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Topic: telecom sector
India’s brush with mobile telephony started in the mid-1990s, but the beginning was far from smooth.
Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charge, to the govt. The company had earlier said it will pay the remaining before 17 March.
Supreme Court threatened contempt proceedings against Bharti Airtel, Vodafone Idea and other telecoms Friday for failing to comply with directive to pay past dues.
Conflict over what constitutes adjusted gross revenues is behind the telecom mess, which now threatens PSUs such as GAIL, Oil India, DMRC.
A 3-judge Supreme Court bench rejected an appeal by telecom companies, including Bharti Airtel and Vodafone, which have been struggling to reduce debt.
Both Vodafone Idea and Airtel are losing customers at a rapid rate and Reliance Jio is gaining at their expense.
A round up of the Hindi newspapers opinion pages to reflect the viewpoint from the heartland on topical issues.
Bharti Airtel can easily raise money by selling assets or shares, while Vodafone Idea has no dearth of resources to pay govt, Reliance Jio says.
Partial solutions to India’s credit and fiscal woes — such as making telecom firms cough up a lot of money suddenly — will only backfire.