crore (before exceptional items) for the quarter ended September 30, over Rs 2,095.9 crore in the same period last year. Due to financial stress and declining profitability, India net profit has been lagging that of Africa for two consecutive quarters. The net profit for Africa (before exceptional items) for the September quarter stood a...

The 'Celkon Smart 4G' comes with a four inch touch screen, dual SIM slots and access to all popular apps like YouTube, WhatsApp and Facebook LATEST NEWS  : India’s leading telecom operator Bharti Airtel on October 30 in partnership with Celkon launched a 4G Android smartphone for Rs 1,349. The phone comes bundled with Airtel's Rs 169 offer plan, which provides unlimited calls, and 500 MB data per day for 28 days. The partnership is part of Airtel’s ‘Mera Pehla Smartphone’ initiative, under which Airtel plans to collaborate with device manufacturers to launch smartphones at the price of a feature phone. In terms of specifications, the Celkon Smart 4G smartphone sports a 4-inch screen, dual-SIM slots and FM radio. The Android powered 4G smartphone offers access to several apps on Google Play Store, including YouTube, Facebook and WhatsApp. The device will also come preloaded with apps from Airtel -- MyAirtel app, Wynk music and Airtel TV. The phone comes ...

Charges to be zero in two years; incumbents set to move court LATEST NEWS : In a fresh blow to incumbent mobile operators, including Bharti Airtel and Vodafone, the Telecom Regulatory Authority of India (Trai) has cut the interconnect usage charges (IUC, also known as terminating charges) by 57 per cent to 6 paise per minute effective October 1, from 14 paise currently. In two years, the charges would come down to zero, meaning there won’t be any payment for calls landing on other telcos’ networks. The new charges are being seen as a relief for the latest entrant, Reliance Jio . It is estimated to save about Rs 3,800 crore annually from this move. However, the reduction is likely to hit the profitability and revenues of the incumbents further. Analysts at HSBC said in a recent note that a significantly lower IUC would be a boost for Jio and there may be some more pricing disruption after downward revision of IUC rates. Jio has, since its launch last year, paid about Rs ...

While Reliance Jio has revised some of its old plans, it has also introduced new ones too LATEST NEWS : Worried that your Reliance Jio summer offer is coming to an end? Don't worry - Reliance Jio is leaving no stone unturned to keep its customers happy. Jio has revised some of its old plans; your Rs 309 and Rs 509 plans, which give you get 1 GB data and 2 GB per day, respectively, for a total period of 38 days, will now be available for 56 days. The move has come soon after rival Bharti Airtel announced a rollover scheme for its Summer Surprise plan, under which your data benefits do not lapse after a pre-decided validity period. Reliance Jio plans: What's new? Rs 399 plan: The new plans include a Rs 399 scheme for JioPrime customers, offering 1 GB data per day for 84 days. It is similar to what the Rs 309 plan is offering. Rs 349 plan: Under Jio's Rs 349 plan, customers get 20 GB limit data for a period of over 56 days (almost 2 months). No data li...

Indian telecom industry is at a critical juncture & improvement is crucial for its long-term health Breaking news : The Indian Telecom sector has been under pressure for the last 8 years because of rising competitive and capex intensity. During this period the contribution of telecom services to GDP has declined from 2% of GDP in FY09 to just 1.2% in FY17. The return ratios for the telecom players has also consistently declined during the period and all the telecom companies do not manage to earn their cost of capital because of continuous investments in spectrum purchases. While competitive intensity has changed with entry and exit of players, the capex intensity has consistently risen because of spectrum auctions. The industry at this juncture is at its weakest because of the high degree of financial leverage and margins impacted by rising competition from new player Reliance Jio . In the current state, the industry has insurmountable challenges which are leading to h...

All customers who have already subscribed to the offer would continue to be eligible for it Complying with the   Telecom  Regulatory Authority of India’s (Trai’s) advice, Reliance Jio on Thursday withdrew its Summer Surprise offer. Announced last week, the scheme promised to provide complimentary services to every Jio Prime member for three months starting April 1. The company confirmed complying with Trai’s advice. Under the scheme, all Prime members making their first recharge payment of Rs 303 (or higher) would have got three months’ complimentary services in addition to the benefits of their purchased plan. All customers who have already subscribed to the offer would continue to be eligible for it, the company said. Jio  started billing customers from April 1. The company claimed about 72 million users had subscribed to its Jio Prime service. ALSO READ : Reliance Jio stops Summer Surprise scheme: 5 things to know The complimentary offers by Jio in the...