SC order on telecom revenue definition deals disastrous blow to industry in acute distress, says COAI
The decision will have a big impact on the telecom sector as it is already in the state of huge financial distress, experts opined
Telecom operator Bharti Airtel is learnt to have submitted a bank guarantee of Rs 644 crore in telecom tribunal TDSAT to complete the merger of Tata Teleservices' consumer business with the company
Telecom tribunal grants partial stay on Rs 8,300 cr DoT demand from Bharti Airtel for Tata Teleservices merger
The telecom tribunal has directed "the concerned authorities of the Union of India to take the merger of two companies and licence on record"
TRAI may ask Bharti Airtel to furnish details of segmented offers in 'stipulated format', Vodafone Idea seeks more time
Also, Bharti Airtel has furnished the details for December 2018 onwards, while TRAI has sought details of such concessions over a longer period, the official noted.
DoT's reluctance to give a go-ahead to the spectrum deal arises from Jio's purported denial to take on past liabilities of RCom.
Shares of Bharti Airtel and Vodafone Idea on Friday surged up to 10 percent a day after the telecom tribunal TDSAT struck down TRAI's new rules on predatory pricing saying they lacked required transparency.
TDSAT said that TRAI could not impose financial disincentives and ordered it to rework the predatory pricing rules within six months.
Reliance Communications reinstates bank guarantees worth Rs 774 cr with DoT; says asset sale on track
RCom had recently got a breather from the telecom tribunal, TDSAT, on the licence and spectrum cancellation show-cause notice served by the DoT.
Under the new rules, Trai had said it will impose financial disincentive of up to Rs 50 lakh per circle on operators if their service rates are found to be predatory in nature.