Telecom Stress

The BSE telecom index has touched a new all-time high on Thursday, suggesting positive sentiment over the next few sessions

In general, the exposure of banks to the entire telecom sector ranges between 10% and 30% of their total equity with Yes Bank having the highest exposure of 29% amongst private banks

On a specific question on minimum tariff fixation, Takkar said he did not wish to speculate on how floor price mechanism can be implemented

Vodafone Idea yesterday reported a massive net loss of Rs 50,922 crore for the July-September quarter, the highest-ever quarterly loss by an Indian company

In another development, Reliance Jio on Wednesday attacked incumbent operators, saying it disagreed with "the threatening and blackmailing tone" of the COAI's letter against the SC's judgement on AGR

The committee, led by Cabinet Secretary Rajiv Gauba, will have secretaries from finance, law, telecom ministries

However, it has not recommended any cut in licence fee or spectrum usage charges

Officials familiar said the group is debating easing of spectrum cap within a particular band