TECHNOLOGY
In an effort to compete with Reliance Jio and Vodafone, Airtel has now launched a new prepaid plan for a price of Rs 219.
In an effort to compete with Reliance Jio and Vodafone, Airtel has now launched a new prepaid plan for a price of Rs 219.
Under this plan, customers will get 1.4GB of 3G/4G data along with 100 free SMSes per day. Additionally, customers will also get unlimited calling for a period of 28 days. The company has bundled up free Hello Tunes for the same validity period as well.
Recently, reports surfaced stating that the changed dynamics in the telecom sector due to the entry of Mukesh Ambani-owned Reliance Jio might lead to the first quarterly loss of Sunil Mittal's firm in 15 years.
Airtel's constant falling revenue due to an intense price war in the industry has made it difficult for the firm to cope up. But giving the current scenario, experts believe that Bharti Airtel after reporting 39.3 per cent drop in consolidated net profit for the third quarter of the FY18, it could end up posting a loss in the March quarter, a first in 60 quarters (or 15 years) on falling revenue and rising costs.
The last time the firm reported a loss was in the December 2002 quarter, when the figure came in at a negative Rs 70.70 million. For Q3, Airtel had posted net profit of Rs 306 crore for the third quarter of 2017-18 compared to Rs 504 crore posted during the corresponding period in 2016-17.
The total revenue of the company stood at Rs 20,319 crore for the third quarter of 2017-18 compared to Rs 23,336 crore posted during the third quarter of 2016-17. It was a drop of 12.9 per cent.
Meanwhile, for Reliance Jio the picture is still rosy and will remain like this at least for near future, experts say. The Ambani's firm had posted its first-ever net profit of Rs 504 crore for the three months period ended December 2017, the second quarter of commercial operations. The company had incurred a loss of Rs 271 crore in the September quarter.
Reliance Jio entered the highly-competitive telecom sector in September 2016 with a six-month promotional offer of free voice and data, a strategy that helped it mobilise millions of users.Jio threw an open challenge to the incumbent telecom operators with its disruptive tariffs, triggering a price war that saw severe bloodletting in the sector in following months.
DNA TV Show: Congress not to contest UP by-polls, lends 'unconditionally' support to SP
Venom The Last Dance movie review: Tom Hardy's final Marvel outing is a king-size disappointment
Pushpa, Stree 2 choreographer Jani Master gets bail in sexual assault case
Who is Justice Sanjiv Khanna, the next Chief Justice of India?
KL Rahul rejects retention offer from Lucknow Super Giants, set to enter IPL 2025 auction: Report
Mukesh Ambani's Reliance to give bonus share ahead of Diwali, check last date to apply
When Hollywood actress Natalie Portman insulted a BIG Bollywood megastar, he was asked to 'get lost'
J-K: 2 porters killed, 3 soldiers injured after Army vehicle attacked in Gulmarg
Shah Rukh Khan is back on small screen with legendary tale, it will lead up to…
Pre-Diwali Skincare: 5 quick tips to achieve flawless skin this festive season
Bomb threats to Indian planes continue: More than 80 flights receive fresh security alerts
Mumbai Police arrests vegetable seller from Jamshedpur for sending death threat to Salman Khan
'Dukh toh hota hi hai': Ex-India star blames MS Dhoni for dropping him at the 'peak of career'
Amitabh Bachchan defended Aishwarya Rai after she opted out of this film due to...
THIS company lost Rs 36430 crore in 6 hours, it's not Mukesh Ambani's Reliance, Tata Motors
Narak Chaturdashi 2024: Know the date, time, rituals, significance of Choti Diwali
'Attitude is...': Ex-Tesla employee shares experience working with Elon Musk
IND vs NZ: Washington Sundar scripts history in Pune, becomes first Indian to achieve big feat
Mukesh Ambani hails Meta CEO, says Mark Zuckerberg will go down in history for...
SC issues notice to Ajit Pawar on Sharad Pawar faction's plea over NCP 'clock' symbol
'UPSC hotspot': THIS college produces most IAS, IPS officers every year
Unlock the Power of Quick Recovery: Why every windows PC needs RestoreX360
Royal Enfield first electric bike spotted, it will be unveiled on…
'Dead' baby found alive during funeral in..., what happened next will SHOCK you!
Anil Ambani gets good news ahead of Diwali, his Rs 17016 crore company receives...
Apple iPhone 16 pro is now available for just Rs 52,930 on Amazon, how you can grab this deal
Diwali 2024: 5 vastu-friendly home decor tips to welcome wealth, prosperity this Deepawali
'Breasts, not oranges': Cancer awareness campaign by Yuvraj Singh's NGO draws flak, DMRC recalls it
Virat Kohli reveals being in tears while talking to Anushka Sharma following THIS incident
Man kidnapped from chaat stall, but there's a twist, watch viral video
IND vs NZ: R Ashwin goes past Australia's Nathan Lyon to set new World Test Championship record
Dhanteras 2024: Date, significance, shubh muhurat and more
Nvidia rolls out Hindi-language AI model in India: What is it and how will it work?
Netizens not happy with this billionaire's apartment in Bengaluru, says, 'you can afford better'
'Kejriwal, Atishi looted Rs 8,500 crore for...': BJP protests at Yamuna's Chhath Ghat
Cyclone Dana trains cancelled: Over 300 trains cancelled, check full list here
Bengaluru school's Rs 1.5 lakh fees for Nursery sparks controversy, parents' reaction goes viral
THIS rule will change from November 1, Airtel, Jio, Vi, BSNL users should pay attention, it will...
Video of man dancing around Russian woman at India Gate goes viral, sparks online debate
Innovating the Future: Aniruddh Tiwari's visionary advancements in AI and aata analytics
Revolutionising Enterprise Data Frameworks: How one lead data engineer is driving innovation
Pakistani model's BOLD move, walks Miss World ramp without...; watch video
What role did IAS officer Srushti Deshmukh's family play in her UPSC success? Details here
BIG allegation against Donald Trump, ex-model says former president groped her in front of...
THIS rule made by Ratan Tata won't allow Noel Tata to become Tata Sons chairman, it is...
JioHotstar domain acquired by Delhi-based app developer, he now wants Mukesh Ambani's Reliance to...
Alia Bhatt was totally smitten with Aishwarya Rai's dance videos because...
Ind vs NZ 2nd Test: When, where to watch India vs New Zealand 2nd Test match live
When Salman Khan broke his silence on blackbuck case: ‘Just because I cannot…’
Hyundai Motor India launches historic IPO, paves way for innovation and growth in automotive sector
BIG change in world's richest people list: Mukesh Ambani, Gautam Adani's fortunes now...
Ananya Panday gets trolled for her outfit, netizens say ‘she is getting Janhvi-fied’
Tom Holland confirms Spider-Man 4, reveals film will go on floors in...