Bharti Airtel chairman says dispute over payments has caused 'significant distress' to the industry
The deal could be a game-changer for hinterland connectivity.
At 09:15 am; around 155.71 million equity shares representing 2.85 per cent of total equity of Bharti Airtel changed hands on the BSE, the exchange data show.
Says SC order did not specify quantum of dues to be paid
Emerging from a meeting with Telecom Secretary Anshu Prakash on Wednesday, Mittal said, 'They said pay full....we have paid full dues'
Besides licence fees, telecom companies owe Rs 55,054 crore in spectrum usage charges (SUC), as per estimates of the Department of Telecommunications (DoT)
The government will ensure coordination on three aspects -- compliance to SC order, ensuring health of the sector and customer interest, the source added
While the two refused to comment on discussions they had with Sitharaman, Mittal said the telecom sector has been under stress for the last three-and-a-half years
He said Airtel has already announced its plans to pay the dues that arose from the apex court ruling
According to the sources, Trump's business delegation with around 15 CEOs would represent sectors ranging from finance and banking to information technology and retail
Analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income
He noted that digital technologies are set to become the primary platform for economic activity and growth
At the other end of the spectrum, Essel Group topped the list of losers, followed by Vedanta and Munjal (Hero) group
It's been a bruising battle but Mittal has managed to remain standing without conceding much market share to his rival and keeping his debt under control
Industrialists talk ease of doing business; trade bodies stress on minimum wages, I-T ceiling
'We are unnecessarily killing this industry in a manner and way that is not conducive for our industry, and that's why we need Trai intervention,' Mittal added
We are very confident about the leadership in the technology space, and that is reflected in the fact that we are providing 20 5G commercial networks in all geographies around the world, he said
Supreme Court had on October 24 upheld government contention that non-core revenue in telecoms groups should be included in adjusted gross revenue
According to Mittal, it is surprising how fast Huawei have improved their technology.
Bharti Airtel will seek the approval at its annual general meeting to be held on August 14 in New Delhi