Airtel on Wednesday had announced the launch of an entry-level 4G smartphone at an ‘effective price’ of Rs 1,399 in tie-up with handset maker Karbonn.
The current state of the industry, though, is a worry for tower companies such as Reliance Infratel, GTL Infrastructure and ATC, which host 20% of the sites for the struggling smaller service providers.
As of September end of this year, the average remaining non-cancellable contract term with Tata Teleservices was in excess of 6 years, said the US based telecom tower company.
Co executives and industry insiders said the debt-laden telecom firm, which will shut its operations soon, had last month asked circle heads to leave by March 31.
In June, RCom entered into a strategic debt restructuring, under which it has till December for a solution, after which lenders can initiate bankruptcy proceedings.
The telco has mooted alternate plans which include sale of towers, fibre, spectrum, and real estate assets, which could generate over Rs 25,000 crore that could be used to repay lenders.
Shares of Rcom fell nearly 13% to a record low, amid investor concerns over the Anil Ambani-owned carrier’s to repay debt after the collapse of its merger deal.
A day after RCom called off merger with Aircel citing regulatory uncertainties, government is mulling revising M&A rules for the telecom sector.
HR experts say high performers would typically belong to teams that look into new-age digital businesses — mobile banking, health and education and data marketing, among others.
"We are in deep discussions with Brookfield, but now the Aircel angle is not there because of which the value will be different. Deal is certainly on", said Garg.
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