Govt assures corrective steps for telecom growth
The government on Thursday said it will take corrective steps to ensure orderly growth of the telecom sector, after a meeting with the telecom service providers.
“Corrective steps will be taken by the government for ensuring orderly growth in this sector in terms of services to the common man,” Union communications minister Manoj Sinha said after a two-hour meeting with telecom companies.
The final round of discussions between telecom service providers and the telecom ministry on the steps to ease out the financial stress of the sector concluded on Thursday.
The inter-ministerial group (IMG) is examining systematic issues affecting viability and repayment capacity in the telecom sector and its report will be out shortly, communications minister Manoj Sinha said after the meeting.
Key executives from all telecom companies, including Bharti Airtel, Idea Cellular, Reliance Jio and Reliance Communications, met Sinha, telecom secretary Aruna Sundararajan and other senior ministry officials. Bharti Group chairman Sunil Mittal and Mahendra Nahata from Reliance Jio were also present in the meeting.
According to sources, Reliance Group chairman Anil Ambani met telecom minister before this meeting started.
Sinha said, “The operators suggested a roadmap and talked about problems of financial stress. A decision will be taken soon.”
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