Among other options, mobile phone operators are pushing for increased digitisation besides keep a tight control on staff strength that can help them control inflation of balance sheets.
The combined enterprise value of the towers is likely to be about $1 billion (Rs 6,454 cr), though the sellers have been pushing for a valuation of over $1.3 bn.
Reliance Communications' Q4 net loss widens sharply, posts 1st ever annual loss as Jio free offers hurt
The earnings before interest, tax, depreciation and amortization (EBITDA) margin declined to 24 per cent, compared to 24.5 per cent in the quarter before, the statement said.
Idea Cellular will use the financing to help diversify its funding sources and enhance the maturity profile of its long- term debt.
The downgrade was the result of Reliance Jio’s impact on operational risk profile of Rcom.
As voice & data businesses take a hit, Airtel, Vodafone and Idea are looking for new revenue streams
These telcos’ sense that the enterprise market is service oriented and highly competitive, with high level of service commitments and robust infrastructure with well defined turnaround time.
Saurabh Agrawal, IIM-K alumnus, was also the man behind GMR Infra's biggest cross border takeover and Jaypee cement's acquisition by Ultratech.
The company’s market share was 8.83 per cent in February. The telecom operator has added 58.39 lakh subscribers in March.
Rules have now changed on mergers and amalgamation, where it has to be first vetted by Sebi.
Reliance Jio's free and cheaper offers launched in September 2016 notched up more than 100 million subscribers in 170 days, many from rivals.
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