An increasing number of questions on mismanagement, alleged conflicts of interest, and probes on large loans have put the spotlight on private banks.
Vodafone is expected to rollout its advertising campaigns along with game shows and consumer engagement programmes across cities from Saturday.
RCom in December signed agreement with Reliance Jio to sell spectrum, mobile towers, fiber network and Media Convergence Node (MCN).
2018 will be a difficult year for the industry since there is shrinkage of tenancies. But, 2019 onwards there will be revival and in 2020 we will see significant growth.
TAIPA though was more optimistic, saying while earlier procuring clearances and tight security in cantonments areas used to further delay the timely completion of towers, this time will be different.
Aircel management has been closely working with Malaysiaheadquartered Maxis, owned by businessman T Ananda Krishnan, for the emergency infusion, the person told ET.
Aircel owes about Rs 60 crore to Idea Cellular including interconnect usage charges (IUC), and a similar estimated amount to Vodafone India, said one of the persons, who did not wish to be identified.
Market leader Indus Towers, Bharti Infratel and American Tower Company are the 3 main tower cos that own nearly 85% of total telecom towers in the country.
Balesh Sharma was named the CEO of merged entity of Idea Cellular and Vodafone India. Shama till now was the chief operating officer COO of Vodafone India.
The company and its two units is sitting on Rs 45,000 crore of debt and desperately want to close the Jio deal valued at around Rs 25,000 crore and pay a part of the loan.
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