Telecom operator Vodafone Idea Ltd on Thursday announced a postpaid plan, REDX, promising up to 50 per cent faster data speeds, besides other benefits and privileges. Vodafone REDX will offer bundled international roaming services, unlimited data with superior data speeds (compared to its regular plans), premium customer service, access to airport lounges, exclusive deals on handsets, hotel bookings and other benefits, a company statement said.
“This couples with a network experience that delivers up to 50 per cent faster data speeds,” it added. The offering is priced at Rs 999 per month with a minimum commitment of six months. The plan is “specially designed keeping in mind the needs of the digital Indian, who wants seamless uninterrupted high-speed connectivity with a host of world-class benefits”, the company statement said.
It said that customers will be able to avail international calls to the US and Canada at 50 paise per minute.
Shares of Vodafone Idea and Bharti Airtel jumped up to 8.5 per cent on Wednesday amid reports the government has constituted a panel to work out a bailout package for the telecom sector. As the telecom sector stares at a massive payout following a Supreme Court order, the government has created a Committee of Secretaries to work out a financial bailout package that may include lowering of spectrum charges as well as ending the era of free mobile phone calls and dirt cheap data. Shares of Vodafone Idea zoomed 8.57 per cent to Rs 4.18 on the BSE.
Shares of Bharti Airtel on Tuesday fell over 3 per cent after the company deferred the September quarter result announcement till November 14, due to the adjusted gross revenue (AGR) issue.