Vi Unveils New Tariff Plans For Prepaid Users In India

Vodafone Idea Limited (VIL), India's leading telecom service provider, has announced the launch of new prepaid tariff plans. Starting from November 25th, 2021, the new plans are available. Vi has handpicked an ideal choice of affordable plans in keeping with its aim to provide its customers with easy and convenient services. Customers may make use of their advantages by choosing the plan that best suits their requirements.

Vi has said in an official statement issued on 23rd November 2021 that "The new plans will start the process of ARPU improvement and help address the financial stress faced by the industry. These tariff plans will allow VIL to continue improving India's Fastest Mobile Network, verified by Ookla®, the global leader in fixed broadband and mobile network testing applications. Vi remains committed to play its role in accelerating the realization of the Digital India vision of the government."

Vi's New Prepaid Tariffs

According to the Q2FY22 financial results of Vi, the company's revenue for the quarter was Rs. 94.1 billion, an improvement of 2.8% QoQ, aided by pick up in the economic activities and easing of lockdown/restrictions induced by the severe second wave of COVID, which impacted Q1FY22. On a reported basis, EBITDA for the quarter improved to Rs. 38.6 billion, up 4.2% QoQ, aided by improvement in revenue which was partially offset by the increase in customer acquisition costs due to higher gross additions during the quarter and other inflationary cost increases.

EBITDA margins were 41.1% vs 40.5% in Q1FY22. EBITDA excluding IndAS 116 impact was Rs. 15.6 billion, compared to Rs. 13.8 billion in Q1FY22. CAPEX spend for Q2FY22 was Rs. 13.0 billion vs Rs. 9.4 billion in Q1FY22. The total gross debt (excluding lease liabilities and including interest accrued but not due) as of September 30, 2021 stands at Rs. 1,947.8 billion, comprising of deferred spectrum payment obligations of Rs. 1,086.1 billion, AGR liability of Rs. 634.0 billion that are due to the Government and debt from banks and financial institutions of Rs. 227.7 billion. Cash & cash equivalents were Rs. 2.5 billion and net debt stood at Rs. 1,945.3 billion.

Vi powered by GIGAnet is India's fastest mobile network as verified by Ookla and the company also has the best voice quality for 9 out of 11 months between November 2020 and September 2021, as per TRAI 'MyCall' App.