22
Wednesday
May 2019
2:45 AM IST
News Headlines
Hyundai Archery World Cup final to be held in Russia        Mohammad Amir, Wahab Riaz named in Pakistan''s World Cup squad        Uber partners with ICC for Men''s cricket World Cup 2019        Markets soar in early trade; Sensex zooms 942 points, rupee gains 79 paise        Lanka govt appeals to parents to send their children to school without fear        US delays implementation of Huawei trade ban by 90 days : Commerce Dept.        Swaraj to attend SCO foreign ministers meet in Bishkek from Tuesday        International calls diversion racket held in Telangana        Welcome decision to sack me as UP minister: Rajbhar        China "regrets" Security Council''s rejection of Russian-requested meeting on Ukraine        LS polls come to close; over 64 pc voting recorded in last phase        PM performs puja at Kedarnath after meditating for 17 hrs, will also visit Badrinath        Modi govt set to return to power, Exit polls predict        Exit polls gossip, don''t trust them: Mamata        S. Arabia calls GCC, Arab League meetings        Blast near tourist bus injures at least 17 in Egypt        Bravo, Pollard named in W Indies reserve players list for World Cup 2019        Opposition unity: Naidu meets Akhilesh, Mayawati over opposition unity post LS polls        I could be assassinated like Indira Gandhi, BJP after my life: Kejriwal        LS polls candidate attacked in Kerala        
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Business News
3 private players offer ideal, healthy competition: Vodafone Idea CEO
 
New Delhi: Vodafone Idea, which is in the midst of Rs 25,000 crore mega fund-raising, has said the Indian telecom market with three private players is an "ideal scenario" in terms of healthy competition, dismissing any possibility of cartelisation or duopoly.



"It is three private players plus one (BSNL and MTNL) and that is the ideal scenario to be. There are four players here...it is an ideal level of competition," Balesh Sharma, CEO of Vodafone Idea told PTI.

Worldwide, markets with three private players are known to be markets where constantly there is an ongoing war but a healthy level of competition exists, he added.

Sharma said a market with three strong players almost equal to each other "is an ideal place to be" as "they all want to become bigger and are fighting with each other".

"There is absolutely no concern for duopoly also...because I believe in a democracy all policy makers, politicians, and everyone understands that for consumers' rights there needs to be at least three strong private players and hoping that the government player also continues to be in that...," Sharma said.

Such a scenario will keep the competition level at an "optimal", he noted.

The telecom sector has witnessed a spate of consolidation aimed at finding economies of scale after Reliance Jio stormed into the market ploughing in billions of dollars into a pan-India national 4G data service, offering free voice call and tariffs well below prevailing rates.

This triggered a massive consolidation in the industry. Bharti Airtel, then number one operator, fired the starting gun with the acquisition of the Indian business of Norway-based Telenor.

It also subsequently announced takeover of consumer mobile businesses of Tata Teleservices Ltd (TTSL) and Tata Teleservices Maharastra Ltd (TTML).

Last year, Idea Cellular and Vodafone Plc announced completion of the USD 23.2 billion (approximately Rs 1.6 lakh crore) merger of their India operations to create the country's largest telecom operator -- Vodafone Idea -- to take on competition from Reliance Jio.


Uber partners with ICC for Men''s cricket World Cup 2019
Markets soar in early trade; Sensex zooms 942 points, rupee gains 79 paise
Exports grow marginally, imports up 4.5pc in Apr
Jet Airways crisis: CEO, Deputy CEO resign
Demonetisation: ED attaches over Rs 2 crore assets in Axis Bank PMLA case
China hikes tariff on US products; says will not succumb to Trump''s pressure tactics
Andhra Bank net loss down by 51.34pc in Q4
Imminent crisis in NBFC sector: Corp Affairs Secy
China : Volvo to recall over six thousand cars
Pak to continue talks with IMF on bailout over weekend
Chinese envoy says trade talks with US have not broken down
Amazon's Bezos unveils lunar lander project 'Blue Moon'
UPL announces 26.75 pc stake buy in Allfresh
SBI reports net profit of Rs 838 cr in Mar 2019 quarter; trims bad loan ratio
HCL Tech profit stands at Rs 2,568 cr in Q4
Now Bharat Fibre service reaches Andaman Nicobar Islands
Moscow calls on all countries to keep buying Iranian Oil : Foreign ministry
Rupee drops 28 paise against dollar as US-China trade tension escalates
RBI warns Finance panel of more fiscal slippages for states
rabhu seeks report on allocation of Jet Airways slots to other airlines
KERALA NEWS
LS polls candidate attacked in Kerala
 Kannur: Independent candidate from Vadakara Lok Sabha constituency and former CPI(M) local leader CO  
Two women abort their plan to enter Lord Ayyappa temple Sabarimala
Kerala CM meets CEOs of leading business firms in Switzerland
Elephant to undergo medical test for Thrissur 'pooram'
INTERNATIONAL NEWS
Lanka govt appeals to parents to send their children to school without fear
 Colombo, May 20 (PTI) Sri Lankan government on Monday appealed to all parents to send their children
US delays implementation of Huawei trade ban by 90 days : Commerce Dept.
S. Arabia calls GCC, Arab League meetings
Blast near tourist bus injures at least 17 in Egypt
NATIONAL NEWS
Swaraj to attend SCO foreign ministers meet in Bishkek from Tuesday
 New Delhi, May 20 (PTI) External Affairs Minister Sushma Swaraj will attend a two-day meeting of the
International calls diversion racket held in Telangana
Welcome decision to sack me as UP minister: Rajbhar
LS polls come to close; over 64 pc voting recorded in last phase
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