Top headlines: 7 more bullet trains in India; telcos to replace spectrum

From telcos spending Rs 44,000 cr for replacing expired spectrum to centre planing 7 more bullet trains, here are top headlines this morning

Telcos must fork out Rs 44,000 crore to replace expired spectrum

The country’s top three telecom companies (telcos) will have to spend a minimum of around Rs 44,000 crore merely to replace the spectrum they hold, directly or through sharing, and which expires next year. With the government getting 25 per cent of the money upfront, this constitutes one-third of the estimated industry earnings before interest, tax, depreciation, and amortisation of Rs 33,981 crore, based on Cellular Operators Association of India estimates for 2019-20. Read More

US-based fund DVI invokes force majeure clause in Amtek's debt resolution

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