Bharti Airtel is selling assets & paying down debt while losing money on its operations and facing a SC ruling to pay overdue fees related to spectrum & licences.
Between rapacious bureaucracy, corrupt politicians, crony businesses and economics-agnostic judiciary, we have created conditions for a telecom crisis.
Jio, which pushed its way into first place this summer with free voice calling, is raising prices just as rivals Airtel and Vodafone Idea are posting losses and selling assets to raise cash.
Bharti slipped to No. 2 in the industry last year after Idea Cellular Ltd. and Vodafone India merged to become India’s largest operator by subscribers.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
A common thread runs through the memories of soldiers of the 1965 war—ingenuity, courage and camaraderie that withstood an apparently technologically superior foe.
Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.
One half of the loss Vodafone has incurred. The entire telecom sector is, in effect, bankrupt. For that matter, Jio should not be celebrating either. The large sums, mainly borrowed, its parent, Reliance, has invested are providing a small trickle of profit. It has changed the rules of the game, making voice, the bedrock of telephony, worthless. How much data are Indian’s going to consume at a huge profit to the provider. The government should intervene, before chunks of the economy begin to tear off, like ice sheets shearing off and falling into the ocean.
One half of the loss Vodafone has incurred. The entire telecom sector is, in effect, bankrupt. For that matter, Jio should not be celebrating either. The large sums, mainly borrowed, its parent, Reliance, has invested are providing a small trickle of profit. It has changed the rules of the game, making voice, the bedrock of telephony, worthless. How much data are Indian’s going to consume at a huge profit to the provider. The government should intervene, before chunks of the economy begin to tear off, like ice sheets shearing off and falling into the ocean.