Vodafone India Ltd: Managing in a Turbulent Emerging Market

2021 ◽  
Vol 25 (1) ◽  
pp. 103-117
Author(s):  
V. S. Pai
Keyword(s):  
High Speed ◽  
Emerging Market ◽  
Balance Sheet ◽  
Pole Position ◽  
Smart Devices ◽  
Fibre Optic ◽  
Price Cutting ◽  
Market Disruption ◽  
Telecom Service ◽  
Future Technologies

Along with the global telecom sector, the Indian telecom market has evolved over the past three decades. From the first generation technology in the 1990s, the telecom industry in India offered 4G services in 2012. From microwave technology it has moved into underground fibre optic cables, enhancing the quality and variety of telecom services. Ahead of several emerging markets, subscriber demand in India shifted to data from voice telephony. Subscriber base grew substantially, but average revenue per user (ARPU) has fallen significantly. Intense competition has led to consolidation in the industry. The mobile services faced market disruption from Reliance Jio (R-Jio). The latter launched a strategy of predatory pricing resulting in data wars. R-Jio’s network was based on 4G technology, while other competitors were still offering 2G- and 3G-based services. In comparison to competitors, R-Jio laid more fibre optic cables. Therefore, it could effortlessly upgrade the services offerings to 5G and other future technologies, which competitors could not match so they experienced fall in profits or outright losses. R-Jio also moved into providing fibre-to-the-home technology accompanied with ultra-high-speed internet that could provide a host of entertainment features. As a virtual knee-jerk reaction to the severity of the competitive challenge facing it, Vodafone initiated merger talks with Idea Cellular and soon achieved its culmination. This merger resulted in the largest telecom service company in India. However, Vodafone Idea Ltd.’s balance sheet was over leveraged, rendering it incapable of playing the price cutting game. Besides, it was unclear if it would be able to build the formidable infrastructure required to invest in 5G spectrum, offer superior content as well as smart devices. It soon became obvious that the merger could catapult Vodafone to the pole position in the industry but staying and flourishing there would require it to be more resourceful, imaginative and aggressive. Balesh Sharma, the CEO of Vodafone-Idea Ltd., and his top management team had to respond to the challenges the company was facing and emerge successful.

Harinder S. Kohli (ed.). Growth and Development in Emerging Market Economies: International Private Capital Flows, Financial Markets and Globalisation. New Delhi: Sage Publication 2008. 369 pages. Hardbound. Indian Rs 695.00.

2008 ◽  
Vol 47 (3) ◽  
pp. 304-305
Author(s):  
Henna Ahsan
Keyword(s):  
Capital Flows ◽  
Growth And Development ◽  
Global Economy ◽  
Emerging Market ◽  
Balance Sheet ◽  
Emerging Market Economies ◽  
New Delhi ◽  
Infrastructure Development ◽  
Market Economies ◽  
Emerging Market Countries

The book discusses the different experiences in Asia and Latin America, while covering the closely related areas under the purview of Emerging Market Economies (EMEs). The first chapter, “Introduction and Overview” has written by Harinder S. Kohli gives an excellent review of the existing literature on the subject. The book discusses six related topics which include nine papers presented at the Emerging Markets Forum Meeting held in Jakarta, Indonesia, in September 2006. The book highlights the main factors of growth and development in Emerging Market Economies (EMEs) now closely related with international capital flows, development of financial market, the countries’ ability to integrate successfully with the global economy through trade and investment and their ability to forge public-private partnerships including infrastructure development. Chapter 2, of the book is an article titled “Global Imbalances, Oil Revenues and Capital Flows to Emerging Market Countries” by Jack Boorman explains the favourable global environment and its impact on capital flows to Emerging Market Countries (EMCs). The EMCs got advantage from this benign global economic environment, such as high economic growth rate, increase in exports, better national balance sheet and increase in foreign exchange reserves, but due to high oil prices the situation has been changed.

scholarly journals Leadership skills, stakeholder management and execution of fibre-optic infrastructure: intervening influence of government policy

2021 ◽  
Vol 13 (1) ◽  
pp. 2426-2437
Author(s):  
James Akhwaba
Keyword(s):  
Government Policy ◽  
High Speed ◽  
Survey Design ◽  
Stakeholder Management ◽  
Leadership Skills ◽  
Target Population ◽  
Fibre Optic ◽  
Cross Sectional Survey ◽  
Cross Sectional ◽  
Joint Influence

