According to data from the Trai, Tata Teleservices, which is in the midst of a merger with Bharti Airtel, had 40.2 million subscribers at the end of October 2017.
Analysts say the new plans, available to the customers from January 9, could hit the average revenue per user (ARPU) — a key industry metric — of incumbents by 20-30%.
Senior counsel Darius Khambatta said that since RCom’s asset monetisation plan is upto March 2018, CDB is accommodating for the benefit of all creditors.
CDB has already received some payment and is happy with the deal it is being offered, said a person familiar with the matter.
Common teams reporting to the project management office have been set up across key functions to work out how to integrate the two sides.
In his first interview in 10 years, the younger Ambani talks about the humiliation, slander and damage to reputation that he suffered.
Fresh equity is expected to help Idea defend its RMS based on an increase in 4G/fibre capex, and/or help reduce its surging leverage ratio.
The 2G case acquittals at the end of 2017 came as redemption after years of “humiliation”, he said in his first interview in a decade.
Bharti Airtel, India’s largest telco, has more than two million broadband (DSL) customers. It has seen a 5.5% year-on-year growth in its broadband customers as of September.
“Fitch’s ratings for the Indian telecom sector has been revised to stable in 2018 from a negative in 2017,” said Nitin Soni.
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