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沃达丰Idea的市场份额进一步受到Jio、Airtel等农村重点提升的威胁
VIL在2022年1月至9月期间的资本支出为32.26亿卢比，比Bharti Airtel在印度的支出低约80%。“随着融资持续推迟，资本支出滞后不太可能缩小。尽管vida获得了3.3GHz/26GHz 5G频谱(2022年底)，但5G的推出不太可能。”
VIL在2022年1月至9月期间的资本支出为32.26亿卢比，比Bharti Airtel在印度的支出低约80%。“随着融资持续推迟，资本支出滞后不太可能缩小。虽然vida获得3.3GHz/26GHz5 g频谱(2022年底)，5克推出不太可能，”里昂证券(CLSA)分析师在一份报告中表示。
该经纪公司预计，沃达丰Idea的市场份额损失将从2022年的2个百分点扩大，因资本支出低和缺乏资金支持而加剧5克这是由于筹资延迟和260亿美元的政府债务负担造成的。”
在22财年，Jio开始清理其用户群中的低付费订阅，导致损失了3000万用户，但平均每用户收入(ARPU)增加了。摩根大通分析师Ankur Rudra在最近的一份报告中表示:“我们认为，随着它积极推出5G，它将瞄准Bharti和(沃达丰)Idea的高端ARPU潜艇。
对于VIL来说，这意味着危险，因为其后付费消费者占其当前客户群(2.456亿)的2100万，占其总收入的25%。
这可能会导致进一步的收入市场份额(RMS)侵蚀。从20财年的均价27.1%，VIL的份额现在是17.3%(截至2022年9月底)。与此同时，Airtel的RMS从30.3%增长到35.8%，Jio的RMS从33.9%增长到40.9%。
VIL对政府的会费包括在2022年频谱拍卖中用于5G频谱收购的1880亿卢比，1367亿卢比的频谱债务，以及6860亿卢比的调整后总收入(AGR)会费。
它继续挣扎于外部资金筹集，这也导致政府的股权转换延迟。
Airtel首席执行官Gopal Vittal表示，到2024年3月，该电信公司打算将关键农村地区纳入5G覆盖范围。“我们现在看到超过40%行业4G网络来自农村地区，我认为现在是时候弥补移动网络与行业领先企业之间的很大一部分覆盖差距了。”他在公司与分析师的第二季度业绩电话会议上表示。
Airtel已将农村地区视为一个关键增长领域，以弥合其用户基础与市场领导者Jio之间的差距。过去，Idea Cellular在农村市场占有重要地位。然而，随着Airtel加大努力获得更多农村客户，VIL的用户基础现在正受到威胁。
米塔尔:ARPU需要达到每月300卢比
“价格需要上涨。我们都知道这一点。我们需要每月300卢比的ARPU，考虑到用户每月消耗60g的数据，这仍然是目前为止最便宜的。因此，印度需要有一个适当的定价机制，”米塔尔在达沃斯接受Moneycontrol采访时表示。“我希望我们能达到这一点，”他补充说。
过去几年，VIL的农村用户基数一直在下降，用户被竞争对手抢走。根据每月发布的订户数据印度电信监管局， Vi的农村市场基础从2020年10月的1.57亿下降到2021年10月的1.36亿，再到2022年10月的1.21亿。
而Airtel在农村市场的基数则从2020年10月的1.56亿增长到2021年10月的1.7亿，再到2022年10月的1.77亿。Jio的农村市场基础也出现了类似的增长，尽管在2022年有所放缓。到2020年10月，该公司拥有1.71亿农村客户，到2021年增长到1.84亿，到2022年10月底为1.85亿。
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<\/figure>MUMBAI: Vodafone Idea<\/a>\u2019s deepening financial crisis coupled with peers Reliance Jio<\/a> and Bharti Airtel<\/a>\u2019s aggression in 5G rollouts<\/a>, and their increased focus on high paying customers and rural market penetration, makes the cash strapped telco vulnerable to further erosion in market share, analysts said.VIL\u2019s capex for January to September 2022 period was Rs 3,260 crore, about 80% below Bharti Airtel\u2019s India spend. \u201cThe capex lag is unlikely to narrow with the ongoing fundraising delay. Although VIdea acquired 3.3GHz\/26GHz 5G spectrum<\/a> (at end 2022), 5G rollout<\/a> is unlikely,\u201d CLSA analysts said in a report.
