Except Reliance Jio, regulations against every telecom operator in last 2 years, says Vodafone CEO

By: |
Published: February 25, 2019 6:59:24 PM

British telecom major Vodafone Monday alleged that regulatory outcomes in India over the past two years have been against every telecom operator except Reliance Jio.

telecom sector, telecom industry, telecom, reliance jio, reliance jio speed, reliance jio download speed, reliance jio internet speedCurrently, in India, Vodafone operates as Vodafone Idea Ltd in partnership with Aditya Birla Group.

British telecom major Vodafone Monday alleged that regulatory outcomes in India over the past two years have been against every telecom operator except Reliance Jio. Currently, in India, Vodafone operates as Vodafone Idea Ltd in partnership with Aditya Birla Group.

Vodafone Chief Executive Officer Nick Read, however, highlighted that its business in India has gone through a tough period but now, the company is well-positioned to play in the country with plans to invest in network and monetisation of assets.

Also read: Soon, fly IndiGo to China: India’s largest airline mulls overseas expansion with flights to these countries 

“I think we only asked for level-playing field in terms of regulations. Over the last two years, we had many regulatory outcomes that were against every one in the market except Jio. We made that point clear,” Vodafone CEO Nick Read told reporters here in response to his views on the Indian regulatory and policy regime.

He, however, said the current level of mobile services rates are the lowest in India and not sustainable. “All three players in the market are haemorrhaging cash… Pricing is the lowest (in India) in the world for now; average consumer is consuming 12 gigabits (GB) at price points you don’t see anywhere else. Ultimately, pricing will go up, that does not mean it jumps, it will moderate,” Read said.

Vodafone Idea has raised minimum tariff to Rs 35, increasing the company’s average revenue per user by 1.5 per cent on a quarterly basis to Rs 89. The total debt of Vodafone Idea stood at Rs 1,23,660 crore at the end of December 31, 2018.

“Now, heavy discounting is going on. At the moment, we provide fantastic 4G service at the market and it is too early for 5G in terms of handset penetration. If we bring in 5G now, we won’t be using high amounts of handsets,” Read said.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Latecomer again? India poised to get 5G by 2021, says Nokia at MWC 2019
2Are IL&FS group company accounts really NPAs? Not unless we say so: NCLAT
3Amazon back in business: Entire product range available again after new FDI e-commerce rules