Ericsson has chalked out options to ensure it gets its settlement amount of Rs 550 crore.
The executive added that Jio's capex intensity will go down because the group is almost completing its broadband infrastructure roll outs.
Will wait for telecom commission's decision on PoI related to Rs 3050 crore fines on incumbents: Jio
The DoT had formed a special committee to look info Trai’s recommendations but sources say most of the committee rejected the fine amount,
RCom is desperate to close the trading deal to use the funds to pay operational creditor Ericsson Rs 550 crore, and other lenders, including 37 banks.
Operating revenue rose 12.4% sequentially and 51% on year to Rs 10,383 crore.
Timing is important because rivals Airtel and Jio rolled out their increments and bonuses last year, albeit muted, and are expected to do so again in a month, experts said.
The Supreme Court bench on Friday adjourned the case for three weeks after learning about the application filed by the Anil Ambani-owned telco.
Telcos plan to offer RFID tags to locate those who might get lost, realtime travel info & emergency helplines
Airtel, the country’s second-largest telecom operator, had paid Rs 298 crore in cash and submitted bank guarantees worth Rs 453 crore to DoT on behalf of cash-stricken Aircel.
Deal to drive profitability and reduce capex for combined entity, say analysts.
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