DoT sorts out crisis plan for Telecom companies
By MYBRANDBOOK
The government has started working on a crisis plan to take care of mobile subscribers and business enterprises, in case any telecom company fails to come out of the difficult situation during the coronavirus outbreak.
While the Department of Telecom (DoT) is hopeful of working out a formula to pull the beleaguered players out of the crisis, it is still being considered prudent to prepare for the worst. A collapse of any major telecom company, if it happens, would result in chaos in case of mass-scale shift of subscribers, lakhs of porting requests, and even closure of telecom and internet lines of businesses (leased lines) that range from top corporate houses and MNCs to ride-hailing companies and online retailers.
Vodafone Idea, with 30 crore mobile subscribers and a long list of business enterprises as customers, appears to be in a very tight spot now with the Supreme Court making it clear that companies have to pay the AGR dues.
The company, which has stressed that its survival hinges only on a bailout package, has so far paid about Rs 6,800 crore, while its current outstanding is around Rs 51,500 crore - a tall order considering its crippled operations.
Airtel, which needs to cough up around Rs 25,000 crore, over the Rs 18,000 crore that it has paid, may also find it challenging if it has to raise the funds over the next two weeks, by when the SC hears the matter. Even though the company’s stock has been in healthy territory recently (except for the beating in the overall widespread market crash), its ability to raise fresh finances in a short span of time remains doubtful.
BREAKING NEWS
TECHNO TRENDS
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
E-Magazine
TECHNOTAINMENT
Airtel Xstream Play strengthens regional content library, part
Bharti Airtel (“Airtel”), one of India’s leading telecommunications
ED attaches Raj Kundra, Shilpa Shetty’s Rs 97 crore worth as
The Enforcement Directorate (ED) has seized businessman Raj Kundra's pro
MOVERS & SHAKERS
Clover Infotech appointed Subham Banerjee as CDO
Clover Infotech has announced the appointment of Subham Banerjee as its Ch
Saviynt ropes in Sanjeevi Kumar as new Sales Director in India
The cloud-native identity and governance platform solutions provider Saviy
OPEN YOUR EYES
INTERVIEWS
Committed to follow future roadmap with 'Make-in-India' 2.0 Vi
As technology advances, AI is used in increasingly disparate ways to help a
Dell Technologies lives by its commitment of driving growth th
Dell believes in an agile approach to innovation that leverages the brighte
HOT PICK
COLORFUL rolls out an array of gaming laptops
COLORFUL launched its incredible series of COLORFUL EVOL P15 gaming laptop
Dell Technologies launches new AI-powered commercial PC portfo
Dell Technologies has launched the broadest portfolio of commercial AI lap
MAKE IN INDIA BRANDS
HP INDIA SALES PVT. LTD.
AGGRESSIVE ELECTRONICS MANUFACTURING SERVICES PVT. LTD.
SAMRIDDHI AUTOMATIONS PVT. LTD.
SAFE SECURITY SERVICES PVT. LTD.
EMINENT CIO'S OF INDIA
ICONS OF INDIA
Technology Icons Of India 2023: Amitabh Kant
Amitabh Kant is presently the G20 Sherpa of India during its Presidenc...
Technology Icons Of India 2023: Harsh Jain
Harsh Jain is an Indian Entrepreneur, the co-founder and CEO of the In...
Technology Icons Of India 2023: Anant Maheshwari
As President of Microsoft India, he is responsible for Microsoft’s o...
PARTNER SPEAKERS
PSU
HPCL is transforming the energy landscape, across the nation and beyond
HPCL is world-class energy company known for caring and delighting the...
C-DAC keeps India ahead in IT & Electronics R&D space
Centre for Development of Advanced Computing (C-DAC) is the premier R&...
ITI Limited widening its focus area
ITI Limited is a public sector undertaking company, has manufacturing ...
VIDEOS
Top 25 Brands
Value-Added Distribution
R P TECH INDIA
R P Tech is recognized for its diverse products portfolio, value-add...
REDINGTON INDIA LIMITED
Redington (India) Limited operates in the IT product distribution busi...
SUPERTRON ELECTRONICS PVT. LTD.
Supertron deals in servers, laptops, components, accessories and is a...
ITFORUM 2024
WIITF 2024
CMO of the Year
WOMEN LEADERSHIP
EMINENT CIO's OF INDIA
TRENDS IN TECHNOLOGY
MORE VIDEOS
ADVERTISEMENTS
TECHNOLOGY DISRUPTION
UNICORNS REVOLUTIONISING
 INDERJEET SINGH.jpg)
