Kolkata: A pronounced decline in Vodafone Idea<\/a>’s (Vi<\/a>) customer losses in the December quarter has been driven partly by a revival in the usage of multiple SIMs, or `mobile connections’, with the rural migrant workforce returning to cities after the easing of lockdown curbs and reactivating their mobile phones. 分析师还表示,电信是显示改善其金融,但需要进一步遏制用户损失迅速筹集资金,加大资本支出的投资。 加尔各答:明显下降沃达丰的想法(六世)12月季度客户损失部分由复苏的使用多个模拟人生,或移动连接,与农村流动劳动力回到城市后封锁限制的放宽,重启手机。 Kolkata: A pronounced decline in Vodafone Idea<\/a>’s (Vi<\/a>) customer losses in the December quarter has been driven partly by a revival in the usage of multiple SIMs, or `mobile connections’, with the rural migrant workforce returning to cities after the easing of lockdown curbs and reactivating their mobile phones.
Analysts also said that the telco was showing improvements in its financials, but needed to further stem subscriber losses<\/a> by raising funds quickly and stepping up capex investments.
They added that the deceleration in Vi’s subscriber losses<\/a> was also helped by Reliance Jio<\/a>’s lowest-ever net user additions in the fiscal third quarter amid the slowdown in the market leader’s JioPhone<\/a> customer gains.
Vi managed to limit customer losses in the December quarter to 2 million -- from 8.1 million in the previous one -- and also narrowed its net loss to Rs 4,540.8 crore compared with Rs 7,203.4 crore in the second quarter of FY21, helped by a cost-optimisation plan and 3.6 million 4G user adds. Its lower quarterly loss was also helped by a Rs 2,118.9-crore one-time gain on account of the sale of its 11.15% stake in Indus to the recently merged Bharti Infratel-Indus Towers entity.
“Vi managed to rein in customer losses, primarily as multiple-SIM usage seems to be happening once more with migrants returning to cities and using their feature phones regularly,” said Nitin Soni, senior director at global ratings agency, Fitch.
Thin on data<\/strong>
A majority of Vi’s customers use feature phones and over 55% of the telco’s 269.8 million users don’t have broadband connections.
“Vi is showing some improving trend with lower subscriber losses to just 2 million, higher 4G net adds and a rise in data usage, but this is still not enough as it is still losing customers,” said ICICI Securities in a note.
The brokerage also said the “loss of 0.4 million postpaid users (to 20.8 million) partly offset Vi’s gains on ARPU front.” It, though, added that \"Vi's cash Ebitda at Rs 2,100 crore benefitted from amortisation of subscriber acquisition cost of Rs 330 crore the over the (expected) lifetime of subscribers, which was earlier expensed in P&L\".
The telco’s average revenue per user (ARPU) - a key performance parameter – was higher at Rs 121 compared with Rs 119 in the September quarter.
<\/p>Read also<\/h4>
![](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
<\/a><\/figure>Vodafone Idea says added 12,000 4G sites in Q3; 4G user base at 109.7 million<\/a><\/h5><\/div>
<\/a><\/figure>Vodafone Idea narrows Q3 net loss to Rs 4,532 crore; says in active fundraise talks<\/a><\/h5><\/div><\/div><\/div>
Analysts said Vi needs to enhance tariffs soon to boost operational cash flows and also close its planned fundraise quickly to be able to invest more strongly in its 4G network to leverage the gains of reducing customer losses.
Edelweiss Securities said that “high debt is constraining Vi’s network investments, which is crucial for arresting subscriber decline.” The telco would need to spend much more on networks to compete effectively with Jio and Airtel, Edelweiss said.
Vi’s capex spends in the December quarter at Rs 970 crore were less than a seventh of Airtel’s Rs 6,860 crore and well below Jio’s Rs 5,653 crore.
Burgeoning debt<\/strong>
Analysts said Vi’s Rs 1,17,080 crore net debt is unsustainable and a fund infusion is critical to enable the telco to invest in networks and bounce back.
“Capex for Vi is contingent on fund-raising and any delay may hurt it further,” said ICICI Securities, adding that the telco requires a steep tariff hike soon to boost operational cash flow.
Last September, Vi had announced a Rs 25,000-crore fundraising plan via a mix of debt and equity. In recent months, it has been negotiating a $2-billion creditline with an Oak Hill Advisors-led global lenders’ consortium as part of that plan.
Vi’s CEO Ravinder Takkar reiterated on Saturday that the telco is in “active discussions with potential investors” to line up the planned funding.
