Vodafone India unit says inclined to follow rivals' price moves

Wed Jan 23, 2013 5:51pm IST

Men ride their horse carts past an umbrella with a Vodafone logo on a road in Jammu November 21, 2011. REUTERS/Mukesh Gupta/Files

Men ride their horse carts past an umbrella with a Vodafone logo on a road in Jammu November 21, 2011.

Credit: Reuters/Mukesh Gupta/Files

Related Topics

Stocks

   

REUTERS - Vodafone's(VOD.L) India unit, the country's No.2 mobile phone operator, said it was inclined to follow price moves by competitors but has not decided on precise steps.

"We are inclined to follow to maintain consistency and competitive position though we haven't decided on our precise circle-wise moves," it said in a statement.

Earlier on Wednesday, Bharti Airtel Ltd (BRTI.NS), India's top mobile phone carrier, said it had raised voice call prices, while Idea Cellular Ltd (IDEA.NS), India's No.4 by customers, said it had effectively raised voice call prices in some parts of the country after withdrawing promotional offers.

(Reporting By Aradhana Aravindan and Devidutta Tripathy; Editing by Gopakumar Warrier)

FILED UNDER:

Reuters Showcase

GDP Growth

GDP Growth

India revises up 2013/14 GDP growth to 6.9 percent.  Full Article 

Pharma Deal

Pharma Deal

Sun Pharmaceutical wins U.S. approval to buy Ranbaxy  Full Article 

Adani Restructuring

Adani Restructuring

Adani hives off power, ports businesses to boost growth.  Full Article 

Bank of Baroda

Bank of Baroda

Q3 net profit down 69 pct on higher provisions  Full Article 

Trading Fees

Trading Fees

BSE slashes fees in FX derivatives battle with NSE  Full Article 

SpiceJet Turnaround

SpiceJet Turnaround

SpiceJet board approves up to $243 mln share sale plan  Full Article 

Currency Market

Currency Market

RBI urges companies to hedge FX exposure  Full Article 

Banking Sector

Banking Sector

Banks say no room to cut lending rates, thwarting RBI easing  Full Article 

Reuters Poll

Reuters Poll

RBI seen holding rates steady on Tuesday, minority of analysts expect cut  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage