Reliance Communications cannot sell its towers till April 23 as the National Company Law Appellate Tribunal (NCLAT) has recalled its April 6 order that allowed the sale. The NCLT order of March 12, barring the sale of tower and fibre assets held by Reliance Infratel, continues for now.
As many telecom operators are not happy with the telecom regulator TRAI’s MySpeed app,the Cellular Operators Association of India (COAI) has written to the telecom regulator to address the issues. It cited a TRAI white paper in February that showed data-speed testers such as Ookla, OpenSignal and 4G Mark pegging Jio’s download speeds at 7.33, 5.81 and 4.6, respectively, while its MySpeed app recorded it at 18.4.
With the National Company Appellate Law Tribunal (NCLAT)’s vacating stay on Reliance Infra’s tower, fibre sale, Anil Ambani -led Reliance Communications' worries have come down. But NCLAT has asked Reliance Infra to deposit the sale proceeds in an escrow account of the State Bank of India (SBI).
Finally the tense employees of debt ridden Aircel have got their salaries, thanks to Maxis which injected Rs. 95 Crore as relief package. Meanwhile, the creditors have stopped servicing Aircel that has thus been forced to shut down its operations in various circles including Tamil Nadu and Chennai.
According to Piyush Nahar, equity analyst, Jefferies, Indian telcos carry the highest data worldwide on their network after the country’s data usage grew five times in the last one year due to entry of Jio. The country’s network carries 2.1 exabytes of data per month, much ahead of North America, Eastern Europe, European Union, Latin America, China, and Middle East & Africa.
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