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Indus Towers confident of cash flow boost in FY25

CFO News

Indus Towers expects cash flows to improve in FY25 as it’s confident of quickly recovering its backlog of past dues from key customer, Vodafone Idea (Vi), especially as the latter has recently raised Rs 18,000 crore via the follow-on public offer (FPO) route.

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Nokia restructuring its India operations, eliminating key jobs of CFO, CTO, legal affairs head

CFO News

The rejigs and job cuts—in line with global restructuring at the telecom equipment maker—come amid a weak India business environment in the face of reducing 5G capex spends by top telcos Bharti Airtel and Reliance Jio as well as major customer Vodafone Idea’s continuing financial struggles.

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May have to restrict services to Voda Idea, Indus Towers tells Trai

CFO News

Indus Towers has warned that it may restrict services to Vodafone Idea (Vi) and pursue legal action to recover unpaid dues. million customers could be disrupted, leading to further market share losses. The tower company has criticized Vi for its failure to make contractual payments, which has caused financial difficulties for Indus.

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Jio cements rural dominance in July; JioBharat likely adding to growth, analysts say

CFO News

Reliance Jio continues to dominate rural India as the only telecom operator to gain mobile users in July, while Bharti Airtel and Vodafone Idea lost customers. This can be attributed to Jio's budget feature phone, JioBharat, which appeals to entry-level mobile users. Jio added 2 million rural mobile users, bringing its total to 194.73

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Increased competition likely to prompt telcos to delay tariff hikes to next fiscal

CFO News

Private telcos Reliance Jio, Bharti Airtel, and Vodafone Idea are expected to defer the next round of prepaid tariff increases until April 2024, following intense competition to acquire higher-paying customers and a weak consumption environment.

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Delay in rolling out 5G may hurt Vodafone Idea badly

CFO News

The absence of 5G service from Vodafone Idea (Vi) could result in the loss of high-paying customers in the coming quarters, experts have warned. While Vi's per-capita data consumption has remained flat at 15.1 GB, Bharti Airtel's has increased to 20.3 GB due to its aggressive push for 5G expansion.

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Vodafone Idea INE669E01016, IDEA, 532822. Vodafone Idea INE669E01016, IDEA, 532822. To build relationships, start with satisfying internal customers. To build relationships, start with satisfying internal customers. Tata Power INE245A01021, TATAPOWER, 500400. Tata Motors INE155A01022, TATAMOTORS, 500570.

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