Telcos: The long rope and its consequence

Telecom Regulatory Authority of India chief Rahul Khullar last week spoke some home truths about India’s mobile services industry. The major telecom operators—about six of them—have a cumulative debt exposure of close to R2,00,000 crore. They would probably add another R1,50,000 crore of debt after the forthcoming auction of licences by the government, post the Supreme Court directive on 2G spectrum.

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