According to lawyers present in the court room, the court dismissed all three appeals filed by Reliance Communications and its two companies.
Industry experts said in New Delhi alone, the number of stores selling both brands has come down by almost a fifth to about 8,000. Vivo confirmed the change in strategy.
Sharma’s comments may ease the concerns of India’s top telcos Bharti Airtel, Vodafone India and Idea Cellular, which alleged the pricing order favoured Reliance Jio Infocomm.
TDSAT gave Trai three weeks to file its reasons on why the order should not be stayed and asked Airtel and Idea to file their rejoinders within two weeks after that.
A senior state official said Foxconn was keen to revive the plant, which is lying defunct for more than three years now.
People familiar added that the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) will hear the pleas this week with Bharti Airtel’s plea likely to be heard on Monday.
Vodafone CEO Colao and Airtel Chairman Mittal have said they would move court against the predatory pricing order, while Trai has said the carriers are free to do so
Aircel said its talks with lenders and shareholders failed to yield a consensus on restructuring its Rs 15,500-crore debt and getting funding, leaving resolution under IBC 2016 as its only option.
Industry insiders added that the chances of intra-circle roaming pacts happening also look slim, consider that the agreements also involve monetary payments
Aircel is also believed to be looking at the option of selling its assets, such as subscribers and infrastructure, with Bharti the frontrunner, say people familiar with the discussions.
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