The tower companies could consider payment holidays for Vodafone Idea and Bharti Airtel for the first three-to-six months on new sites or do away with the lock-in period for new tenancies, industry officials said.
Jio is likely to be very careful about a tariff hike, as the pricing gap between it & others has narrowed.
Voda Idea has pegged its additional AGR liability at Rs 44,200 cr; dues that need to be paid in under 3 months.
Voda Idea’s top management has cautioned lenders that timely repayments may not be possible without govt relief
Takkar's comments came on a Voda Idea earnings call Friday, a day after the beleaguered telco reported an unprecedented net loss of Rs 50,921.9 crore, weighed down by provisions for statutory liabilities following the top court’s recent AGR ruling.
Vodafone Idea and Airtel may need to cough up Rs 39,313 cr and Rs 41,507 cr, respectively.
Following the development, the scrip tanked 21.62 per cent to hit a low of Rs 2.90 in early trade.
Jio is said to have asked RCom’s RP for a 10-day extension of the Nov 11 deadline for submission of bids.
A committee headed by the Cabinet Secretary Rajiv Gauba is looking into the health of the telecom industry. Vodafone Idea, which is making quarterly losses of roughly Rs 5,000 crore with debt of over Rs 99,000 crore, is believed to have also written again to the government, underlining the criticality of early relief measures.
Mukesh Ambani-led Jio has maintained that if the Telecom Regulatory Authority of India postpones the scrapping of IUC from the planned January 2020 deadline, it would end up “subsidising two economically inefficient operators at the cost of users." The provision of such subsidies, Jio said, “is not within the domain of Trai’s functions.”
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