MoneyWorks4Me

Vodafone Idea demands 7-8 times hike in mobile data tariffs

28 Feb 2020 Evaluate

Vodafone Idea has demanded to fix minimum tariffs for mobile data at Rs 35 per GB, around 7-8 times of current prices, and for calls at 6 paise per minute along with monthly charges from April 1, 2020 to enable it to pay statutory dues and make its business sustainable.

The company is under pressure to clear adjusted gross revenue dues of more than Rs 50,000 crore to comply with a Supreme Court order. The company has sought 18 years time to clear the dues, including a three-year moratorium on payment of interest and penalty.

Vodafone Idea is an Aditya Birla Group and Vodafone Group partnership. It is developing world-class infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence.

Peers
Company Name CMP
Bharti Airtel 1837.00
Vodafone Idea 14.29
Indus Towers 375.55
Tata Communications 1798.65
Railtel Corp. India 252.55
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