Hot Deal Vodafone Idea will shut if no govt relief: Kumar Mangalam Birla

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Vodafone Idea will shut if no govt relief: Kumar Mangalam Birla
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Hey Guys!!!

Lets discuss about the following news:-

Vodafone Idea will shut if no govt relief, Kumar Mangalam Birla tells CNBC-TV18

Source : https://www.cnbctv18.com/telecom/vodafone-idea-...

P.S. – I have done Rs 999/- recharge on my 2 vodafone no’s on 2nd dec 2019.

61 Comments  |  
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Toh unka kya jinhone saal saal ke recharge karadale hushed

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boredidiot009 wrote:

Toh unka kya jinhone saal saal ke recharge karadale hushed

I too have recharged my phone for 1 year & that to 2 mobile no’s…

Anyway Vodafone Idea will atleast go for minimum 6 months as per provision of IBC.

Edit : Also, TRAI will issue some notifications in case of any adverse situation like It did in case of reliance communications..

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boredidiot009 wrote:

Toh unka kya jinhone saal saal ke recharge karadale hushed

Good deed to end the year with donation to charity.

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beingsr wrote:

@mastervijay – Have u read this news…??

Possibility of closure is less (at present) but in long run it may be sure (1-2 yrs guaranteed for company existence)
Heard that government gave 2 yrs time to repay the pending amount and warned not to close company on issues like this since it affects major people.

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Kr do band, no use of such companies with least transparency.
Idea was still better before the merger but Voda ruined it completely.

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What about balance available. I have 1600 balance can i transfer balance to bank if this happen?

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Smiling wrote:

What about balance available. I have 1600 balance can i transfer balance to bank if this happen?

“One thing is sure that u can’t transfer balance to your Bank account bcoz Telecom providers are not financial institution (or Wallet service provider)”.

However u can use your balance for future recharges or can transfer balance to other Mobile no. [Max Rs 30/- & that to at service charge of Rs 4/-]

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beingsr wrote:

“One thing is sure that u can’t transfer balance to your Bank account bcoz Telecom providers are not financial institution (or Wallet service provider)”.

However u can use your balance for future recharges or can transfer balance to other Mobile no. [Max Rs 30/- & that to at service charge of Rs 4/-]

airtel used to have balance transfer to other airtel number but they discontinued pensive

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beingsr wrote:

“One thing is sure that u can’t transfer balance to your Bank account bcoz Telecom providers are not financial institution (or Wallet service provider)”.

However u can use your balance for future recharges or can transfer balance to other Mobile no. [Max Rs 30/- & that to at service charge of Rs 4/-]

He is asking if company closes, then TRAI orders the company to pay outstanding balances to bank, or to transfer to some other operators
This was ordered in case of Aircel as well as RCOM, not sure if anyone got though, its India of course so no answerability after closure
I too lost about 1 K in aircel
CC- @Smiling

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Smiling wrote:

What about balance available. I have 1600 balance can i transfer balance to bank if this happen?

1600 ?
I Have 4500 And 1500 Stuck. And Now I Clueless What To Do With This As They Are Worst In My Area So Utilizing With Hiked Price Is Also Not A Option Now, Cant Keep Bugging Them For Network Issue As I Recently Checked With One Day Plan And I Cant Even Use 100-200 Mb Properly. cry

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androgame wrote:

He is asking if company closes, then TRAI orders the company to pay outstanding balances to bank, or to transfer to some other operators
This was ordered in case of Aircel as well as RCOM, not sure if anyone got though, its India of course so no answerability after closure
I too lost about 1 K in aircel
CC- @Smiling

I too have written above that TRAI will issue some notification..

See – https://www.desidime.com/forums/dost-and-dimes/...

P.S. – News regarding TRAI direction to RCOM
https://telecom.economictimes.indiatimes.com/ne...

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It’s almost impossible for them to be shut down because the industry will move towards monopoly (actually duopoly) and it’ll affect the customers too badly and will be exploitative.

The Government ideally shouldn’t want that and will try their best for it to not close down wink

Also we can’t say that BSNL has a very competitive edge towards the wireless sector and it’ll affect a lot lot of customers probably would create a new history in the telecom sector

It’ll in some way or the other affect the Government in a negative way

Lastly it’ll affect India’s worthiness as a whole and no body would want to invest in us sad

If Vodafone Idea goes away then even Jio will start looting it’s unimaginable

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Gaurav_G wrote:

It’s almost impossible for them to be shut down because the industry will move towards monopoly (actually duopoly) and it’ll affect the customers too badly and will be exploitative.

