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Six telecom companies -- including Airtel, Reliance Jio and Vodafone Idea -- had a total debt of Rs 4.17 lakh crore in fiscal 2021-22, Parliament was informed on Wednesday. Data submitted by Minister of State for Telecom Devusinh Chauhan in the Lok Sabha shows Vodafone Idea had a debt of Rs 1,91,073.9 crore, Airtel (Rs 1,03,408.1 crore), Reliance Jio (Rs 42,486 crore), BSNL (Rs 40,400.13 crore), Tata Teleservices (Rs 20,162.04 crore) and Tata Teleservices (Maharashtra) Limited (Rs 19,703.84 crore) in the financial year 2021-22. "The Government has approved various structural and procedural reforms in the telecom sector to promote healthy competition, protect interests of consumers, infuse liquidity, encourage investment and reduce the regulatory burden on Telecom Service Providers (TSPs)," Chauhan said.
The telecom industry's financial health needs to improve if India's dream of digital connectivity across the country has to be fulfilled, Bharti Enterprises Vice-Chairman Akhil Gupta said on Tuesday. Very poor return on capital is a big hindrance in telecom development in India today and unless it changes, investments will dry up at some point or the other, he said while speaking at the Times Network India Digital Fest here. However, due to competitive reasons increasing average revenue per user (ARPU) has been difficult and the industry players need to work together so that the ARPU goes up to Rs 300 in a phased manner in the next few years. "The big hindrance in telecom development in India today is the very poor return on capital, which this industry has, and at some point in time, that will have to change because otherwise, the investments will dry up at some point or the other," Gupta said. Return on capital is a big hindrance today and that's the reason why "a very big and a
Telecom operator Bharti Airtel on Monday announced that it has crossed the 10 million unique 5G user mark on its network. In a statement, the company said it is well poised to cover every town and key rural areas with Airtel 5G services by the end of March 2024. The company informed it has surpassed the 10 million unique 5G user milestone, on its network. In November 2022, Airtel became the first and only operator to have 1 million unique customers on its network within 30 days of its commercial launch, the statement added. It is pertinent to mention that high speed 5G services were launched in the country, on October 1, 2022. The 5G services powers ultra-low latency connections, which allow downloading full-length high-quality video or movie to a mobile device in a matter of seconds (even in crowded areas). The fifth Generation or 5G would, going forward, would enable powerful solutions such as e-health, connected vehicles, more-immersive augmented reality and metaverse experien