From UVARCL sweeping up bankrupt telcos to government's take on the financial stress of the telecom sector, Business Standard brings you the top business headlines of the day
Disappointed with the decision, Bharti Airtel, which is facing an estimated AGR demand of Rs 35,586 crore said it was evaluating filing a curative petition
But tariff hikes will not translate instantly into ARPU growth
The recent tariff increases by telecom operators will improve their earnings, enabling them to invest in better network infrastructure and step up service quality
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Rajnish Kumar, chairman, State Bank of India (SBI), says the economy has bottomed out and there is a need to revive the capital expenditure cycle
Radical steps are needed to fix the telecom crisis
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IUC extension is welcome, but Trai should take a holistic view
Bharti Telecom holds around 41 per cent stake in Bharti Airtel while foreign promoter entities hold 21.46 per cent stake in the telecom firm
Bharti Airtel's board has already approved raising $3 billion through a combination of equity $2 billion and debt $1 billion
Congress spokesperson Pawan Khera alleged public sector companies like BSNL and MTNL, which were making profits under the previous UPA 1 and 2 governments, were now running at losses
Vodafone Idea and Bharti Airtel have announced to raise mobile calling and data rates from December 3
The company has announced new plans for prepaid product and services with 2 days, 28 days, 84 days, 365 days validity
Vodafone Idea this month booked a $7 billion quarterly loss, the biggest in Indian corporate history, in large part due to provisions for payments owed
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
Is there a way out? First and foremost, recognise that we are dealing with issues of solvency
Workers under contractors for BSNL have not received their wages since December last year
In October, the government had constituted a committee of secretaries (CoS) - headed by Cabinet Secretary Rajiv Gauba - to explore a financial bailout package for the telecom sector
We will not interfere in their decision to raise tariffs but if the consumer is affected due to the increase we will intervene, says a senior DoT official