According to sources, TTSL has sought an extended maturity of 20 yrs for repayments, and a request for a fresh loan of Rs 5,000 cr for its operational & capex needs.
Adequate time should be given to companies like OnePlus that sell only one model every year because a sudden increase in prices could drive away potential customers, a top executive said.
Jio has disrupted the sector with free voice and low data rates, leading to a tariff war that has worsened the financials of the debt-laden industry.
Cos that had earlier used the platform of the Indian Cellular Association to seek a 3-month delay in the rollout are now issuing internal advisories to ensure GST compliance and meet the deadline.
Ajay Prakash Sawhney will take over as secretary for electronics and IT, the government notification added.
The home-grown messaging service is looking to overtake messaging service Whatsapp and Paytm to become the leading messaging and payment app in the country.
Airtel had said that it is acquiring Tikona Digital’s 4G business, along with its 4G spectrum, in Gujarat, UP, Himachal Pradesh and Rajasthan for about Rs 1,600 crore.
In the Budget, telecom sector revenue projections were set at Rs 44,342.2 crore for FY18, down 55% from the year-before expectations of Rs 98,994.93 crore.
Jio had claimed that the financial stress in top three telcos' businesses was due to their dependence on debt, and blamed high government fees.
The association counts companies like American Tower Corp, Bharti Infratel, Indus Towers, GTL Infrastructure and Reliance Infratel among members.
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