Moumita Bakshi Chatterjee And Prasoon Srivastava

All stories by Moumita Bakshi Chatterjee And Prasoon Srivastava

Crisis grips world's cheapest, biggest telecom market

Crisis grips world's cheapest, biggest telecom market

Rediff.com25 Dec 2019

When on October 24, the Supreme Court, on a petition moved by the government, ordered payment of past dues according to its new definition of AGR, the country's second-biggest carrier Vodafone-Idea Ltd warned of shut down if no relief is given. The total dues for the industry ran into a whopping Rs 1.47 lakh crore. For an industry that has come from 7-8 operators to just three private players and state-owned fourth operator, the warning by Vodafone-Idea sounded like a death knell.