Telecom Sector Woes

Industrialist Kumar Mangalam Birla has expressed willingness to offer his group's 27% stake in VIL to any government or domestic financial entity in order to keep the stressed telecom company alive

Radical steps are needed to fix the telecom crisis

After interim relief for telecom, structural reforms must follow

The move to weed out low-revenue users cost the telco 14 million subscribers in Q1 and analysts predict further erosion, as they feel the strategy may have backfired

According to sources, the DCC asked the Trai to consider reducing recommended penalties on the violators of licence conditions "in view of the health of the sector"

The industry is also looking for refund of excess credit held up in GST

Among these are the users of Aircel

Bharti will take over Tata's mobile operations in 19 circles

The telcos could be given 16 years instead of 10 years for deferred spectrum payment