Rajiv Sharma, director & telecoms analyst at brokerage HSBC, expects listed incumbents Airtel and Idea "to go slow on additional hirings” once automation and consolidation picks up.
COAI is likely to question the logic of the finance ministry’s decision to impose an 18% GST rate on telecom services while choosing to levy a 12% tax on mobile handsets.
Moody’s Investors Service and local ratings firms ICRA and CARE downgraded Reliance Communications on Tuesday, a day when the telecom operator’s shares hit an all-time low
The high-profile chairman of India’s top telecom operator is learnt to have reviewed operations in every Bharti Airtel circle.
Telcos may be compelled to shell out an additional Rs 300 crore to re-configure existing IT and billing systems.
Moody's continues to expect intense competition over the next several quarters in the Indian telecoms sector, as operators implement plans and tariffs to protect and grow their market shares.
The COAI represents India’s top phone companies such as Bharti Airtel, Vodafone India, Idea Cellular and new entrant Reliance Jio Infocomm, among others.
In separate letters, COAI, GSMA and BIF will apprise the inter-ministerial group on the “importance of earmarking super-efficient sub-1GHz spectrum for 5G services.
If the court order is implemented, telcos will pay a lower amount of licence fees and spectrum usage charges, to the tune of Rs. 25,000-30,000 crore.
For instance, Airtel's Rs 899 plan in Delhi now offers 60 GB of high speed data compared to 30 GB earlier, while the Rs 1,099 plan will dish out 90 GB compared to 50 GB earlier.
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