Mittal had said, with Airtel setting up only two ground stations for uplinking in rural areas, the requirement for spectrum was minimal and different from terrestrial mobile services
The effort would be to firm up measures so that the telecom sector does not go down any further, an official said
ICICI Bank (up 2.7 per cent), HDFC, Axis Bank, Sun Pharma, and NTPC were the top gainers on the frontline S&P BSE Sensex
Mindtree, Tata Metaliks, Deccan Health Care, Shree Ganesh Remedies and WS Industries are among eight companies that will release quarterly earnings today
State governments had imposed lockdowns to curb the spread of the pathogen in April - a move that derailed economic activity.
Bharti Airtel added over 5.17 lakh users during the month under review, taking its subscriber base to over 35.29 crore
Airwaves for satellite-based services should be allocated judiciously
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With competitive pressures ruling out a tariff hike and relief on dues unlikely, the debt-ridden telecom service provider's options for survival are narrowing
Vodafone Idea can raise funds through equity sale or promoters can infuse capital Telecom Watchdog said while demanding rejection of company's request seeking more time to pay dues of Rs 8,292 crore.
No government support or intervention in the matter of tariffs should be considered, says Telecom Watchdog.
Cash-strapped VIL on Friday said it is in active talks with potential investors for fundraising
Lenders want telco to put more skin in the game
Vodafone-Idea has been looking to raise around Rs 25,000 crore for the last nine months
Their debt-to-equity ratio shot up to 6.83 times from 2.3 times at the end of March 2020
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VIL had reported narrowing of consolidated loss to about Rs 7,023 crore for the quarter ended March 2021, mainly on the strength of cost optimisation.
Without fundraising, the company may not be able to meet its payment obligations over the next 12 months
Vi has approached the government to seek one-year moratorium on payment of spectrum instalment of over Rs 8,200 crore, due in April 2022
In its notes to the financial results for FY21 and the fourth quarter of last fiscal, the company said that the group has incurred losses of Rs 44,233.1 crore for the year ended March 31