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多个SIM使用帮助沃达丰的想法在第三季度减少用户的损失,分析师说
分析师还表示,电信是显示改善其金融,但需要进一步的遏制用户的损失迅速筹集资金,加大资本支出的投资。
他们补充说,六世的减速用户的损失也帮助了依赖Jio的历史最低净财政新增用户数量在第三季度放缓的市场领导者JioPhone客户收益。
“Vi设法控制客户损失,主要是使用多个sim似乎再次发生与移民回到城市,经常使用他们的功能手机,“Nitin索尼说,高级主管全球评级机构惠誉。
薄的数据
大多数Vi的客户使用功能手机和超过55%的电信的2.698亿用户没有宽带连接。
“六世正显示出一些改善的趋势较低的用户损失仅为200万,高4 g网络添加和数据使用,但这还不够,因为它仍然失去顾客,”印度工业信贷投资银行证券在一份报告中说。
经纪公司也表示,“损失040万邮资已付的用户(2080万)第六部分抵消收益ARPU前面。”,补充说:“六世的2100卢比现金Ebitda受益用户购置成本摊销的330卢比的一生(预期)的用户,这是早些时候记入当期损益”。
电信的每用户平均收入(ARPU)——一个关键性能参数,是提高Rs 121与Rs 119年的第三季度。
分析师称Vi需要尽快提高关税来提高运营现金流并关闭其筹资计划很快能够投入更多强烈的4 g网络利用收益减少客户的损失。
雪绒花证券表示,“高债务约束Vi的网络投资,这对逮捕订户下降是至关重要的。“电信需要花费更多在网络与Jio有效竞争和Airtel,雪绒花说。
六世的资本支出花在12月当季970卢比Airtel不到七分之一的6860卢比,远低于Jio 5653卢比。
不断增加的债务
分析人士表示,六世的Rs 17080卢比的净债务是不可持续的,基金注入使电信投资至关重要网络和反弹。
“Vi是取决于资本支出筹资和任何延迟可能会进一步伤害它,”说,印度工业信贷投资银行证券,增加电信需要一个陡峭的关税上调很快提高运营现金流。
去年9月,六世宣布价值25000卢比的筹款计划通过混合债券和股票。最近几个月,已经谈判20亿美元creditline橡树山Advisors-led全球银行财团,作为该计划的一部分。
Vi的首席执行官Ravinder Takkar上周六重申,电信在“积极与潜在投资者的讨论”计划的资金。
Analysts also said that the telco was showing improvements in its financials, but needed to further stem subscriber losses<\/a> by raising funds quickly and stepping up capex investments.
They added that the deceleration in Vi’s subscriber losses<\/a> was also helped by Reliance Jio<\/a>’s lowest-ever net user additions in the fiscal third quarter amid the slowdown in the market leader’s JioPhone<\/a> customer gains.
Vi managed to limit customer losses in the December quarter to 2 million -- from 8.1 million in the previous one -- and also narrowed its net loss to Rs 4,540.8 crore compared with Rs 7,203.4 crore in the second quarter of FY21, helped by a cost-optimisation plan and 3.6 million 4G user adds. Its lower quarterly loss was also helped by a Rs 2,118.9-crore one-time gain on account of the sale of its 11.15% stake in Indus to the recently merged Bharti Infratel-Indus Towers entity.
“Vi managed to rein in customer losses, primarily as multiple-SIM usage seems to be happening once more with migrants returning to cities and using their feature phones regularly,” said Nitin Soni, senior director at global ratings agency, Fitch.
Thin on data<\/strong>
A majority of Vi’s customers use feature phones and over 55% of the telco’s 269.8 million users don’t have broadband connections.
“Vi is showing some improving trend with lower subscriber losses to just 2 million, higher 4G net adds and a rise in data usage, but this is still not enough as it is still losing customers,” said ICICI Securities in a note.
The brokerage also said the “loss of 0.4 million postpaid users (to 20.8 million) partly offset Vi’s gains on ARPU front.” It, though, added that \"Vi's cash Ebitda at Rs 2,100 crore benefitted from amortisation of subscriber acquisition cost of Rs 330 crore the over the (expected) lifetime of subscribers, which was earlier expensed in P&L\".
The telco’s average revenue per user (ARPU) - a key performance parameter – was higher at Rs 121 compared with Rs 119 in the September quarter.
<\/p>Read also<\/h4>
<\/a><\/figure>Vodafone Idea says added 12,000 4G sites in Q3; 4G user base at 109.7 million<\/a><\/h5><\/div>
<\/a><\/figure>Vodafone Idea narrows Q3 net loss to Rs 4,532 crore; says in active fundraise talks<\/a><\/h5><\/div><\/div><\/div>
Analysts said Vi needs to enhance tariffs soon to boost operational cash flows and also close its planned fundraise quickly to be able to invest more strongly in its 4G network to leverage the gains of reducing customer losses.
Edelweiss Securities said that “high debt is constraining Vi’s network investments, which is crucial for arresting subscriber decline.” The telco would need to spend much more on networks to compete effectively with Jio and Airtel, Edelweiss said.
Vi’s capex spends in the December quarter at Rs 970 crore were less than a seventh of Airtel’s Rs 6,860 crore and well below Jio’s Rs 5,653 crore.
Burgeoning debt<\/strong>
Analysts said Vi’s Rs 1,17,080 crore net debt is unsustainable and a fund infusion is critical to enable the telco to invest in networks and bounce back.
“Capex for Vi is contingent on fund-raising and any delay may hurt it further,” said ICICI Securities, adding that the telco requires a steep tariff hike soon to boost operational cash flow.
Last September, Vi had announced a Rs 25,000-crore fundraising plan via a mix of debt and equity. In recent months, it has been negotiating a $2-billion creditline with an Oak Hill Advisors-led global lenders’ consortium as part of that plan.
Vi’s CEO Ravinder Takkar reiterated on Saturday that the telco is in “active discussions with potential investors” to line up the planned funding.
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