Business
Vodafone Idea CEO Confirms Another Price Hike in 2022 or 2023
Not long ago, private telecom operators introduced prepaid electricity tariff hikes for customers across the country. Vodafone Idea (Vi) plans another round of tariff hikes on prepaid fees in 2022 or 2023, Vodafone Idea CEO Ravinder Takkar said on an earnings call. The company’s Rs 99 prepaid plan is not an expensive option for 4G users. Depending on the market reaction and how the current new prices are embedded, the telcos will decide whether to increase the prepaid tariffs for 4G plans again in 2022 or 2023.
Vodafone Idea currently has a very high subscriber churn rate. According to the telco’s third-quarter fiscal 2022 performance report, the subscriber churn rate was 3.4%, compared to 2.9% in the second quarter of fiscal 2022. The figures for the fourth quarter of FY22 should be similar as Vodafone Idea does not have the necessary means to match the capex levels of Reliance Jio and Bharti Airtel’s 4G networks and services.
The tariff hike has helped the company boost average revenue per user (ARPU) from Rs 109 in Q2FY22 to Rs 115 in Q3FY22, but subscribers are exiting telecom networks very quickly.
Vodafone Idea (Vi) needs funds to invest in its network. To that end, the telco has already held talks with potential investors, and the promoters are also expected to put some money in for the foreseeable future.
According to a PTI report, Takkar said there was a considerable two-year lag between prepaid tariff hikes. But this time around, the company has seen the perfect time to continue raising upfront fees in 2022 or 2023, whichever looks perfect.
Motilal Oswal has said Vodafone Idea needs another round of tariff hikes to boost ARPU by 1.9 times so the company can become self-sustainable.
Complete Newws Source : Telecomtalk
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
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Regular Exercise Breaks
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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.
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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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