Smaller Indian Telcos Lost 38 Million Subscribers in Last One Year: India Ratings
Over the last one year, smaller telecom operators in India lost 38 million subscribers on an aggregate basis, which has challenged their business continuity, India Ratings said in its November report. Most of the smaller telcos have sold the business at rock-bottom valuations and even need to restructure their debt. Smaller telcos with high debt, small revenues and profitability pressures had limited scope to incur massive capex on the network... Read More