The Jio official “gave an update on the company’s network rollout, spread of services and its rising subscriber base,” said a person aware of the discussions.
Cost has also swelled by almost 70 per cent from the initial approved Rs 20,100 crore, with a panel recommending Rs 72,000 crore overall spend, besides inclusion of private players.
Foxconn is stepping up expansion of its manufacturing facility in Sri City, Andhra Pradesh, while scouting for more locations in various states.
The inter-ministerial group has been set up by govt to look into the financial health of the telecom sector, which is dealing with debt of nearly Rs 5 lakh cr.
The government has made it mandatory to install Global Positioning System in all mobile phones, including feature phones that will be sold in India, from January 1, 2018.
The revenue growth came as the company shipped a record high of 23.16 million devices in the quarter ended June globally, Xiaomi founder Lei Jun said in a letter to employees on Friday.
Experts say the latest bundling tie-ups could work as it’s a win-win for all the parties — handset players, telcos, and of course, customers.
The public wi-fi hotspots are proposed to be set up on the lines of yesteryear's PCOs that were used for making phone calls by public on paid basis.
A 10% basic customs duty has been levied on imports of mobile phones to give protection to local production, thus giving additional fillip.
The Telecom Regulatory Authority of India (Trai) last week had also suggested to the inter-ministerial group (IMG) created to look into the financial stress of the sector.
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