Jio tactics will have telcos' revenues falling 10 per cent this fiscal
Jio's entry has wrecked financials of all the telcos as they are forced to lower prices on offerings.
Reliance Jio to raise Rs 20,000 crore via rights issue
Company started charging for mobile services from April 1, but continues to offer disruptive data rates and free voice calls.
Trai to discuss tariff floor price with telcos on July 21
Jio still offers aggressive data plans and has promised that voice calls will forever be free on its network.
Telcos see 15 pc dip in services revenue in Jan-Mar qtr
Gross revenue of the telecom service providers declined by 7.35 per cent to Rs 63,315.18 crore.
Will repay Rs 125 cr debt to PSU bank by June-end: MTNL CMD
MTNL has also sought government aid for its high employee cost - a tab of Rs 2,800 crore.
Telcos under stress, can default on loans: Banks tell panel
The letter had noted that the total EBITDA in the sector on an annualised basis is Rs 65,000 crore.
Mobile operators face 10 pc customs duty on 4G equipment import
India, with over 1.16 billion mobile users is the second-largest telecom market in the world, after China.
Telcos not investing in tech causing financial stress: Jio
IMG today began consultation with operators as part of efforts to address the financial difficulties being faced by the sector.
Not cancelled unused credit lines to telecom sector: SBI
RBI recently asked banks to immediately review their exposure to the telecom sector, which has total debt of about Rs 4.6 lakh crore.
Trai to meet telcos next week on sector's financial stress
Key demands of the industry including reduction of licence fee and spectrum charges have already been favoured by the Trai.