If the apex court decides on a 15-year repayment tenure, it would pose a grave challenge for the debt ridden VIL.
India's telecom subscriber base grew to over 1.17 billion in October with Bharti Airtel maintaining its leadership in mobile subscriber addition that accounts for over 98 per cent of total connections in the country, according to the monthly report released by sector regulator Trai on Wednesday. This is the second consecutive month when Airtel added highest number of subscribers. In September, it had regained the leadership position in subscriber addition after a gap of four years. The Sunil Bharti Mittal-led company added 3.67 million new customers in October, taking its total wireless customer base to 330.28 million in October 2020, the Telecom Regulatory Authority of India's (Trai) report said.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
This is the last lot of payments that telcos will make towards deferred spectrum liabilities, as the Union Cabinet had late last year approved a two-year moratorium on such spectrum payment dues.
American Tower bulks up in India with $1.2 billion Viom stake buy
Both the indices ended at their highest levels since February 1.
Following the October 24 Supreme Court order, the department of telecom estimated that the total liability of 15 telecom companies, including penalties and interest, would be Rs 1.47 lakh crore.
Attempts are being made to balance the need for health of the sector, consumer interest while complying with the Supreme Court order on statutory dues.
Voice calling will be free on Jio phones for life and post December 31, 10 data plans will be offered
Given the escalating cost of doing business, the revenue opportunity is decreasing and consolidation is an inevitable part of the industry.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Lt Governor says discoms must cooperate or face cancellation of licences. Ficci cries interference.
The company will wait for sizeable user base for better valuation.
Of the two big players, while Bharti Airtel can leverage its existing subscriber base, newcomer Reliance Jio will have to wean away subscribers from the incumbents
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