Bad news can come anytime for crores of Vodafone Idea customers. Yes, the company can increase tariff rates in the coming time. A senior official of Vodafone Idea Limited on Thursday advocated a hike in tariff once again. He said that customers who use more data should pay more for the services. He said that this will give a fair return to the industry and ensure ‘connectivity’ to all sections of the society.
Indian wireless sector at a critical juncture
Let us tell you that Vodafone Idea (VIL) on Wednesday announced the results of the second quarter ended September 30, 2024. After the announcement of the company’s financial results, the CEO of the telecom company Akshay Mundra said that the loss of customers to BSNL due to the recent increase in tariff rates is now reversing due to the “network experience” of the government telecom company. He said that the Indian wireless sector is at a critical juncture.
Large investments needed to support data development
CEO Akshay Mundhra said that while on the one hand, there is a need for large investments to support the emergence of new technologies and data development, on the other hand, there is also a need to maintain tariff affordability to ensure connectivity to all sections of society. He said, “This is possible only when customers who use more services pay more so that the industry can get a reasonable return on the large investments made. Therefore, the industry needs to further rationalize tariffs to recover its cost of capital.”
The company has increased the tariff by 11-24 percent.
Let us tell you that the company has increased the rates of mobile services by 11 to 24 percent from July 4. After increasing the tariff rates, the number of total customers of the company as well as 4G customers has also declined. On a quarterly basis, the number of total customers of the company decreased from 21 crores to 20.5 crores and the number of 4G customers decreased from 12.67 crores to 12.59 crores.