Business

Another announcement by Telecom Department, Vodafone Idea will get 12 thousand and Airtel will benefit 8000 crores

TV9 No.

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.

  • TV9 No.
  • Updated On – 4:41 pm, Wed, 6 October 21Edited By: Shashank Shekhar
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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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Shehnaz Ali
Shehnaz is a Corporate Communications Expert by profession and writer by Passion. She has experience of many years in the same. Her educational background in Mass communication has given her a broad base from which to approach many topics. She enjoys writing about Public relations, Corporate communications, travel, entrepreneurship, insurance, and finance among others.

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