Business
Q3 performance: Loss of subscribers because of price hike, says Vodafone Idea
Vodafone Idea on Monday downplayed subscriber churn for the October-December 2021 quarter, saying it was a result of tariff hikes, which led to SIM consolidation, while keeping its 4G base growing. The company also expects to complete the fundraising this fiscal year.
“Typically, two or three things happen when the price goes up, one is that recharges are a bit slower over the course of a few days, and two is that we’re seeing a phenomenon of SIM consolidation…a lot of our subscriber losses can be attributed to The price went up,” Ravinder Takkar, managing director and chief executive officer of Vodafone Idea, said on the analyst call regarding the third-quarter results.
When asked if the tariff hike also affected consumer usage, Takkar said the impact was small, as prices were still very affordable. Vodafone Idea lost 5.8 million subscribers in 3Q22 (compared to 2.4 million in 2Q22), while the 4G subscriber base edged up to 117 million from 116.2 million in 2Q22. Vodafone Idea’s average revenue per user (Arpu) increased from Rs 109 in the previous quarter to Rs 115 in the October-December quarter due to price hikes.
The company expects the full impact of the price hikes to be seen in the fourth quarter. “The next quarter will have a big impact,” Takkar said. Regarding the inquiry of another price increase, Takkar said that it will definitely increase the price, but it has to look at the time, which may happen in 2022 or 2023.
“The last rate hike (November 2021) was almost two years later, so we certainly think the next rate hike is less than two years away,” he added. The executive also reiterated that the company expects Financing completed in fiscal year. It has been planning to raise Rs 25,000 crore for more than a year. Following the fundraising, the company’s capital expenditure will also trend upward as the company will focus on increasing 4G coverage.
The company expects to return a bank guarantee (BG) worth Rs 17,000 crore. It has received licensing fee-related BGs worth over Rs 1,000 crore from the Department of Telecommunications (DoT). The bulk of the BG, totalling Rs 15,000 crore, is related to spectrum and will be returned by the DoT shortly after completion of the formalities.
Complete News Source : financialexpress
Lifestyle
10 best activities hacks for the better lifestyle for Business Managers.
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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