Incumbent operators fought a public battle against Reliance Jio for the extension of the regime
The Trai has all along maintained that floor prices are not desirable
The move came after the Telecom Department sought the regulator's recommendation on the issue
The flaw existed in the application programming interface (API) of the Airtel smartphone app
The comment comes within weeks of Vodafone Global CEO Nick Read making a similar point
Telecom sector is still far from the desired stability
Analysts have also revised ARPU estimates
The letter further said both domestic and international banks are unwilling to provide any form of liquidity to the TSPs given the poor financial prospects of the operators
Vodafone Idea this month booked a $7 billion quarterly loss, the biggest in Indian corporate history, in large part due to provisions for payments owed
Bharti Airtel, Vodafone Idea, and Jio had urged the government to reduce the price, following which the matter went to the regulator for a review.
In October, the government had constituted a CoS, headed by Cabinet Secretary Rajiv Gauba, to explore a financial bailout package for the telecom sector
The source also indicated that the telecom department will not intervene in recent announcement by telecom operators to raise tariffs.
Telcos have reduced their tariffs so much that they earn only Rs 75 per user per month, nationally
Payouts related to AGR by non-telcos to far exceed demand made on telecom operators, including those that have either shut down or sold off
This comes soon after all three private telecom operators announced they were raising mobile phone tariff
While in the case of MTNL, 13,532 employees have opted for the VRS scheme so far
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In anticipation of the tariff hike, Reliance Industries' market cap crossed the Rs 9.5-trillion mark on Tuesday
Bharti Airtel and Vodafone-Idea have announced plans to increase tariffs for customers from December 1