Abstract Communication technology has drastically evolved in the last 10 years across the globe. With increased demand for data and voice traffic, fibre-optic network is preferred to transmit high-speed broadband. Nonetheless, fibre-optic infrastructure involves huge construction challenges and continues to fail because of ineffective leadership, stakeholder management and government policies. The main purpose of this study was to investigate how government policy intervenes on the joint influence of leadership skills and stakeholder management on execution of fibre-optic infrastructure in Nairobi County, Kenya. This study adopted the pragmatism paradigm approach, with a cross-sectional survey design. Census was used to select 187 respondents from a target population of 187 functional staff in fibre-optic infrastructure departments. A questionnaire was used to collect quantitative data while an interview guide was used to collect qualitative data. Statistical analysis techniques were used to analyse the data. It was demonstrated that government policy has a significant intervening influence on the joint influence of leadership skills and stakeholder management on execution of fibre-optic infrastructure. Therefore, governments should come up with policies to guide and regulate execution of fibre-optic infrastructure, review building code to allow for fibre-optic services in new buildings, develop right of way conduits and establish a centrally coordinated authority to facilitate time-bound issuance of permits and related services. It was suggested that similar studies should be carried out in other countries and target vendors and contractors engaged in supply of equipment and construction of fibre-optic infrastructure.

High Speed Detectors For Fibre Optic Communications

1985 ◽  
Author(s):  
K. L. Monham ◽  
P. G. McTiernan ◽  
B. T. Debney ◽  
J. Hankey
Keyword(s):  
High Speed ◽  
Fibre Optic

Prospects for the Application of the Global High-speed, Low Latency Broadband Satellite Internet in the Field of Road Transport

2021 ◽  
pp. 254-264
Author(s):  
Anatoliy Soltus ◽  
◽  
Maksym Rud ◽  
Keyword(s):  
Antenna Arrays ◽  
Communication Systems ◽  
High Speed ◽  
Electromagnetic Compatibility ◽  
Emerging Market ◽  
Satellite Communications ◽  
Road Transport ◽  
Unmanned Vehicles ◽  
Low Latency ◽  
Current State

The article examines the problems of navigation and communication with the use of satellite technologies in road transport in the context of the growth of globalization processes in the world economy and the transformations of freight transport technologies caused by a large-scale transition to transport with zero emissions and the development of unmanned vehicles. The paper discusses the principles of building a global high-speed broadband satellite Internet with low latency. Potential capabilities of technologies such as digital antenna arrays and laser communication channels used in such systems are analyzed. Also considered are the existing and potential problems, both technical with electromagnetic compatibility with existing satellite communication systems and between systems under construction or planning, and legal caused by changes in the principles of information transfer at the interstate level. The main players in the emerging market of high-speed satellite communications are considered and the parameters of the systems declared by them are described. The comparison of the current state of building satellite constellations of individual projects is carried out and the ability to implement the announced plans by individual companies is analyzed. The disadvantages that create obstacles for the introduction of high-speed satellite communications in road transport at the moment and the directions of their overcoming are highlighted. Considering the potential of satellite Internet systems, the current state of construction, as well as existing technical and legal restrictions, the introduction of reliable satellite communications will significantly speed up the transition to autonomous unmanned vehicles. In this regard, the most successful opportunities for the new communication technology will be able to realize the transport companies, which will simultaneously update the fleet of vehicles towards zero emissions and with unmanned technologies.

Novel Taxonomy to Select Fog Products and Challenges Faced in Fog Environments

2021 ◽  
pp. 2558-2571
Author(s):  
Akashdeep Bhardwaj
Keyword(s):  
Cloud Computing ◽  
Distributed Computing ◽  
High Speed ◽  
Low Cost ◽  
Fog Computing ◽  
Research Work ◽  
Cloud Services ◽  
Smart Devices ◽  
Viable Solution ◽  
Last Mile

This article describes how the rise of fog computing to improve cloud computing performance and the acceptance of smart devices is slowly but surely changing our future and shaping the computing environment around us. IoT integrated with advances in low cost computing, storage and power, along with high speed networks and big data, supports distributed computing. However, much like cloud computing, which are under constant security attacks and issues, distributed computing also faces similar challenges and security threats. This can be mitigated to a great extent using fog computing, which extends the limits of Cloud services to the last mile edge near to the nodes and networks, thereby increasing the performance and security levels. Fog computing also helps increase the reach and comes across as a viable solution for distributed computing. This article presents a review of the academic literature research work on the Fog Computing. The authors discuss the challenges in Fog environment and propose a new taxonomy.

