Telecom woes: Kumar Mangalam Birla holds another round of talks with telecom secretary Aruna Sundararajan

Birla, who was flanked by other senior officials of Vodafone Idea and Himanshu Kapania, vice-chairman at Grasim Industries (also Board member of Vodafone Idea Ltd) met Sundararajan for nearly 30 minutes

Press Trust of India November 22, 2018 19:07:57 IST
Telecom woes: Kumar Mangalam Birla holds another round of talks with telecom secretary Aruna Sundararajan

New Delhi: Just days after raising concerns over stress in the telecom sector, Vodafone Idea Chairman Kumar Mangalam Birla Thursday held another round of talks with Telecom Secretary Aruna Sundararajan.

Birla, who was flanked by other senior officials of Vodafone Idea and Himanshu Kapania, vice-chairman at Grasim Industries (also Board member of Vodafone Idea Ltd) met Sundararajan for nearly 30 minutes.

Telecom woes Kumar Mangalam Birla holds another round of talks with telecom secretary Aruna Sundararajan

A file photo of Aditya Birla Group chairman Kumar Mangalam Birla. AFP

Emerging from the meeting, Birla, however, refused to comment on the deliberations.

This is the second such meeting between the industry honcho and the communications ministry over the last few days.

Birla had earlier expressed concerns over the severe liquidity crunch in the telecom industry and has sent an SOS to the government for deferring statutory payments in a sector that is not generating enough cash to even service loans.

The telecom sector has been battered by falling tariffs, eroding profitability, and mounting debt in the face of stiff competition triggered by disruptive offerings of Reliance Jio, owned by richest Indian Mukesh Ambani.

Birla, who heads Vodafone Idea -- the country's largest mobile operator, had also raised issues around high spectrum payouts and levies during his meeting, earlier this month, with Telecom Minister Manoj Sinha as well as Sundararajan.

Updated Date:

Subscribe to Moneycontrol Pro at ₹499 for the first year. Use code PRO499. Limited period offer. *T&C apply

also read

Mukesh Ambani climbs to eight spot on Hurun Global Rich List, 40 Indians enter billionaire’s club
Business

Mukesh Ambani climbs to eight spot on Hurun Global Rich List, 40 Indians enter billionaire’s club

Among those who saw a decline in their net worth during the year was Acharya Balkrishna of Patanjali Ayurved at US $3.6 billion, down 32 percent

Spectrum auction: Telecos buy bids worth Rs 77,815 crore; Jio top buyer with Rs 57,122 cr
India

Spectrum auction: Telecos buy bids worth Rs 77,815 crore; Jio top buyer with Rs 57,122 cr

Bids were received in the 800 MHz, 900 MHz, 1800 MHz, 2100 MHz and 2300 MHz bands but there were no takers for the airwaves in the premium 700 and 2500 MHz bands