Vodafone Thought’s (Vi) chief regulatory and company affairs officer P Balaji has stepped down from his position, the corporate introduced in a regulatory submitting. Balaji will stop his position on January 10, 2024. He has been Vodafone Thought’s chief regulatory and company affairs officer since 2018 when Vodafone and Thought merged. Earlier than this, he was the Director of Regulatory and Exterior Affairs for Vodafone Thought.
This previous yr, there was a flurry of rumors about totally different firms shopping for stakes in Vi. In September 2023, experiences recommended that Amazon was planning on buying Vodafone Thought (Vi), just for Vi to later deny the identical. Equally, on January 2, Vi was requested to make clear whether or not it was tying up with Elon Musk’s House X, which it has once more denied.
The corporate has additionally seen a number of vital public consultations throughout Balaji’s tenure such because the session on the Telecommunication Invoice, 2022, the Telecom Regulatory Authority of India’s (TRAI) session on the regulation of over-the-top (OTT) communication companies in July 2023, and TRAI’s session on regulating converged digital applied sciences.
Challenges forward of Balaji’s substitute:
Whereas Vi has not specified who will likely be changing Balaji, the substitute will likely be met with an organization that’s working to revive its subscriber base. In its final earnings name, Vi reported a decline in its subscriber base going from 221.4 million in Q1FY24 to 219.8 million by the tip of the earlier quarter.
The corporate may also be participating with a brand new regulatory panorama with the Telecommunication Act 2023 changing the Indian Telegraph Act, 1885, the Indian Wi-fi Telegraphy Act, 1933, and The Telegraph Wires (Illegal Possession) Act, 1950.
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