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Old 15th February 2020, 12:49   #196
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Default Re: Mobile operators in India - Plans pricing and services

Quote:
Originally Posted by AZT View Post
Vodafone Idea is the market leader and the government wont let it fail, it's bad optics plus they owe banks over 50000 cr so that's another default no one wants.
The Government has to grow a spine and admit that a mistake was made when the draft policy culminated into the final policy and a few key words were dropped, resulting in unfavorable terms for the telcos, which is creating these unwarranted Dues. Everyone, other than the SC wants the Industry to survive, so let's hope for the Government to intervene and help the downtrodden.
Quote:
Originally Posted by carboy View Post
If you think they are going to shut down in the next year
They claimed they will declare bankruptcy, if the Supreme Court didn't help them, rather than infuse fresh Capital. If that happens, they go to NCLT and no merger will happen.They will go the BPL Mobile/Loop Mobile way, by giving users notice to port out immediately.


A nice read regarding why the Dues arose,for anyone interested.
https://economictimes.indiatimes.com...w/74135623.cms

Last edited by riteshritesh : 15th February 2020 at 12:58.
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