Telcos and application makers will be able take advantage of the controversial exception to the new rules barring discriminatory pricing of data.
“The minimum size of the phone that you would hold comfortably in your hand, is the 5-inch today, can be 5.3 inch tomorrow,” said Bin Lin.
Rahul Sharma says co won't be replacing senior executives who have quit as the founders are well equipped to run operations, which has the backing of its investors.
Micromax, which posted a profit of Rs 363.8 crore in FY15, expects to sell up to 56 million mobile phones in the country by March 2017.
Xiaomi’s president Bin Lin told ET that he will be spending a lot more time in India, underlining the South Asian nation’s importance amid challenges in China.
The Telecom Regulatory Authority of India (Trai) had recently weighed in on the side of net neutrality and barred discriminatory pricing of data services.
Trai has given phone companies until Monday to submit a compliance report on compensating users for call drops, failing which action will likely be taken.
RCom and Aircel will each transfer Rs 14,000 crore of debt to their wireless company instead of Rs 10,000 crore each.
The Mittal family and Singtel will subscribe to the rights issue to maintain their proportional ownership in Bharti Telecom Ltd.
“The regulation is quite clear, but that doesn’t mean we won’t discuss any issues people may have (on the new regulation),” Sharma told ET.
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