Ericsson said it expected Rs 550 crore to be paid upfront because RCom had promised them that amount in different stages of the process but failed to live up to it.
Earnings before interest, depreciation, tax and amortisation (EBIDTA) of Airtel and Idea Cellular will be hit by 4-7% in FY19 and up to 8-12% .
“If revenue/subscriber market share is the overriding intent for RJio, this could keep industry ARPUs in check. This, in turn, keeps industry growth in check,” it added.
Service providers are also expected to focus on new technologies like Internet of Things to target niche user base for early adoption, Satyajit Sinha said.
The government may also, over time, sell its 26% stake in Tata Communications, earlier known as Videsh Sanchar Nigam Ltd (VSNL), after the deal.
Reliance Jio, too, wrote to Trai on Thursday, to rebut Airtel’s assertions that it was exaggerating and distorting facts to get the IUC abolished.
Legal experts said it’s unprecedented for a company to find itself in such a situation while a strategic debt restructuring package is being worked upon.
The company said its non mobile revenues as a % of total India Wireless has gone up from 29.4% in Q1 of 2017 to 34.5% in Q1 of this year.
Flipkart plans to quadruple smartphone sales clocked by others and main competitor Amazon aims to cross annual growth rate of more than 100% in the category during its month-long sale.
Mukesh Ambani said Jio’s services had led to a ‘gigantic spurt in data consumption’ and lauded the staff for their work on network, infrastructure, technology and customer service.
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