Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Vodafone Idea Denies Reports of Exiting Six Telecom Circles After Dip in Revenue

A recent Bank of America Merril Lynch report said it believed Vodafone Idea Ltd would exit the six circles in C-Circle where it has been continuously losing revenue market share with a share below 20 percent.

PTI

Updated:August 31, 2019, 5:36 PM IST
facebookTwitterskypewhatsapp
Vodafone Idea Denies Reports of Exiting Six Telecom Circles After Dip in Revenue
A recent Bank of America Merril Lynch report said it believed Vodafone Idea Ltd would exit the six circles in C-Circle where it has been continuously losing revenue market share with a share below 20 percent.
Loading...

New Delhi: Telecom operator Vodafone Idea on Saturday categorically denied and dismissed the speculation that the company may exit six telecom circles where it has seen a dip in its revenue.

A recent Bank of America Merril Lynch (BofA-ML) report said it believed Vodafone Idea Ltd (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.

"There has been reportage in some media that Vodafone Idea may exit six circles Himachal Pradesh, Bihar, Odisha, Jammu and Kashmir, North East and Assam. We categorically deny and dismiss this speculation as completely baseless and factually incorrect. Vodafone Idea remains committed and will continue to serve its millions of customers in these circles," Vodafone Idea said in a statement.

The telco has lost revenue share in most circles where the merger of the two mobile networks has been completed, according to a report by JM Financial.

Vodafone India and Idea Cellular started integration of their networks after completing their merger on August 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.

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

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, Telegram, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
HDFC 2,049.30 3.78
Maruti Suzuki 6,591.95 10.39
ICICI Bank 417.50 7.99
HDFC Bank 1,199.60 8.95
Reliance 1,254.35 6.39
Company Price Change %Gain
Astral Poly Tec 1,213.70 5.25
HDFC 2,052.10 3.92
SBI Life Insura 815.85 1.73
Zee Entertain 301.10 -2.49
Maruti Suzuki 6,585.25 10.89
Top Gainers
Company Price Change %Gain
Eicher Motors 17,860.20 13.38
Hero Motocorp 2,862.90 13.06
IndusInd Bank 1,419.60 10.71
UltraTechCement 4,269.65 10.43
Maruti Suzuki 6,591.95 10.39
Company Price Change %Gain
Hero Motocorp 2,866.50 13.19
Maruti Suzuki 6,585.25 10.89
IndusInd Bank 1,419.60 10.74
Bajaj Finance 3,705.60 10.19
SBI 301.70 10.09
Top Losers
Company Price Change %Gain
Power Grid Corp 196.20 -2.46
Zee Entertain 301.40 -2.41
Infosys 805.00 -1.91
TCS 2,065.45 -1.74
NTPC 119.85 -1.52
Company Price Change %Gain
Power Grid Corp 196.35 -2.39
Infosys 805.10 -1.94
TCS 2,065.60 -1.74
NTPC 119.90 -1.52

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results