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Policy booster likely for telecom companies

Operators to spend $20 billion for network upgrades: COAI

Bloomberg 

The government is working on a new policy to encourage capital spending and restore the financial health of mobile-phone operators battered by a bruising tariff war, Telecom Secretary Aruna Sundararajan said. Public consultation will begin by year-end and Cabinet approval is expected by March, she said in an interview in New Delhi, declining to share details. Voicing a key industry demand, billionaire Sunil Mittal, who controls Bharti Airtel, said on Thursday that policymakers should reconsider norms, which effectively charge companies twice for spectrum. The price war may ...

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First Published: Sat, November 25 2017. 01:12 IST