finance

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
5G in India is still a few years off, says Ericsson
Competitive market conditions and lack of spectrum resources is delaying the start of India's 5G journey, according to the Swedish kit manufacturer
Digital banking is a huge opportunity for telcos, with 3.6bn users by 2024
A number of large, international telcos are already offering financial services to their customers, as part of a drive to broaden their product portfolio
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
A Vodafone Idea default could push India’s telecoms sector into chaos, lenders warn
Banks and other lenders have warned the DoT against calling in Vodafone Idea’s debts which are backed by bank guarantees
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
Axiata set to apply for banking licence in Malaysia
Malaysia is poised to offer five banking licences this year, as it starts to open up its financial sector