Vodafone Idea Q3 results today: Will the telecom operator pleasantly surprise or disappoint?
Vodafone Idea Ltd is expected to see a sequential improvement in performance in the December quarter. Net loss is seen narrowing from the September quarter, while consolidated revenue is expected to remain flat. Average revenue per user (ARPU) is likely to rise 1% sequentially. However, net subscribers are expected to decline. Key Points
Economic TimesNPS partial withdrawal new rules: All you need to know
NPS withdrawal rules: PFRDA has issued a master circular dated January 12, 2024 to facilitate partial withdrawals and guarantee compliance with legislation. The new master circular will take effect from February 01, 2024. Key Points
Economic TimesVodafone Idea Q1 Preview: Telco to stay in red on continued subscriber loss; ARPU seen up
The telecom operator is expected to report a net loss of Rs 6,895 crore for the June quarter, compared to a loss of Rs 7,297 crore a year ago, and a loss of Rs 6,419 crore a quarter ago. Consolidated revenue from operations is seen rising 1.5% YoY and 0.4% sequentially to Rs 10,570 crore. Key Points
Economic TimesVIL loses most 4G users in 2 years
The telecom operator has been losing subscribers for 23 straight months now. As of February end, Vodafone Idea has lost 45.75 million subscribers. Key Points
FinancialexpressNPS rule change from April 1, 2023: You will have to mandatorily upload these documents for withdrawal fro
In order to speed up and simplify annuity payments after leaving the National Pension System, the Pension Fund Regulatory and Development Authority (PFRDA) has demanded that subscribers upload specific papers as of April 1, 2023. (NPS). Key Points
Economic Times
Mobile numbers deactivated or disconnected on subscriber’s request not allocated for at least 90 days: TRAI to SC
Apex court was hearing a petition raising concern about alleged misuse of data. Mobile phone numbers once deactivated for non-usage or disconnected on the subscriber’s request are not allocated to new subscribers for at least 90 days, the Telecom Regulatory Authority of India (TRAI) has told the Supreme Court. Key Points
The Tribune IndiaAirtel gets penalty notice from DoT for alleged violation of subscriber verification norms
Telecom department for an alleged violation of subscriber verification norms has sent a notice to Bharti Airtel. The company said the notice is in regards to an alleged violation of terms and conditions with respect to subscriber verification norms under the Licence Agreement, pursuant to a sample customer application form (CAF) audit conducted by the Department of Telecom for September 2023. Key Points
Economic TimesStocks in news: Delhivery, RIL, Jio Fin, Airtel, IDBI Bank, Hero MotoCorp, Page Inds
Subsidiary Reliance Jio Infocomm added 32.4 lakh users in August, and its wireless subscriber tally topped 44.57 crore, according to data released by telecom regulator TRAI. Key Points
Economic TimesT-Mobile posts highest Q2 subscriber adds in eight years, beating estimates
T-Mobile US (TMUS.O) topped Wall Street expectations for quarterly wireless subscriber additions on Thursday, as cost-conscious customers flocked to its cheaper plans and superior 5G services in a highly competitive market. Key Points
ReutersNational Pension Scheme: PFRDA plans to bring in systematic withdrawal plan
During the current fiscal, the NPS expects to enrol 1.3 million new subscribers from the non-government sector, against 1 million people in the year-ago period. Key Points
Financialexpress
Vodafone Idea Q4 Preview: Co likely to remain in red on subscriber losses, muted revenue
The telecom operator is expected to post a consolidated net loss of Rs 7,524 crore, according to the average of estimates given by 4 brokerages. This would be higher than the loss of Rs 6,563 crore posted a year ago. On a sequential basis, however, the losses are seen narrowing. The company will release its quarterly numbers on Thursday. Consolidated revenue for the quarter is seen rising 3% on year to Rs 10,543 crore, but falling by around 1% sequentially. Key Points
Economic TimesBharti Airtel prepays ₹8,325 crore to clear deferred liabilities for 2015 spectrum acquisition
Bharti Airtel had won spectrum worth ₹29,129.08 crore at the auctions that were held in March 2015. Key Points
mintIndiamart Intermesh: Jefferies initiates coverage with 'buy' rating, sees 26% upside – 6 key reasons why
Jefferies expects Indiamart to have strong revenue growth driven by the rise in digital penetration among SMEs and reasonable valuations. The brokerage forecasts a 19% compound CAGR over FY24–26E. Key Points
mintJio beats Q4 ARPU estimates on home broadband growth
Blended ARPU grew at a modest 0.3% q-o-q (quarter-on-quarter) to ₹178.8 (versus our estimate of ₹178.2) as subscriber mix improvements and rising contribution from FTTH (fibre-to-the-home) offset the lesser days in quarter q-o-q, Kotak Institutional Equities said in a report. Key Points
Economic TimesSupreme Court issues important warning for WhatsApp users, here are the details
The Supreme Court of India has issued a significant warning to WhatsApp users, particularly those with prepaid mobile numbers who plan to change their phone numbers. Here are the details. Key Points
India Today
5G price wars may weigh on Bharti Airtel
The onset of 5G price wars along with a lack of significant tariff hikes and limited support from 4G tariff interventions, could slow Bharti Airtel's average revenue per user (ARPU) growth. The next issue for Airtel is its ARPU growth which could potentially come from losing subscriber market share, considering its lower capex for the quarter. Airtels India mobile capex spending was at Rs 5,685.6 crore, down 27.4% from Rs 7,829 crore in the June quarter. Key Points
Economic TimesJio adds 30.5 lakh mobile users in March; Voda Idea loses 12 lakh users
A look at March data released by TRAI showed that Vodafone Idea -- which trails Reliance Jio and Bharti Airtel in the mobile market subscriber tally -- lost 12.12 lakh mobile users in March. Key Points
FinancialexpressTelcos to see muted Q4 growth on tariff hike delay, lower subscriber addition
In the January-March quarter, the telcos are expected to report a 1.2% quarter-on-quarter (q-o-q) growth in revenues collectively, according to average estimates of five brokerage houses. Key Points
FinancialexpressDisney+ Hotstar sees user exodus as IPL rights end
Walt Disney Co. said the subscriber base at its video streaming platform shrank 24% from 52.9 million to 40.4 million, the sharpest fall in any quarter yet. Key Points
mint