RCom also needs to budget for additional time as either party — itself or the DoT — is likely to challenge any adverse TDSAT order in the Supreme Court.
Additionally, the newly created entity needs all the money it can get to strengthen its balance sheet to effectively take on erstwhile market leader Bharti Airtel and moneyed Reliance Jio Infocomm, say experts.
Vodafone Idea organised a 2-hr town hall, which was streamed across centres of the newly-merged company.
Government expects India post payments bank to be profitable after 2 years: Communications minister Manoj Sinha
With smartphone and biometrics, we can open accounts within a minute, which is in line with the PM’s aim to make India a cashless Digital economy, says Sinha
Idea-Vodafone combine should clock as much as $10 billion in savings, making it bigger than Airtel.
From a technology perspective, there is a huge amount of change — 4G, voice through VoLTE. India’s data usage is more than the US and China combined.
DoT had written to RCom last week, asking it to furnish around Rs 3,000 crore as spectrum usage charges.
A golden handshake is used to describe the severance package offered when an employee is retrenched, and is given only to those valued by the company, or the top brass whose offer letters have this clause built in.
Firm claims it is "being singled" out despite being on par with Google with regard to regulatory compliance.
The amount has been a bone of contention between operators and government for a while.
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