Chief financial officer Akshaya Moondra said so far the company had received Rs 2,000 crore from Vodafone Plc and expected to get another Rs 6,400 crore from the UK parent company in indemnity payments under the 2017 merger agreement. These receipts from Vodafone Plc are linked to AGR dues, for which the next instalment will be due in March 2022.
have maintained that the current tariff levels are unsustainable but have not increased rates. On Friday, Vodafone Idea
managing director Ravinder Takkar said the company would not shy away from taking the first step. “We have taken it before and we can take it again,” Takkar said and added that there were fairly strong indications that competitors would follow suit. In the post-result conference call, Bharti Airtel had also expressed its intention to raise tariffs soon.
In the first phase, the average revenue per user (ARPU) per month of telecom companies
needs to increase to at least Rs 200, Takkar said.
A tariff hike
will also help Vodafone Idea
generate cash and cut down losses. While the company is focusing on 4G expansion and network improvements, its average revenue per user (ARPU) is Rs 119 whereas that of Airtel is Rs 162. On fund-raising, the company said the plans were on track.
In September, the company's board had approved plans to raise up to Rs 25,000 crore through a mix of debt and equity.
"We are in discussion with interested parties. Engagements are ongoing and progressing well," Takkar added.
Responding to a query on impact of Reliance Jio’s post-paid plans, Takkar said these were early days and that there had been little or no impact on its existing post-paid subscriber base. "Post-paid subscribers tend to be sticky and less price sensitive. This has been a factor for a long time,” he added.