The struggling telco met bankers late last week to chalk out the way ahead and update them with the latest on their planned merger with Aircel.
A global buyout firm, TPG has been bullish on the Indian market and has put more than $1.67 bn in local companies so far through 31deals.
Analysts expect Jio to dangle a combination of aggressive tariff offer backed with mass-market 4G VoLTE feature phone to rev up active subscriber additions.
While post-paid users aren’t facing any problems, pre-paid users, especially those who use lower value, are a confused lot.
“It’s only logical that Kapania should be heading it (the merged telco),” one of the people with direct knowledge of the matter, said.
Demand for graduates specialising in cyber security has shot up to an all time high, and universities are introducing these programmes to cater to the growing requirements.
According to sources, TTSL has sought an extended maturity of 20 yrs for repayments, and a request for a fresh loan of Rs 5,000 cr for its operational & capex needs.
Jio’s net loss for the six months ended March widened to Rs 22.50 crore from Rs 7.46 crore a year earlier, according to the first set of financial numbers.
According to CLSA, while Idea has retained 19% revenue market share (RMS) in FY17, its incremental RMS plunged to 15% from 42% in FY16.
Industry experts say such offers are aimed at increasing stickiness of subscribers at a time when telcos are battling brutal price competition post the entry of Reliance Jio.
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