Gopal Vittal, chief executive officer, while speaking at the earnings call of its second quarter FY 2024-25, also mentioned that there has been 31 rounds of tariff hikes, and more are to come to improve the industry.
"We have just gone through one round of repair. We should wait for it to fully settle. But clearly, there's more to be done in this market. I think the current economics are still quite poor and really need to improve dramatically," said Vittal.
In July 2024, Airtel increased tariff up to 25% in its prepaid plans. Subsequently, during the September quarter, Airtel lost nearly 2.9 million customers due to SIM consolidation triggered by the tariff hike. However, Vittal downplayed the impact of this subscriber loss, describing it as milder than previous instances.
This story is from the October 30, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the October 30, 2024 edition of The Morning Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Disney unveils new song from Snow White
DISNEY has unveiled a new song 'Waiting on a Wish' from the much-anticipated live-action adaptation of Snow White.
ONE FOR SERIAL PLANT KILLERS
THE ZZ plant (Zamioculcas zamiifolia) is a dream come true for those who struggle to keep plants alive. Hardy, low-maintenance, and nearly indestructible, it thrives with minimal care, making it perfect for beginners and busy plant owners.
Garden in bloom
Shasha's designs showcase exquisite techniques that celebrate the artistry of couture
Delhi's Winter Date With Bengal
As the winter chill sets in, the craze for date palm jaggery-based sweets is rising in and outside Delhi's mini Kolkata, and there's a new challenger in town. TMS samples through the sweet-mile to see how the old shops are holding up.
Shahrukh, Mohamed help TN down UP
SHAHRUKH Khan's 85-ball 132 not out and Mohamed Ali's 76 not out (75 balls, eight fours, one six) powered Tamil Nadu to a massive 114-run win over Uttar Pradesh at Visakhapatnam in a Group D match of the Vijay Hazare Trophy.
Wrestling continues to grapple for survival
The sorry state of affairs in wrestling continues even though Aman Sehrawat, with his Olympic bronze, salvaged some pride earlier this year. As 2024 nears end, Firoz Mirza sheds some light on issues ailing the sport and way forward to reclaim the good old days...
City pay penalty, Chelsea stunned
ERLING HAALAND had a second-half penalty saved as crisis-torn Manchester City failed to end their dismal run with a 1-1 draw against Everton, while title contenders Chelsea suffered a first home defeat against Fulham since 1979.
Teen Konstas takes bowlers to cleaners on his Test debut
JASPRIT Bumrah had just welcomed Sam Konstas to Test cricket.
Top Gun 4: Oz batters foil India's plans
In front of record number of fans at MCG on Day 1, Australia top-four help team post 311/6
Indian Companies May Raise ₹2 Lakh Cr From Market Via Public Issues In 2025
DESPITE a sharp correction in the equity market in recent months, the initial public offering (IPO) market has remained robust.
