Nifty99000 100%

Sensex99000 100%

Article rating: 4.0
Article rating: 3.7
Article rating: 5.0
Article rating: 4.0
Article rating: 4.5
Article rating: 3.8
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
Article rating: No rating
RSS

News

Telcos’ health report to be clear in 3 months

Author: IANS/Tuesday, June 20, 2017/Categories: Telecom

Telcos’ health report to be clear in 3 months

New Delhi (IANS) - The government is hopeful that within three months the picture will be clear about what needs to be done to revive the health of telecom sector in India.

"We have given three months' times (to the inter-ministerial group). I think within three months we will get a pretty clear picture of what the industry requires and what the government needs to do. Let this exercise get complete," Telecom Secretary Aruna Sundararajan said.

The task of the inter-ministerial group (IMG) is to examine systemic issues affecting viability and repayment capacity of the telecom sector and furnish recommendations for resolution of stressed assets. It is expected to submit its recommendations within three months.

The group, comprising officials from the finance and telecom ministries, was set up after concerns about the financial stress in the industry.

"Government has already set up an inter-ministerial committee which is having detailed hearings with every section of the stakeholders. We are asking them to give their inputs. We have asked banks to give their inputs so that we can understand what these issues are, we can understand the gravity of these issues and whether the government needs to step in," she added.

Telecom companies Bharti Airtel, Vodafone India, Idea cellular, Reliance Jio, Reliance Communications, Tata Teleservices, Telenor, BSNL and MTNL have all met the IMG and discussed the state of the sector.

Sundararajan said the telecom sector in India had gone through ups and downs. "We went from a situation where we had a monopoly operator from the government, then a set of players came in and then that set of players was enlarged. Then, we had a situation where because of the intense competition, we actually had large number of players, now it is going through a phase of consolidation," she added.

Print Rate this article:
No rating

Number of views (281)/Comments (0)

S Vijaykrishnan
S Vijaykrishnan

IANS

Other posts by IANS
Contact author

Leave a comment

Name:
Email:
Comment:
Add comment

Name:
Email:
Subject:
Message:
x

Videos

Ask the Finapolis.

I'm not a robot
 
Dharmendra Satpathy
Col. Sanjeev Govila (retd)
Hum Fauji Investments
 
The Finapolis' expert answers your queries on investments, taxation and personal finance. Want advice? Submit your Question above
Want to Invest
 
 

Categories

Disclaimer

The technical studies / analysis discussed here can be at odds with our fundamental views / analysis. The information and views presented in this report are prepared by Karvy Consultants Limited. The information contained herein is based on our analysis and upon sources that we consider reliable. We, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and we are not responsible for any loss incurred based upon it. The investments discussed or recommended in this report may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advice, as they believe necessary. While acting upon any information or analysis mentioned in this report, investors may please note that neither Karvy nor Karvy Consultants nor any person connected with any associate companies of Karvy accepts any liability arising from the use of this information and views mentioned in this document. The author, directors and other employees of Karvy and its affiliates may hold long or short positions in the above mentioned companies from time to time. Every employee of Karvy and its associate companies is required to disclose his/her individual stock holdings and details of trades, if any, that they undertake. The team rendering corporate analysis and investment recommendations are restricted in purchasing/selling of shares or other securities till such a time this recommendation has either been displayed or has been forwarded to clients of Karvy. All employees are further restricted to place orders only through Karvy Consultants Ltd. This report is intended for a restricted audience and we are not soliciting any action based on it. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities, or any options, futures or other derivatives related to such securities.

Subscribe For Free

Get the e-paper free