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Reliance Jio vs incumbents: Govt assures telcos of 'corrective steps'

The telecom industry's outstanding debt was to the tune of Rs 4.5 lakh crore

Telecos, Manoj Sinha, Communications Minister
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Founder & Chairman of Bharti Enterprises Sunil Bharti Mittal with Gopal Vittal CEO of Bharti Airtel and Himanshu Kapania MD of Idea Cellular Limited at meeting with Telecom Minister Manoj Sinha in New Delhi on Thursday. Photo: Dalip Kumar

Kiran Rathee New Delhi
The government on Thursday assured the telecom sector it would take corrective steps to ensure growth, and deal with financial stress and declining revenues.

Union Minister of Communications Manoj Sinha met top bosses of telecom firms including Bharti Enterprises founder and Chairman Sunil Mittal, Reliance Group Chairman Anil Ambani, Tata Sons Director Ishaat Hussain, Reliance Jio board member Mahendra Nahata, and Idea Cellular Managing Director Himanshu Kapania.

Six telecom firms presented their views to the minister. Notable absentees from the meeting were Vodafone and Aircel.

According to sources, incumbent operators stressed the issue of interconnect usage charges (IUC), which has