New Delhi/Mumbai: Vodafone Idea (VIL) said its call to bunch 22 circles into 10 clusters is a step towards a "new operating model, which is leaner, agile and more cost-efficient to address customer needs”. Analysts say this sends a clear signal that the cash-strapped telco is preparing to stay and fight in the market. "VIL is moving from circle-based operating model to cluster-based approach and is starting consolidation of operations to 10 clusters with a sharper focus on business,” the telco said in an email statement to ET. “This new operating model will mark a quantum jump in operational intensity, leading to stronger competitive positioning for VIL in the market place." ET had reported in its March 11 edition on the company’s plan to rejig its circles. "De-duplication of operations, resources and processes was addressed early in the merger journey, and now the company is moving to the new operating model, which is leaner, agile and more cost-efficient … [Read more...] about Vodafone gets ready to battle it out in the Indian market
NEW DELHI: The Telecom Regulatory Authority has once again declined the telecom companies' demand and reiterated that it would initiate any further discussion on fixing floor tariff only after the nationwide lockdown is lifted and normalcy is returned following the novel Coronavirus outbreak. "It may be a better option that any further discussion on the issue (floor tariff) is held after the lockdown is completely lifted and normalcy is restored," Trai chairman Ram Sewak Sharma told ETTelecom and added that the authority is conscious of its mandate to protect the interests of consumers as well as to promote orderly growth of the sector. The telecom carriers such as Bharti Airtel, Reliance Jio and Vodafone Idea have demanded the regulator to accelerate the process to fix floor tariff for services following the aggressive price war and sector's deteriorating financial health. Last week, Bharti Airtel's chief executive (India & SA) Gopal Vittal said that tariffs remained … [Read more...] about Trai declines telcos demand, says floor pricing discussion only when normalcy returns
New Delhi: Google is in initial talks to buy a stake of about 5% in cash-strapped Vodafone Idea, India’s third-largest telecom operator, the Financial Times reported, citing people familiar with the matter. Vodafone Idea was formed in August 2017 by the merger of Vodafone India and Idea Cellular. The telco, which has been posting losses since the merger, declined to comment on “this speculation”. Both UK’s Vodafone Group and Idea parent Aditya Birla Group declined to comment. Google didn’t respond to ET’s queries. Voda Idea shares closed 2.7% higher at Rs 5.82 on the BSE Thursday, giving it a market value of Rs 16,724 crore. For a 5% stake, Google will have to shell out $110 million (Rs 836.2 crore) based on that. Its Nasdaq-listed parent Alphabet has a market cap of $968.05 billion. Alphabet ended the January-March quarter with ‘cash and marketable securities’ of approximately $117 billion. The FT report said Google’s parent … [Read more...] about Google searching for 5% in Vodafone Idea; analysts say why not Airtel?