]Inter Ministerial Group to study the crisis of private telecom companies.
The government has setup an Inter Ministerial Group (IMG) to study the financial crisis of the private telecom companies. The first meeting of this IMG begins on 12th June, 2017. As a precursor to this meeting, the DoT officers are holding a series of meetings with Airtel, Vodafone, Idea, Aircel and TATA Tele-Services. When the corporates earn hefty profit, they do not think about the country and the people. But, when the corporates land in crisis, the country and it’s government start worrying about them. Among all the telecom companies today, BSNL is having the least debt burden. Below is the list of loans taken by various private telecom companies.
Reliance Communications Tata Tele-Services Bharati Airtel
₹44,000 cr. ₹30,000 cr. $14.09 billion
Aircel Idea Cellular Vodafone India
₹23,000 cr. ₹50,072 cr. €8.7 billion (Courtesy: BSNLEU website)