Financials

2,900 jobs to go, as Carphone Warehouse set to close in the UK
The former High Street giant will close its stores in the UK in April
DoT asks India’s Supreme Court to grant 20 year AGR payment terms, or risk industry collapse
Collectively, India’s beleaguered telecoms operators and internet service providers owe a combined $193 billion in AGR dues, charges and late payment penalties
Vodafone Idea clears its AGR debts… or does it?
Vodafone Idea has now made payment of the full principal amount that it owes regarding its AGR dues – but it could still end up owing billions of dollars in associated charges and penalties
Aruba helps telcos extend 5G footprint into enterprises
Aims to deliver seamless, secure mobility between cellular and enterprise networks with carrier-grade quality of service
Masmovil acquires Lycamobile in Spain for €372m
Masmovil will continue to use the Lycamobile Spain name and branding
Bharti pays an additional $1.1bn to India’s DoT – but has it now wiped out its AGR debts?
The DoT estimated Airtel’s AGR debts to be around $4.89 billion but Airtel says it has now cleared the dues, having made a total repayment of just $2.48 billion
Nokia considers asset sales in a bid to ease financial pressures of 5G
The company is considering a range of options including mergers, asset sales and adjustments in its investment portfolio
State Bank of India: Nobody wants to kill India’s telecoms sector
India’s telecoms sector is struggling under a gargantuan debt pile that is already threatening the very existence of some of the country’s biggest telcos