Of the total AGR dues of Rs 13,823 crore, Rs 10,000 crore will be raised from banks by Tata Sons, while the remaining will be raised from internal accruals
Radical steps are needed to fix the telecom crisis
As the decade ends, the bloodbath in the market has forced consolidation and closures
The move came after Trai received a significant number of complaints from individual consumers on lack of transparency in disclosure of tariff information
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
The IUC must take into account all cost components including capex and spectrum charges borne by the operator
'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
Within hours of IUC announcement, TRAI released a consultation paper to fix minimum rates for mobile services, a move that can effectively end the regime of free calling and dirt cheap data
Focus on postpaid, 2G network, and vibrant enterprise business make Airtel attractive
Russia, China, Europe and India favoured stringent norms of 5G services but later, Russia agreed for usage of 5G in spectrum bands where satellites are being used
India has no alternative to cable broadband; network assets must reach every home
There have been reports of telecom companies approaching the regulator to fix the floor price or minimum tariff to be offered by them
Gross revenue of the telecom sector in 2016-17 was Rs 2.65 lakh crore, which had reduced to Rs 2.46 lakh crore a year later and then to Rs 2.24 lakh crore in 2018-19, the ministers said
Looking back to a time when the biggest telcos and funds from across the world queued up with top dollars, many in the Indian telecom business rose up the rich list, and how
Is there a way out? First and foremost, recognise that we are dealing with issues of solvency
Vodafone Idea is now squeezed between high debt and poor revenue realisations
The company also said that it understands that telecom regulator Trai is likely to initiate a consultation for bringing rationality in pricing in the Indian mobile sector
Govt should prevent a near-monopolistic situation
Operating performance improved sharply but net loss at Rs 23,045 is the third highest by an Indian corporate in a quarter
The govt must take a call at the highest level at the earliest, treating Vodafone's exit call with all the seriousness that it deserves