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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
The telcos get no respite from the interest and penalties they owe on their dues to the government.
In a major setback for Vodafone Idea and Bharti Airtel, the Supreme Court on Monday rejected petitions from the two telecom providers to waive billions of dollars in debt they owe to the government, according to Reuters.
Vodafone Idea had initially requested the Department of Telecommunications to waive more than $5 billion in interest and penalties it owed on a debt of $9.76 billion, asserting that it was a question of the company’s survival. This request was rejected on 29 April, following which the company filed a plea with the apex court asking it to consider the “sensitive telecom …
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
Instead of going after scale like Jio, the Sunil Bharti Mittal-led telecom giant is chasing a smaller but higher-quality customer base to grow its home broadband segment. Will the bet pay off?
Mukesh Ambani wants investors to price Reliance Industries’ IPO-bound telecom arm like a technology business. In reality, Jio’s tech ambitions remain a work in progress.
