The committee of creditors of Reliance Communication (RCom) approved a resolution plan, which involves lenders receiving Rs 23,000 crore
Telecom department will have to rope in private companies to achieve the target announced on Independence Day.
Govt says there is a difference of opinion between Department of Telecommunication and Corporate Affairs Ministry on the issue of sale of spectrum during insolvency proceedings.
Dept wants Railways to use the airwaves for non-commercial purpose and meet its remaining needs through the delicensed spectrum
Murmurs of big tech investments in Indian telcos have stirred up the telecom sector. These big tech-telco combinations are a threat as much as they are an opportunity
When government makes laws, companies are "duty-bound" to comply with them, COAI said.
Counsels of both the mobile operators had sought a fortnight for submission of the affidavit
TEMA Chairman Emeritus NK Goyal said that it is beyond doubt that the Covid-19 crisis has shown that the telecom sector has been at forefront of providing connectivity to all citizens in India
DoT asking for mass data records is worrying
It ordered the telecom department to immediately withdraw the move of allowing self-assessment of dues
A Bench of Justices Arun Mishra and M R Shah, hearing the DoT plea in the AGR matter, said if SC allowed a plea like this, it would also become party to a fraud
COAI, representing the telecom industry, has called it a "comprehensive petition"
Adverse impact on the functioning of telecom companies will hurt economy and consumers, says telecom department.
Following the SC order on the AGR of telcos, industry honchos Sunil Bharti Mittal and Kumar Mangalam Birla had met the finance minister
"In light of court's orders, the department is engaging with telcos after the reviews and I will wait to hear from the department to take a position," said Sitharaman.
After SC blow, telecom firms need a decisive DoT
The delay is likely to push spectrum auction to July-August this year, according to sources. mjunction and e-Procurement Technologies have experience to design module for spectrum auction.
Move likely if telcos' plea not taken up by SC
The DoT has sought Rs 1.72 trillion in past statutory dues from state-owned gas utility GAIL India Ltd
The telecom department plans to formally write to the Ministry of Finance in the first half of January, post the meeting