Jio vs others: Telcos meet IMG, refute Jio claims on investments and debt

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Latest News – Refuting the claims by Reliance Jio, the incumbent operators today stressed that they are making massive investments in infrastructure and infusing equity from operating cash flows rather than relying on raising debt alone.

The incumbents including Bharti Airtel, Vodafone, Idea Cellular and Telenor met the inter-ministerial group today and presented their point of view and facts around the condition of the telecom sector. The panel was formed to resolve the financial stress of the sector, which has been plagued with a debt of around Rs 4.5 lakh crore and profits are going downward.

The telcos said ever since Jio has launched services, the new entrant has adopted a (Read More)

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