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.
Recommendations appear in Niti Aayog’s Tax Policy Working Paper Series–II. It says there is a need to shift away from fear-based enforcement to trust-based governance.
In service with the British military since 2019, it is also known as the Martlet missile. Ukrainians have also deployed these missiles against Russian troops.
Education, reservations, govt jobs are meant to bring equality and dignity. That we are a long way from that is evident in the shoe thrown at the CJI and the suicide of Haryana IPS officer. The film Homebound has a lesson too.
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.