Tag: Telecom Sector

The relief package for the telecom sector will come as a breather to the three private players at a time when Vodafone Idea is confronting an existential crisis.

Mumbai: Nearly 150,000 direct and indirect jobs in India’s debt-ridden and loss-making telecom sector face “clear and present danger” of corporate downsizing, as per industry estimates. At present, the sector is burdened with astronomical debt — to the tune of nearly Rs 8 lakh crore by some estimates — and heavy losses due to a […]

Mumbai: Reliance Group Chairman Anil Ambani on Tuesday said the telecom sector is under stress and banks are not extending any credit. “The Reserve Bank of India in April asked all banks to be cautious on telecom. Banks are now not extending any credit,” Ambani told the Reliance Communications (RCOM) annual general meeting here. “The sector […]

Mumbai:  Reliance Group Chairman Anil Ambani on Tuesday said the telecom sector is under stress and banks are not extending any credit. “The Reserve Bank of India in April asked all banks to be cautious on telecom. Banks are now not extending any credit,” Ambani told the Reliance Communications (RCOM) annual general meeting here. “The […]

Bhubaneswar: Terming power issues as a major challenge before them, telecom tower operators have sought special treatment from electricity supply outfits across the country to ensure efficiency in telecom sector. “We want all state governments to direct their electricity boards to give special treatment to telecom sector and tower operators,” said Akhil Gupta, Chairman of […]

New Delhi: Supporting consolidation in the telecom sector, public policy think-tank Cuts International on Sunday lauded Finance Minister Nirmala Sitharaman for saying that she would not like any telecom operator in the country to shut operations. In a statement here, Cuts Secretary General Pradeep S. Mehta said the functioning of all four incumbent telecom firms […]

Gurugram: As the telecom players ensured their networks were up and running to meet the unprecedented surge in demand during lockdown times, the sector is currently enabling 30-35 per cent of the GDP in the COVID-19 lockdown and social distancing period, other than the present 6 per cent direct contribution to the GDP, a new […]