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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 Rs 24,700 crore waiver does come as a relief to the heavily indebted telecom operator. But it has more things to worry about.
Last week, in a significant move aimed at boosting India’s telecom sector, the Indian government waived bank guarantees for spectrum bought before 2022. This relief, worth over Rs 30,000 crore, is significant for the country’s telecom majors. And Vodafone Idea stands to gain the most.
The indebted telecom operator owed the government a whopping Rs 24,700 crore in bank guarantees, which has now been waived. This means there is finally some light at the end of the tunnel for a company that has been losing subscribers, reporting losses and seeing its market share shrink.
So, does the waiver mean a …
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Former WeWork chief is betting on the Mideast markets, fresh attacks have the Gulf on edge again, and other updates from this week.
A quarter with subscriber gains portends well for the telecom operator, but its underlying metrics tell a more cautious story.
