The firm, however, posted an over 2x jump in profit before tax (PBT) of Rs 372 crore for the quarter ended June (Q1) before exceptional items
Mittal said the government should look at rationalising levies on the sector and "close long-standing legal disputes that are a big drag on the performance of operators"
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Bharti Airtel chairman says dispute over payments has caused 'significant distress' to the industry
It's been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies
On July 31, 1995, mobile telephony began in India at Rs 16.80 a minute peak tariff. Now, most local voice calls are free, a market which has the largest subscriber base in the world after China
Says industry may not have the appetite for it because of AGR issue
Work from home getting wider acceptance amid Covid-19 could be the right catalyst for increasing the wireline broadband penetration
Bharti Airtel, however, was trading flat at Rs 577 on the BSE as compared to 1.1 per cent rise in the S&P BSE Sensex
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Cabinet likely to take up the issue in its next meeting
Order on staggered payment timeline reserved
The Centre had earlier urged the top court that up to 20 years be given to telecom companies for the payment of dues in staggered manner
The company had earlier deposited Rs 6,854 crore in three tranches
According to a person in the know, group firms affected the most were the airline, hotel, housing, and financial services verticals.
According to a senior executive of a telecom tower firm, Vodafone Idea cited payment of adjusted gross revenue (AGR) to the government and the resultant cash flow problems for the default.
The industry ARPU will have to rise to Rs 200 in the medium-term for viable operations, and so further tariff hikes cannot be ruled out, Icra said
Any tariff hike is possible only if there is collective effort on the part of all telcos, says research firm Motilal Oswal
Loss in subscriber count offsets gains on ARPU front in the March quarter