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.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Contrary to claims regarding implementation of theaterisation, ThePrint first reported on 17 June 2021 that it will be delayed. Now, ACM Singh bats for different structure.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
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.