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The troubled telco has chosen to swap out crores of interest accrued on dues by surrendering equity.
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The troubled telco has chosen to swap out crores of interest accrued on dues by surrendering equity.
Strapped for cash, Vi opted to turn over equity while its competitor Airtel remains confident of repayment.
While Reliance Jio added more connections in October, Vi and Airtel saw declines
The top three telecom operators account for about 94% of all active connections in India.
Reliance Jio and Bharti Airtel continued to grow their active mobile connections at the expense of Vi in August this year.
Among states, Bihar was overtaken by the North East region wherein 90% of new active connections were recorded.
Airtel and Jio now account for 67% of India's total mobile connections. BSNL has just 10%.
In its earnings call, the telco discussed issues related to subscriber decline, fundraising, liabilities, and a review petition filed by Vi in the AGR...
These services have only been authorised to allow people to view what slots are available even as the government plans to release an open-source...
Low data tariffs, floor pricing, and the need for an extended moratorium on AGR dues were also discussed. In its earnings call for the...
