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Q3 performance: Loss of subscribers because of price hike, says Vodafone Idea

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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.

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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

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Pahalgam Attack

Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

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Pachigam attack aftermath: International airlines avoid Pakistani airspace amid tensions with India

Due to a lengthier path, Lufthansa Flight LH760 from Frankfurt to New Delhi had to fly for over an hour longer on Sunday. Major foreign airlines, including Air France and Lufthansa, are avoiding Pakistani airspace as tensions between India and Pakistan remain high after a deadly terrorist assault in Pahalgam, Jammu and Kashmir, according to airlines and flight trackers on.

Monday. Air France agreed, stating that it had decided to halt flights over Pakistan due to the “recent evolution of tensions” between the two South Asian foes. “The airline has decided to suspend overflight of Pakistan until further notice,” Air France said in a statement, referring to the “recent evolution of tensions” between India and Pakistan The airline currently changing.

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In the wake of the recent Pachigam terror attack, a significant shift in international aviation routes has occurred. Following an uptick in security concerns and rising geopolitical tensions between India and Pakistan, several international airlines have opted to avoid Pakistani airspace, rerouting their flights to ensure passenger safety. The decision comes nations.

The Pahagam Terror Attack: A Trigger for Renewed Tensions

On the night of the attack in Pachigam, a popular tourist destination in Jammu and Kashmir, militants carried out a series of strikes on civilian and military targets. The assault left a number of casualties, both military personnel and civilians, sparking widespread condemnation. The attack, attributed to militant groups operating from across the border.

Airlines’ Concerns Over Safety and Security

In response to the escalating threat in the region, several international airlines, including prominent carriers from Europe, the Middle East, and Asia, have started to reroute their flights to avoid crossing Pakistani airspace. These precautionary measures, while not unprecedented, are a direct reflection of the security situation that has worsened in the wake of the attack.

Airlines typically rely on international aviation corridors for the fastest and most efficient flight paths, and Pakistani airspace has historically been a critical component of many international routes connecting Europe and Asia. However, in light of the heightened risk of military conflict, commercial carriers have begun to take proactive steps to avoid the region.

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European carriers, such as Lufthansa and Air France, have adjusted their flight paths over the past few weeks, choosing to bypass Pakistan altogether. Similarly, Middle Eastern giants, like Emirates and Qatar Airways, have rerouted certain flights to avoid potential risks associated with flying in close proximity to the disputed borders. These changes have led to longer flight.

The International Air Transport Association (IATA) has noted that these changes, while necessary, come with considerable logistical and financial consequences. Airlines must navigate alternative routes, which may lead to higher fuel consumption and longer durations of travel. Nevertheless, passenger safety is the highest priority, and the industry remains.

Diplomatic Implications and Regional Stability

The rerouting of international flights has far-reaching implications, not only in terms of aviation logistics but also for regional diplomacy. The decision to avoid Pakistani airspace can be seen as a subtle but clear indication of the international community’s concerns regarding with the growing uncertainty in the region, underscores the volatile nature of South the security situation between India and Pakistan. Such moves may further isolate Pakistan.

The Future of Aviation in the Region

As the situation unfolds, the aviation industry is closely monitoring developments. For international carriers, navigating the delicate balance between commercial operations and national security concerns is no small task. In the coming weeks, further changes in flight patterns are expected, depending on how the diplomatic and military tensions between India.

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