The Channels of Transmission of Monetary Policy

2021 ◽  
pp. 45-88
Author(s):  
Juan Antonio Morales ◽  
Paul Reding
Keyword(s):  
Monetary Policy ◽  
Emerging Market ◽  
Asset Price ◽  
Balance Sheet ◽  
Transmission Mechanism ◽  
Monetary Transmission ◽  
Monetary Transmission Mechanism ◽  
The Interest Rate ◽  
The Impact ◽  
Transmission Of Monetary Policy

This chapter explores the monetary transmission mechanism (MTM) in low financial development countries (LFDCs). It successively discusses the interest rate, asset price, bank credit, balance sheet, expectations, and real balance channels. For each channel, conceptual aspects about how it operates, how it transmits monetary policy impulses to the economy’s financial and real spheres, are first presented. Next, the impact of the specificities of LFDCs on the channel’s strength and reliability are examined and the available empirical evidence is surveyed. The chapter concludes with a global assessment of the effectiveness of the monetary transmission mechanism in LFDCs. Evidence points to a transmission mechanism that is effective although not very strong, and possibly also more uncertain than in advanced and emerging market countries.

Broadband Communications for Aircraft in Oceanic and Other Remote Areas

2014 ◽  
Vol 1 (1) ◽  
pp. 51-59
Author(s):  
Stephen John Curran
Keyword(s):  
Video Streaming ◽  
High Speed ◽  
Data Communication ◽  
Data Service ◽  
Fibre Optic ◽  
Technical Challenge ◽  
Data Services ◽  
Remote Areas ◽  
Broadband Communications ◽  
High Speed Data

Data communication with aircraft presents unique technical challenges and these challenges are more pronounced when the aircraft are travelling over oceanic or other remote areas. When in populated areas, systems are available that can support high speed data services, one Gigabit per second (Gbps) and beyond via, terrestrial ground stations. However no such systems exist to provide airborne communications with high bandwidths among aircraft and between aircraft and the ground in more remote regions. Passengers will expect data service on the aircraft similar to what they typically experience on the ground. Multimedia activities, such as video streaming, are very bandwidth intensive and the provision of these services presents a serious technical challenge. On the ground, fibre optic cables are the method of choice for the provision of high speed data service, and in contrast, an airborne high speed data communications solution will need to be a wireless one.

The impact of guaranteed bailout assistance on bank loan overstatement

2016 ◽  
Vol 12 (2) ◽  
pp. 177-210
Author(s):  
Alejandro Hazera ◽  
Carmen Quirvan ◽  
Salvador Marin-Hernandez
Keyword(s):  
Financial Crisis ◽  
Emerging Market ◽  
Balance Sheet ◽  
Bank Loan ◽  
Content Type ◽  
Put Options ◽  
Regulatory Policies ◽  
Ex Post ◽  
Ex Ante ◽  
The Impact

Purpose – The purpose of this paper is to highlight how the basic binomial option pricing model (BOPM) might be used by regulators to help formulate rules, prior to financial crisis, that help prevent loan overstatement by banks in emerging market economies undergoing financial crises. Design/methodology/approach – The paper draws on the theory of soft budget constraints (SBC) to construct a simple model in which banks overstate loans to minimize losses. The model is used to illustrate how guarantees of bailout assistance (BA) (to banks) by crisis stricken countries’ financial authorities may encourage banks to overstate loans and delay the implementation of IFRS for loan valuation. However, the model also illustrates how promises of BA may be depicted as binomial put options which provide banks with the option of either: reporting loan values on poor projects accurately and receiving the loans’ liquidation values; or, overstating loans and receiving the guaranteed BA. An illustration is also provided of how authorities may use this representation to help minimize bank loan overstatement in periods of financial crisis. In order to provide an illustration of how the option value of binomial assistance may evolve during a financial crisis, the model is generalized to the Mexican financial crisis of the late 1990s. During this period, Mexican authorities’ guarantees of BA to the nation’s largest banks encouraged those institutions to overstate loans and delay the implementation of (previously adopted) international “best practices” based loan valuation standards. Findings – Application of the model to the Mexican financial crisis provides evidence that, in spite of Mexico’s “official” 1997 adoption of international “best accounting practices” for banks, “iron clad” guarantees of BA by the country’s financial authorities to Mexico’s largest banks provided those institutions with an incentive to knowingly overstate loans in the late 1990s and early 2000s. Research limitations/implications – The model is compared against only one country in which the BA was directly infused into banks’ loan portfolios. Thus, as conceived, it is directly applicable to crisis countries in which the bailout took this form. However, the many quantitative variations of SBC models as well as recent studies which have applied the binomial model to other forms of bailout (e.g. direct purchases of bank shares by authorities) suggest that the model could be modified to accommodate different bailout scenarios. Practical implications – The model and application show that guaranteed BA can be viewed as a put option and that ex-ante regulatory policies based on the correct valuation of the BA as a binomial option might prevent banks from overstating loans. Social implications – Use of the binomial or similar approaches to valuing BA may help regulators to determine the level of BA that will not encourage banks to overstate the value of their loans. Originality/value – Recent research has used the BOPM to value, on an ex-post basis, the BA which appears on the balance sheet of institutions which have been rescued. However, little research has advocated the use of this type of model to help prevent, on an ex-ante basis, the overstatement of loans on poor projects.

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