Vodafone, Samsung partner on bundled service offer
Posted on 4th January 2018 |
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India’s second largest telecom operator Vodafone has announced a partnership with mobile handset manufacturer Samsung to offer cashback offers on a select range of 4G devices.
Vodafone subscribers can avail cashback of Rs 1,500 on the purchase of Galaxy J2 Pro, Galaxy J7 Nxt or Galaxy J7 Max devices. The cash back will be credited to their Vodafone M-Pesa wallets.
“We are incentivizing our customers to enjoy the Vodafone SuperNet 4G data strong network on some of Samsung’s most popular 4G smartphones. With this partnering, we now offer cashback over the widest spectrum of 4G smartphones across various price points,” said Avneesh Khosla, Associate Director – Consumer Business, Vodafone India.
Prepaid customers have to simply recharge with Rs 198 per month for 24 months which would give them unlimited voice calls and 1GB data/day (the customer can also do any other recharge cumulating to Rs 198 per month).
Postpaid customers need to opt into any one of Vodafone’s Red Plans. At the end of the first 12 months, users will receive a cashback of Rs 600 and after another 12 months, a cashback of Rs 900 respectively, thus availing a total cashback of Rs 1,500.
“Today, every third smartphone sold in India is a Galaxy J series device. We are happy to partner with Vodafone as it gives us another opportunity to enhance the consumer experience, combining our popular Galaxy J series smartphones with their services at affordable prices,” said Ranjivjit Singh, Chief Marketing Officer, Samsung India.
The offer attempts to not only increase Vodafone’s reach across the 4G aspiring consumer base but also offer a user base for their M-Pesa wallet services which has around 14 million registered users currently. A previous Vodafone offer on iTel phones also offers Rs 2,100 cashback to subscribers to their M-Pesa account.
Vodafone has 38 per cent smartphone using subscriber base as per latest data. Over the past quarter, the telco has introduced a host of bundled content with data services to boost the data subscription.
Incumbent telecom operators like Vodafone, Airtel and Idea have been in a rush to preserve their subscriber base which has been under threat from Mukesh Ambani’s Reliance Jio’s services. Vodafone lost 1.5 million data customers in June-September quarter.
Airtel has already launched a number of low-cost 4G enabled smartphones under the “Mera Pehla 4G Smartphone” initiative. Reliance Jio was the first in the fray to launch a low cost 4G enabled phone to complement their disruptive prices last year. |
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Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
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Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
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Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
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The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
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LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
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In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
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Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
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Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
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World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
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In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
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