The funds raised will be used towards debt reduction, Airtel said in a statement early Monday morning.
People familiar with the matter said the regulator was an independent body and the tribunal may not have the legal grounds to give directions to it to take regulatory action.
Import duty on components such as PCBs and camera modules, besides other components that can be sourced locally, would have a greater impact on value addition and subsequent forex savings.
As per the clause, if a telco fails to comply with the reporting requirement, it has to pay Rs 5,000 for every day of delay, up to a maximum of Rs 2 lakh.
Reports have suggested that Wistron may invest about Rs 1,000 crore for about 100 acres near the state capital Bengaluru, part of which could be used to make models such as Apple’s iPhone 6s.
Telecom operators said data usage has grown 6-7 times and continues to grow 20-25 per cent every month but they were surprised to see two-times growth in voice traffic which has increased load on networks.
Trai is currently receiving telcos’ data on quality of services based on new stringent norms effective from October 1, and will shortly bring out a report.
You may be surprised to learn that there’s more to messaging apps than communicating. WeChat is an example of the vast potential that messaging apps hold.
In quarter to December, JioPhone had a 27 pe cent market share followed by Samsung with 17 per cent and Micromax at third spot, says Counterpoint Research.
Airtel is likely to get hit further by the impact of reduction in the international termination rate, which was lowered to 30 paise from 53 paise, starting February.
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