The partnership with Karbonn is the first among several others that Airtel plans to have with mobile handset manufacturers, to bring highly affordable bundled 4G smartphone options to the market
Xiaomi which is the number 2 smartphone brand in India by volumes, would look at gaining share from rivals in the market, on the back of its Mi and Redmi range of devices.
“The buzz of the festive season is completely missing… online sales have taken away a lot of the demand,” a top executive of a leading large-format mobile phone selling chain said.
Tata Teleservices was set up in 1996 with landline operations. This will be one of the first big Tata units to be shut in the group’s 149-year-old history.
“There is consolidation. People are trying to merge. People are saying there is financial strife, but no one is saying there is huge joblessness in the sector,” said Sundarajan.
Some experts say given the pricing—starting at Rs 61,000—the sales volumes of the new models could well be twice that of the inaugural Pixel models, in India and globally.
The barriers include restriction on movement of people and anti-dumping duties being used by certain countries to block products from other places, he said.
The ministry has now set the deadline to February 1, 2018, which was earlier Oct 1. This is the second such extension that the industry has been granted, as the initial deadline was that of July.
A day after RCom called off merger with Aircel citing regulatory uncertainties, government is mulling revising M&A rules for the telecom sector.
Government should help resolve hyper-competition, debt issues after RCom-Aircel deal collapse: Experts
Major telcos have already sought larger relief from the govt, which on Friday increased the period to payback the installments to 16 yrs.
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