Vodafone Idea loses 14 lakh subscribers in July Jio gains 65 lakh Airtel adds 19 lakh TRAI
By Lokmat English Desk | Published: September 24, 2021 05:40 PM2021-09-24T17:40:56+5:302021-09-24T17:40:56+5:30
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A few days ago, the central government had taken a decision to give relief to telecom companies. Vodafone-Idea was also expected to benefit the most. It was also said that the company would gradually get back on track.
However, the number of Vodafone Idea subscribers has been steadily declining. The company lost millions of customers in July. Consumers are a major source of revenue for telecom companies.
According to a TRAI report, Vodafone Idea lost 14.30 lakh subscribers in July. In June, Vodafone had 42.80 lakh subscribers.
According to the report, Reliance Jio added 65.19 lakh new customers in July. Airtel also has 19.43 lakh users connected to it. In June, Vodafone Idea lost 42.80 lakh subscribers. Reliance Jio and Airtel have 54, respectively.
According to the Telecommunications Regulatory Authority of India (TRAI), Reliance JIO's subscriber base grew sharply to 44.32 crore in July. The number of Airtel subscribers also increased to Rs 35.40 crore. Vodafone Idea on the other hand.
An important decision for the telecom sector was taken at a cabinet meeting chaired by Prime Minister Narendra Modi. This will benefit all telecom companies.
The government has taken some important decisions in the interest of telecom companies facing the crisis of AGR arrears. The government has also given a 4-year moratorium to telecom companies.
To attract investors, 100 per cent FDI has been sanctioned in the telecom sector. Also, in future, the duration of spectrum has been increased from 20 years to 30 years. Also, the spectrum obtained in future auction will be sold after 10 years.
Airtel will raise Rs 21,000 crore through rights issue. The company's rights issue will open on October 5. As per the information given by the company to the stock exchange, the date for eligibility for the right issue has been fixed as September 28.
Bharti Airtel's board of directors had on August 29 approved a Rs 21,000 crore issue through a road rights issue, which will be raised to Rs 535 per share with a premium of Rs 230 crore. Meanwhile, the special committee of directors gave its approval on October 5.
