The Delhi High Court will hear the matter to decide if GTL Infra’s plea that Aircel should deposit money in court is valid.
When the issue came to light, Tata Tech launched an immediate internal and subsequently also an external investigation,” said a company spokesperson.
We are comfortable with Indian policy environment: Ravi Lambah, Global Telecom, Media & Technology head, Temasek
As a foreign investor, he says, Temasek feels comfortable with the Indian policy environment.
Bharti said: “We already have the accounting scheme certificate and fairness report from EY and we have bought the assets at fair value so impairment of assets is already taken care of.”
Through the 4G device, Jio is targeting 500mn Indians who are still on 2G/3G feature phones, using primarily voice services and haven’t moved to a smartphone.
DoT told the tribunal that it would be appropriate for Aircel & RCom to take permission from SC since the issue with regard to 2G spectrum of Aircel is pending there.
Telenor is a fringe player in the pecking order amongst telcos, but it has a little over 50 million active customers.
Leading securities lawyers ET spoke to said the capital markets regulator has special powers that override general law (that is Companies Act) when it comes to regulation of listed companies.
The operator is working out a new tariff plan which will be valid till June 30, said people familiar with the developments in Jio as well as analysts.
Bankers say nearly Rs 30,000-crore debt will become unserviceable if the apex court cancels the telco’s licence.
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