Vodafone Idea: Birla Offers To Give Up Vodafone Idea Stake Amid Worsening Financials bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
The world’s cheapest data costs have done wonders for India by helping spread the benefits of the internet beyond a tiny, urban, affluent class. But there’s a problem: Successive governments have hounded telecom operators with outlandish financial demands. Now things have gone too far. Vodafone Idea Ltd., one of the three private-sector competitors left standing in what used to be a field of a dozen players, is very close to crumbling under the weight of its $30 billion debt. That will effectively turn the wireless market in the nation of 1.4 billion people into a duopoly.
Maybe not immediately, but the gains to consumers could be reversed because of lack of competition. (An international survey shows Indian data plans to still be highly affordable, though they’re no longer as inexpensive as the world-beating 9 cents per gigabyte last year.) The pace of digitization of the economy could slow. Avoiding this scenario calls for some creative thinking.
Opinion: Vodafone s $30 Billion Debt In India Leaves It Close To Cutting Out ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
5G Services Market 2021-2026: Size, Trends, Growth, Industry Share, Top Manufacturers, and Forecast
iCrowd Newswire
According to the latest report by IMARC Group, titled 5G Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 , the global
5G services market size exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to
grow at a CAGR of around 45% during 2021-2026. 5G services help in connecting people, machines, objects, and devices virtually. They also assist in providing a next-generation user experience, delivering new services, and empowering new deployment models. Besides this, they offer increased speed, reduced latency, improved flexibility and reliability and a consistent user experience. As a result, 5G services are extensively used for safer transportation, digitized logistics and remote healthcare across the globe.
India Court Rejects Plea for Relief on $14 Billion Telecom Dues
Upmanyu Trivedi, Bloomberg News A building is reflected in signage atop a Vodafone Idea Ltd. store in Mumbai, India, on Sunday, Jan. 19, 2020. Telecom companies including Vodafone Idea and Bharti Airtel Ltd. have sought more time from India s top court to pay $13 billion in past dues as they plan to negotiate with the government, people with knowledge of the matter said. Photographer: Dhiraj Singh/Bloomberg , Bloomberg
(Bloomberg) Indiaâs Supreme Court rejected petitions by telecom companies seeking a reassessment of how much they owe the government, a two-decade-long dispute that threatens the survival of cash-strapped Vodafone Idea Ltd.