If the sector turns into a duopoly (ignoring the struggling BSNL-MTNL combine for the moment), Airtel and Jio will find it hard to absorb the 300-million-plus VIL customers who will have to be ported.
The order is part of govt's Public Procurement (Preference to Make in India) order 2017 which envisages to source domestically manufactured products to encourage 'Make in India'.
The Centre said telcos had already paid about Rs 16,000 crore in AGR dues and some had assured further payments in a week's time
Earlier this week, the telecom company had paid Rs 2,500 crore and said it would pay Rs 1,000 crore more by the end of the week
Mathews, an industry veteran, has worked in the Indian and US telecom sector in operations, business development and human resources over his 41-year-long career
Shares of Vodafone Idea jumped 48 per cent to Rs 4.49 on the BSE on Wednesday on the back of heavy volumes on report that the government is unlikely to invoke bank guarantees for now
Telecom Minister Ravi Shankar Prasad said as part of a revival plan for BSNL and MTNL, there will be optimal utilisation of land and other assets of these companies.
Mathews said that telecom not being included in the definition of infrastructure was a disappointment for the industry
The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then hiding the reality behind bogus numbers, writes T N Ninan
In addition to the financial muscle, Singtel's expertise in next-generation technologies should also help Bharti Airtel. Singtel is expected to roll out a nationwide 5G network in Singapore
The Uber Eats deal helps Zomato to catapult to the number one slot, leaving market leader Swiggy slightly behind
The apex court's ruling will also have significant repercussions for India's banking sector as well as the country's broader economic outlook: Fitch Ratings
Bharti Airtel, Vodafone Idea Ltd, Tata group want to negotiate with telecom department on the timeframe for paying dues
Licence-linked dues from non-telcos should be reviewed
But tariff hikes will not translate instantly into ARPU growth
Gross revenue and AGR of telecom service sector for the quarter was Rs 59,992 crore and Rs 37,338 crore, respectively
Department of Telecommunications will convey these suggestions to the Finance Ministry for consideration
Representatives from the industry met telecom ministry officials to communicate their suggestions to help the debt-ridden sector
Industrialists talk ease of doing business; trade bodies stress on minimum wages, I-T ceiling
The Mukesh Ambani-led telecom operator added that its new plan are offering up to 25 per cent more value than that of rivals