Telcos are betting that about 90% of that content will be via video and are already coming up with various subscription-based plans.
Bharti Airtel and Idea Cellular then challenged Trai’s order in the TDSAT, saying it violated their rights to conduct business.
“We’re a growth market. We have to ensure that the telecom story doesn’t end here — rather it starts here,” Sundararajan told ET.
The telcos said they were left confused by a recent report which quoted telecom secretary Aruna Sundararajan as saying that telcos have been directed to also accept other modes of identification while issuing new SIMs.
For the fiscal year ended March, Idea spent about Rs7,000 crore in capex, compared with Airtel’s Rs24,000 crore. Jio spent Rs14,000 crore in the January-March quarter alone.
Heerjee will, continue to work with the insolvency resolution professional (IRP) to help the telco, which has filed for bankruptcy protection, sort out its interim funding, said people in the know.
Company said that it has reduced the midpoint of its full year 2018 outlook for property revenue, net income, and adjusted EBITDA by $60 million, $45 million and $35 million respectively.
In a bid to speed up the asset sale, RCom’s lenders recently also agreed to pay the Rs 774 crore that the telco owes the department of telecommunications (DoT).
The mega tower company merger will also give more financial flexibility to Vodafone and a greater liquidity option as it will be free to sell its stake in the market.
The controversy pertains to Airtel’s IPL campaign, which suggested subscribers could live-stream cricket matches for free.
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