Jio, Airtel and Vi ask TRAI to Help with Liquidity Issues
Reliance Jio, Bharti Airtel and Vodafone Idea (Vi) have asked the Telecom Regulatory Authority of India (TRAI) to help out with liquidity issues. The telcos have asked the regulatory body to abolish bank guarantees (BGs) so that they can free up working capital and use it for expanding their mobile networks. As per an ET Telecom report, telcos implied that BGs affect their business in two negative manners. Firstly, it... Read More