Posts tagged telecom-competition
Unlimited Calls to New Zealand phones with 2degrees 0 cent plan
0408 days
by Gourav Sharma
in 2Degrees
2Degrees, New Zealand’s youngest and fastest growing telecom operator has launched NZ’s first ever ‘all you can eat’ Unlimited calling plan where all standard national calls will be charged 0 cents for one monthly fee of $149 ( 149 NZD ).
2degrees is taking the initiative on bringing down the cost of mobile for high-use consumers with the launch of the first ever monthly plan for single users that covers all national mobile and landline calls for one monthly fee with no contract required. $149/month may be little expensive for most people, but don’t forget it lets you to make call to any New Zealand network.
Tough Telecom competition RCom profits down 21.4% in 3rd quarter
2739 days
by Gourav Sharma
in rcom
Tough competition in the telecom sector has pulled down the profits of Reliance Communications Limited (RCom) during the quarter ended December 2009. The Anil Ambani group firm has posted a 21.4 per cent decline in net profit at Rs 1,108 crore during the quarter as against Rs 1,410.2 crore in the same period of the previous year. However, on a sequential basis, the net profit is up from Rs 740 crore during the quarter ended September 2009 but still Minutes of usage went up by 23.4 per cent.
RCom is not the only company that posted muted earnings in the quarter. The largest telecom player in the country, Bharti Airtel, posted a 2 per cent increase in profit after tax (PAT), while Idea Cellular’s net profit went down by 22.5 per cent year on year..
Telecom companies’ earnings had come under huge pressure in recent months due to a price war that had reduced revenues. Tata DOCOMO, which entered the market in August last year, introduced the 1-paise-per-second tariff plan that changed the rules of the game. Many telecom companies had to follow suit by reducing their tariffs. Reliance Communications itself introduced two new plans during the quarter, called ‘Simply Reliance’, in three variants — 50 paise per minute, 1-paise-per-second and Re 1 per 3 minutes. They also came up with new SMS plans, which included 1-paisa per SMS and unlimited SMSes for Re 1 a day.
“As an integrated and converged telecommunications service provider, we are better placed to withstand the present highly competitive environment. Despite the sharp fall in tariffs, we have demonstrated stability in wireless revenues and margins and are confident to emerge even stronger in the future,” Chairman Anil Ambani said in a press release.
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