India's telecoms sector and leading players Bharti Airtel and Vodafone Idea...
NEW DELHI - India’s telecoms sector and leading players Bharti Airtel and Vodafone Idea will face an “unprecedented crisis” if the government refuses to relax its demand for $13 billion in outstanding dues, a lobby group says.
The Cellular Operators Association of India lobby group has joined the fray, seeking the intervention of India’s telecoms minister in a letter dated Oct. 29, arguing that such payments will lead to a crisis at the companies and cause distress for the sector as a whole. Reliance “completely disagrees with the intent, tone, contents and connotations of the COAI letter”, it said in a letter to COAI, which it released to the media.
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