Govt approves relief package for debt-ridden telecom sector

Govt approves relief package for debt-ridden telecom sector

India’s telecom industry is highly stressed due to intense competition from new entrant Reliance Jio and spectrum auction payments. Photo: Indranil Bhoumik/Mint New Delhi: The government on Wednesday approved a relief package for the stressed telecom sector, easing spectrum-holding caps and extending the payment period for spectrum acquired in auctions to 16 years from 10 years. While the change in spectrum caps is expected to aid telecom sector consolidation, allowing operators to settle their dues to the government over a longer time period will boost cash flows of operators. The earnings…

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Panic Button: Telecom Minister to talk about Pricing problems With mobile Makers

Panic Button: Telecom Minister to talk about Pricing problems With mobile Makers

Amid worries that government’s move to make panic button obligatory will increase cost of cell handsets, telecom minister Ravi Shankar Prasad Thursday said he’s going to absorb the problem up with the industry. “i’m able to communicate to them. India is a big marketplace. for your data, i have mentioned this with all people. Manufactures who apprehend this have given their aid. My expectation is that they will render their aid in social justice and ladies protection,” Prasad told newshounds Thursday. government has mandated that each one mobile telephones to…

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