Vodafone-Idea loses revenue in circles where network integration is over, says report

Agencies
August 30, 2019

Mumbai, Aug 30: Telecom operator Vodafone Idea Ltd. has lost revenue share in most of the circles where the merger of the two mobile networks has completed, according to a report by JM Financial.

Vodafone India and Idea Cellular started integration of their networks after completing their merger on Aug. 31, 2018. They have repeatedly expressed confidence of improving performance after their merger and integration of their network.

The report said that during the first quarter of the current financial year, Vodafone Idea saw quarter-on-quarter revenue market share erosion in all circles, except Himachal Pradesh.

“In fact, in the 10 circles where the two mobile networks have been integrated, VIL lost revenue market share in all but one circle; in the remaining 12 circles, VIL’s quarterly RMS loss was generally higher,” the report said.

The highest RMS loss for VIL was observed in the Metro and A circles, specifically Delhi, Maharashtra, Tamil Nadu, Andhra Pradesh and Mumbai.

“VIL has lost its leadership position in Metro circles of Kolkata and Delhi, but has maintained leadership in Mumbai by a large margin. Finally, VIL's RMS (based on gross revenue) continues to be over 50 percent in Kerala circles, but it may drop below 50 percent over the coming quarters,” the report said.

JM Financial said Reliance Jio, which became the largest operator in the country during the June 2019 quarter, gained at the expense of Vodafone Idea and smaller telecom operators.

“On our current outlook (with assumption of a four-player market including state-run telecom firms), we see Jio's RMS moving up to 41-42 percent level in financial year 2021, Bharti Airtel's holding on to 28-29 percent, helped by Tata Teleservices acquisition, and VIL's RMS settling at around 25 percent,” the report said.

Mukesh Ambani-led Reliance Jio surpassed Bharti Airtel and Vodafone Idea in the April-June period as top revenue earner from telecom services at Rs 10,900 crore in three years of commencing commercial operations, according to the latest financial data released by telecom regulator Telecom Regulatory Authority of India.

Bharti Airtel and Vodafone Idea recorded adjusted gross revenue, earned from the sale of telecom services, of Rs 10,701.5 crore and Rs 9,808.92 crore, respectively, during the quarter, showed the data released by the TRAI.

A Bank of America Merril Lynch report has said it believes VIL would exit the six circles in C-Circle where it has been continuously losing revenue market share with share below 20 percent. The report has identified Himachal Pradesh, Bihar, Odisha, Jammu and Kashmir, North East and Assam from where VIL may exit.

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Agencies
February 26,2020

Unnao, Feb 26: Ever heard of someone wishing a 'bright future' for the dead? In a bizarre incident in Uttar Pradesh's Unnao district, a village head issued a death certificate with the wish for an elderly man who had died last month.

The incident took place in the Sirwariya village in Asoha block where an elderly person Laxmi Shankar died after a prolonged illness on January 22.

His son went to the village head Babulal and requested him to issue a death certificate that he needed for some financial transactions.

Babulal not only issued the death certificate, but also 'wished' 'a bright future for the deceased' on the document.

The village head wrote in the death certificate -- "Main inke ujjwal bhavishya ki kaamna karta hoon (I wish him a bright future)."

The letter went viral on the social media on Monday after which the village head apologised for the error and issued a new death certificate.

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Agencies
June 26,2020

Facebook will introduce a new notification screen on its platform that will warn users if the article they are about to share is over 90 days old, the company announced on Thursday.

“We’re starting to globally roll out a notification screen that will let people know when news articles they are about to share are more than 90 days old,” Facebook wrote in a blog post.

The social media platform had previously introduced a context button in 2018 that provides information about the sources of articles in the News Feed. Building upon that, the new feature will inform users about the timeliness of the article.

“To ensure people have the context they need to make informed decisions about what to share on Facebook, the notification screen will appear when people click the share button on articles older than 90 days, but will allow people to continue sharing if they decide an article is still relevant,” Facebook said.

The social media giant stated that timeliness is important in understanding the context of an article and curbing the spread of misinformation on the platform.

“News publishers, in particular, have expressed concerns about older stories being shared on social media as current news, which can misconstrue the state of current events. Some news publishers have already taken steps to address this on their own websites by prominently labelling older articles to prevent outdated news from being used in misleading ways,” Facebook added.

Apart from this, the platform will also be testing a similar notification screen for information related to the global Covid-19 pandemic. The notification screen will provide information about the source of the link shared in a post if the link is related to information on Covid-19. It will also direct people to its previously introduced Covid-19 information centre for “authoritative” health information, it said.

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Agencies
January 20,2020

Washington D.C., Jan 20: An American bride asked for money from her invitees so that they can be on the 'exclusive guest list'.

Weddings can be surely expensive. But is it feasible for one to charge the guests to make up for the expenses?

According to Fox News, that is exactly what happened in a recent American wedding. A 19-year-old shared on Reddit that her cousin was getting married on Sunday and announced that she would charge 50 dollars to those who wanted to attend her wedding.

"She said that they can Venmo her money so there won't be no [sic] problems and everyone who paid will be added onto the 'exclusive guest list' which basically means you won't have to wait in line while other guests pay," wrote the user named DaintySheep.

While she refused to pay for entry into her cousin's wedding the bride-to-be contacted the elders in the family which ended up in an embarrassing situation.

"She wanted to get the money she spent on her special day back. I told her I wouldn't be able to come because this was outrageous and that I wish her well on her special day. She contacted my aunt and my aunt called me cheap and rude. My parents offered to pay for my entry, but I refused," continued the disheartened girl.

While in almost every nook and cranny of the world gifting the bride-groom with money is a tradition, asking for money from friends and family to replenish the money spent on a wedding is can be said to be a rare scenario.

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