The Indian government's win of a long-contested dispute over telecom fees c...
) calling the situation “critical” after the unit was saddled with about $3.9 billion in fresh payments due.
To industry executives and analysts alike, there’s only one solution for the sector which was even before the current crisis debt-ridden and battered by a brutal price war: significant government financial support. He said he expects the company to survive as it is in the government’s interest to have three main players to ensure sufficient competition in the sector.
Mobile carriers have also petitioned the Supreme Court to review its ruling, although lawyers say chances of that happening are slim. While the price war appears to have ended with all three main carriers - who serve 90% of the market - planning to lift user fees next month, Vodafone Idea has not yet stopped losing subscribers. The latest data, for September, showed a net loss of 2.6 million customers.
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