Reliance Jio to IMG: Incumbent Telcos May Raise Funds by Stake Sale to Pare Debt
Reliance Jio during its meeting the Interministerial Group (IMG) on Monday said that incumbent telecom operators might raise funds by selling stake or invest in new technology through internal accrual if they are facing financial difficulties, adding that they themselves are to blame for these financial difficulties as they are leveraging their balance sheets, a PTI report said. The inter-ministerial group, comprising officials from ministries of communications and finance, is... Read More
