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Govt is keeping an eye on financial stress in telcom sector: Manoj Sinha

He also assured the industry an intervention when required

Press Trust of India  |  New Delhi 

Manoj Sinha | Photo: Wikimedia Commons
Manoj Sinha | Photo: Wikimedia Commons

Communications Minister Manoj Sinha on Wednesday said the is keeping a watch on the financial stress in the and assured the industry of an "intervention" when required.

Addressing a conference at the Mobile Congress, Sinha said that "legal opinion" is being taken on certain aspects of inter-ministerial panel's proposals related to stress in the Indian but did not elaborate.

Admitting that some players in the sector were feeling financially stressed, he said telecom is a "success story" and the will ensure its continuity.

"is aware of sector's financial stress and when required we have intervened. And in future also, if required, we will intervene," Sinha said.

On sector rivals and Sunil Bharti Mittal advocating a collaborative approach for growth of the sector, Sinha hoped that the two giants will come together for realising the 'India' dream.

Asked about the key players publically lamenting India's regulatory framework and high levies, Sinha refused to comment saying the matter will be dealt with through discussion with operators.

He further that an inter-ministerial group (IMG) was constituted to recommend measures to mitigate financial difficulties of the sector and its report had been placed before the Telecom Commission.

"IMG was constituted and its report was discussed at the last Telecom Commission meeting...some legal opinion is being sought...it will be decided in the next meeting," he said.

First Published: Wed, September 27 2017. 19:44 IST