Airtel’s cash flow will increase to 8000 crores.
Cashflow will increase due to reduction in bank guarantee. It is believed that with this decision of the Telecom Department, Vodafone Idea will get additional cash flow of about 10-12 thousand crores.
The Department of Telecommunication has made a big announcement for telecom companies. DoT has decided to reduce the bank guarantee regarding the licensing of telecom companies. Now the limit of bank guarantee for these companies has been increased to 20 percent.
Cashflow will increase due to reduction in bank guarantee. It is believed that with this decision of the Telecom Department, Vodafone Idea will get about 10-12 thousand crore rupees and Airtel will get additional cash flow of 8000 crores. They can use this money for operation work and technology upgradation.
FDI will have to be approved from border countries
The government has notified the decision to allow 100% Foreign Direct Investment (FDI) in the telecom sector under the automatic route. The Department for Promotion of Industry and Internal Trade (DPIIT) said in a press note that FDI in telecom services will depend on the status of Press Note-3 of 2020.
Regarding the investment coming from the countries bordering India
Accordingly, the cases where prior approval of the government would be required under the provisions of Press Note-3, that situation would continue. Under Press Note-3, an entity of a country whose land borders with India or the beneficiary of investment in India resides there or is a citizen of such country, can invest only under the Government route. Is.
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