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Here’s What The Telecom Package Means: 5 Points


The aid package deal will present aid to Reliance Jio, Bhari Airtel and particularly Vodafone Concept.

  1. The aid package deal will present aid to India’s three main wi-fi carriers, i.e. Reliance Jio, Bhari Airtel and particularly Vodafone Concept. Vodafone Concept, which was created from the merger of British telecom large Vodafone’s India unit and Birla’s Concept Mobile, owes Rs 50,399.63 crore in statutory dues to the federal government.
  2. The telcom sector was hit by the Supreme Courtroom ruling final 12 months, making it obligatory for Bharti Airtel and Vodafone Concept to pay their pending dues to the federal government.
  3. Earlier in 2016, the telecom sector noticed an upheaval on account of Jio’s entry into the market. With its free voice and cut-price information plans, Jio pushed many rivals out of the market.
  4. Kumar Mangalam Birla, former chairman of Vodafone Concept, wrote o the cupboard secretary in July, providing his stake in Vodafone Concept to the federal government or any firm authorized by the federal government free of charge. And on August 4, Mr Birla resigned because the chairman of Vodafone Concept.
  5. Earlier this week, banks led by State Financial institution of India known as on the federal government to provide Vodafone Concept extra time to clear its tax dues.



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