Prime Minister Narendra Modi on Wednesday said that the reforms approved by the Union Cabinet in the telecom sector are a win-win situation for both the sector and the consumers
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Telecom operator Bharti Airtel Chairman Sunil Mittal on Wednesday said the telecom sector reforms approved by the Cabinet will ensure that the industry is able to invest fearlessly
Telecom industry body COAI lauded telecom relief package approved by the Cabinet, which will be implemented prospectively and provide a breather to the sector that is reeling under heavy stress.
Vaishnav said nine structural reforms for the telecom sector were approved
Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday
The move will come six weeks after billionaire Kumar Mangalam Birla resigned as chairman of beleaguered Vodafone Idea Ltd on August 4
The Union Cabinet may consider on Wednesday a moratorium on payment of spectrum dues by telecom firms as part of a package for the sector aimed at giving relief to companies
A moratorium on AGR and spectrum payments, and reduction in spectrum usage charge (SUC) and Licence Fee (LF) are reportedly among the key relief measures being lined up.
S&P said Airtel's "improving operating fundamentals should improve its margins and Ebitda"
Emissions from powering networks and IT make up nearly a third of the carbon footprint of telecom companies
Earlier in the day, telecom stocks were on investors' radar, with a news report claiming the telecom department is devising measures to improve health of the debt-laden sector.
The government effort in preparing a telecom package is to ensure that the telecom sector does not become a duopoly
The telecom company's operational performance has been impacted by intense competition, low tariffs and a debt of Rs 1.9 trillion leaving it with little surplus for network upgrade.
In what may come as a major relief for the telecom sector, the Union Cabinet is likely to consider and discuss a relief package for the sector on Wednesday, sources said
Telecom Sector Skill Council (TSSC) and blue-collar workforce hiring platform BetterPlace have signed an initial pact to facilitate placement of workers for various job roles
Domestic telecom gear maker HFCL on Friday said it has received its board's consent to raise up to Rs 750 crore through equity, bonds, debentures or any other securities
Proceeds from the 5G airwaves auction, likely early next year, is an important source of revenue for the Indian exchequer especially as Modi-led government looks to spur the pandemic-hit economy,
Fund raising mainly to make payments towards AGR-related liabilities
The rights entitlement ratio entails 1 equity share for every 14 equity shares held by eligible shareholders as on the record date