Based on current data, analysts said Bharti Airtel had enough opportunity to monetise and pay the AGR dues
Says incumbents have enough resources, monetisation opportunities pay up
During the festive season of Dussehra and Diwali, Jio made its phone available at a special price of Rs 699, against the earlier price of Rs 1,500.
The distress at India's No. 2 phone operator deepened last week after the nation's top court ordered it to pay about $4 billion in past dues, dealing a fresh blow to the struggling business
The committee, led by Cabinet Secretary Rajiv Gauba, will have secretaries from finance, law, telecom ministries
The company had posted an ARPU of Rs 100 in the corresponding period of the last financial year (2018-19).
With the telecom sector staring at a massive payout following a Supreme Court order, the government has constituted a Committee of Secretaries to work out a financial bailout package
Recently, SC had upheld the government's definition of adjusted gross revenue (AGR) and directed telecom operators to pay up the pending dues that could add up to an estimated Rs 1.33 trillion
RIL has announced that it's setting up a wholly-owned subsidiary called 'Jio Platforms Limited' for its digital platform initiatives
RIL's restructuring of telecom/ digital business raises focus on asset monetisation and debt reduction, says Morgan Stanley
Analysts largely see this as a positive for the sector, saying it will allow Bharti Airtel and Vodafone Idea to increase their rates as well
The subsidiary will also acquire RIL's equity investment of Rs 65,000 crore in Reliance Jio Infocomm Ltd (RJIL)
Existing JioPhone plans will continue alongside the newly introduced plans
The Supreme Court on Thursday ordered phone operators in the country to pay the government a combined Rs 920 billion in past airwaves and license fees
The verdict will also provide a relief to the government, which is reeling under the problem of controlling its fiscal deficit with some extra revenue
Reliance Jio has paid Rs 1,133 crore to the Department of Telecom, Vodafone Idea paid Rs 2,421 crore and Bharti Airtel paid Rs 977 crore
The new plans come with 2GB free daily data, with free unlimited Jio-to-Jio voice calls
Jio was the only operator to add 7.2 million active subscribers in August 2019
The telco has announced three new plans that come bundled with the 6-paise-per-minute charge imposed on voice calls to other networks, so subscribers will not have pay anything additionally
It also alleges that the move will impact the credibility of the regulator as well as investor confidence