The brokerage expects Vodafone Idea\u2019s market share loss to widen from 2 percentage points in 2022, exacerbated by the low capex and the lack of 5G<\/a> rollout caused by fundraising delays and its $26 billion government debt burden.\"
<\/div><\/div>The delay in rolling out 5G leaves VIL\u2019s high paying customers open for poaching by Airtel and Jio<\/a>, especially considering the latter\u2019s new strategy to focus on acquisition of high paying customers.
In FY22, Jio started the clean-up of low paying subs in its user base, resulting in a loss of 30 million users, but an increase in average revenue per user (ARPU). \u201cWe believe it will target the high-end ARPU subs of Bharti and (Vodafone) Idea now with its aggressive 5G rollout,\u201d said JP Morgan analyst Ankur Rudra in a recent report.
For VIL, this spells danger as its postpaid consumers make up 21 million of its current customer base (245.6 million), and 25% of its overall revenue.
This could lead to further revenue market share (RMS) erosion. From 27.1% RMS in FY20, VIL\u2019s share is now 17.3% (as of September 2022 end). In the same time, Airtel\u2019s RMS has grown to 35.8% from 30.3%, and Jio\u2019s has grown to 40.9% from 33.9%.
VIL\u2019s dues to the government include Rs 18,800 crore towards 5G spectrum acquisition in the 2022 spectrum auctions, Rs 1,36,700 crore in spectrum debt, and Rs 68, 600 crore in adjusted gross revenue (AGR) dues.
It continues to struggle with external fund raise which is also leading to delays in equity conversion by the government.
In FY22, Jio started the clean-up of low paying subs in its user base, resulting in a loss of 30 million users, but an increase in average revenue per user (ARPU). \u201cWe believe it will target the high-end ARPU subs of Bharti and (Vodafone) Idea now with its aggressive 5G rollout,\u201d said JP Morgan analyst Ankur Rudra in a recent report.
For VIL, this spells danger as its postpaid consumers make up 21 million of its current customer base (245.6 million), and 25% of its overall revenue.
This could lead to further revenue market share (RMS) erosion. From 27.1% RMS in FY20, VIL\u2019s share is now 17.3% (as of September 2022 end). In the same time, Airtel\u2019s RMS has grown to 35.8% from 30.3%, and Jio\u2019s has grown to 40.9% from 33.9%.
VIL\u2019s dues to the government include Rs 18,800 crore towards 5G spectrum acquisition in the 2022 spectrum auctions, Rs 1,36,700 crore in spectrum debt, and Rs 68, 600 crore in adjusted gross revenue (AGR) dues.
It continues to struggle with external fund raise which is also leading to delays in equity conversion by the government.
<\/div><\/div>On the other hand, VIL\u2019s grip on its rural consumer base is also under threat as Airtel and Jio increase their penetration beyond the metros.
Airtel chief executive Gopal Vittal said that by March 2024, the telco intends to include key rural areas under its 5G coverage. \u201cWe are now seeing over 40 percent of industry<\/a> 4G net adds coming from rural areas and believe the time is right to bridge a substantial part of the coverage gap in Mobile against the leading player in the industry,\u201d he said, during the company's call with analysts for the Q2 results.
Airtel has identified rural as a key growth area to bridge the gap between its subscriber base and that of Jio, the market leader. In the past, Idea Cellular had a significant presence in the rural markets. This user base for VIL however is now under threat as Airtel ramps up efforts to acquire more rural customers.
Airtel chief executive Gopal Vittal said that by March 2024, the telco intends to include key rural areas under its 5G coverage. \u201cWe are now seeing over 40 percent of industry<\/a> 4G net adds coming from rural areas and believe the time is right to bridge a substantial part of the coverage gap in Mobile against the leading player in the industry,\u201d he said, during the company's call with analysts for the Q2 results.
Airtel has identified rural as a key growth area to bridge the gap between its subscriber base and that of Jio, the market leader. In the past, Idea Cellular had a significant presence in the rural markets. This user base for VIL however is now under threat as Airtel ramps up efforts to acquire more rural customers.