About 1,000 retailers have been removed from the network and penalised as of December, and the number is likely to rise as investigation continues.
The trend is likely to continue in 2018 as brands such as Xiaomi, Lenovo, Oppo and Vivo penetrate deeper into smaller cities and towns to increase sales.
Idea Cellular plans to raise Rs 6,750 crore ahead of merger with Vodafone India; shares surge over 7%
The company said it will issue almost 326.6 million equity shares at Rs. 99.50 a share on preferential basis to the promoter group entities.
In the paper issued on Wednesday, the Telecom Regulatory Authority of India (Trai) has asked for views on the structure and contents, clearly outlining the specifics.
DoT has set up a dozen working groups to discuss broad contours of the new telecom policy, in the works for most of the past year, with the aim of formally putting it in place by March-end.
While the duty on mobile phones was increased to 15% recently, the association said there is room for a higher tax and that components should be brought in the ambit of customs duty.
Vittal regretted the situation that the company and Airtel Payments Bank found themselves in —one which eventually led to the departure of head Shashi Arora.
Given that SSTL was the only applicant for CDMA spectrum, we have insisted right since the license cancellation judgement that there is no wrongdoing on part of SSTL.
Sistema had to write off more than $1.2 billion of investment in Sistema Shyam Teleservices Limited (SSTL) that it formed with India’s Shyam Group in 2007.
Etisalat, Telenor & Sistema had entered India through local partners who got licences and spectrum in '08, which were among the 122 scrapped by the SC in '12.
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