The Government ideally shouldn’t want that and will try their best for it to not close down wink

Also we can’t say that BSNL has a very competitive edge towards the wireless sector and it’ll affect a lot lot of customers probably would create a new history in the telecom sector

But looking from Finance perspective Vodafone Idea had reported a record loss of Rs 50,921 crore for the September quarter which is actually HUGE.

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beingsr wrote:

But looking from Finance perspective Vodafone Idea had reported a record loss of Rs 50,921 crore for the September quarter which is actually HUGE.

It’s HUGE man but the Government can surely relax a bit the norms

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M.MAHI wrote:

Kr do band, no use of such companies with least transparency.
Idea was still better before the merger but Voda ruined it completely.

True ! The only fear is if Vodafone closes idea also need to go ! rolleyes

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Gaurav_G wrote:

It’s HUGE man but the Government can surely relax a bit the norms

That’s what Kumar Mangalam Birla said. According to him NO RELIEF FROM GOVT. = NO BUSINESS in India as they can’t pump more fund into this sector.

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beingsr wrote:

That’s what Kumar Mangalam Birla said. According to him NO RELIEF FROM GOVT. = NO BUSINESS in India as they can’t pump more fund into this sector.

They are indirectly saying even 599 for 84 days isn’t enough, make it 1599 for 84.
Blood suckers…

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cocay wrote:

They are indirectly saying even 599 for 84 days isn’t enough, make it 1599 for 84.
Blood suckers…

But why to give blood?

many other things they can stuck_out_tongue & make money

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Where were the money gone from Vodafone and Idea when they were looting customer (Rs 300 for 1 GB )?
In just two years they lost everything?

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sunnie wrote:

But why to give blood?

many other things they can stuck_out_tongue & make money

Companies who don’t know how to operate and make profits need not be in business.
It’s better that VoId goes into permanent void.

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Par_ wrote:

Where were the money gone from Vodafone and Idea when they were looting customer (Rs 300 for 1 GB )?
In just two years they lost everything?

Exactly years /decades of insane looting and suddenly say they became beggars, how?

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Par_ wrote:

Where were the money gone from Vodafone and Idea when they were looting customer (Rs 300 for 1 GB )?
In just two years they lost everything?

That why this is in News! Think about it.

Another thing to note, Vodafone tax dispute is going on for years. And the business is still on!!

Things go parallel in corporate world. Profits are like the cream of the cake. They know how to take it out in time.

Baaki sab moh maya.. triumph stuck_out_tongue

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cocay wrote:

Companies who don’t know how to operate and make profits need not be in business.
It’s better that VoId goes into permanent void.

Not at all good for consumers!!

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Gaurav_G wrote:

It’s almost impossible for them to be shut down because the industry will move towards monopoly (actually duopoly) and it’ll affect the customers too badly and will be exploitative.

The Government ideally shouldn’t want that and will try their best for it to not close down wink

Also we can’t say that BSNL has a very competitive edge towards the wireless sector and it’ll affect a lot lot of customers probably would create a new history in the telecom sector

It’ll in some way or the other affect the Government in a negative way

Lastly it’ll affect India’s worthiness as a whole and no body would want to invest in us sad

Sector will revamp IFF there shall be multiple players to play fair. Else it’s Monopoly or duopoly as you said. Govt seems to have no say in this too.. seen from last demise of other small players. Tax issues are mere lobbying per se. TRAI and CCI are jokes and cash cows. Need to be dismantled first! But agn, who cares??

They say and you pay. Any other way out??

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beingsr wrote:

But looking from Finance perspective Vodafone Idea had reported a record loss of Rs 50,921 crore for the September quarter which is actually HUGE.

Its not 50k cr loss. That amount was accumulated over years and all the money already recovered from customers and pocketed by top level employees.
Now the company/ies is showing it as loss to force the current govt to cut the penalties.
This is straight from the playbook of US companies which file for bankruptcy.

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G-Gowda wrote:

Its not 50k cr loss. That amount was accumulated over years and all the money already recovered from customers and pocketed by top level employees.
Now the company/ies is showing it as loss to force the current govt to cut the penalties.
This is straight from the playbook of US companies which file for bankruptcy.

Although it’s not actual ₹ 50k Cr Loss but it is on account of provision made for payments to be made to govt on account of interest, penalty etc.

& Whether it was recovered from consumers or not? – Only Telecom operators know about that.

https://www.cnbctv18.com/earnings/vodafone-idea...

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deb3l wrote:

Not at all good for consumers!!

Who cares about the consumers in India?

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