Reaction to Telecom Policy Idea says -To take India to next stage of inclusive growth -Govt to begin consultations across multiple stakeholders -Will need to review proposals in draft NTP with experts
Bharti Airtel says -Draft NTP signals govt's focus on broadband, convergence -Proposals 'progressive policy decisions' -Proposals to provide capacity augmentation to telecom sector -Proposal will provide 'much-needed relief to sector' -Look forward to constructive deliberations on proposals -Hope final policy will provide level playing field in sector
IIFL says -Roaming contributes to 5-6% of revenue -Review of roaming may lead to tariff revision by operators -Exit policy should take in account spectrum verifications -Timeline, process of removal of roaming charges not clear yet -Been expecting telecom ministry to do away with roaming charges
Other stocks and sectors that are in news today: -Unitech to move CLB against JV partner Telenor citing gross mismanagement by the company - ET -RIL to ink deal with UTV Software to acquire content for its telecom operations (ET) -USA based ADM may buy four plants of KS Oils (ET) -Coal India union claims, company to incur Rs 138 crore loss & production loss of 13 lakh tonnes due to strike (ET) -UB Holdings to raise its borrowing limit to Rs 3500 crore (BS) -SBI slashes rights issue size to Rs 5000 crore, issue likely by December (BS) -CAG has raised fresh concerns about costs claimed by RIL for its D6 block (Mint) -UTV to buy 30% more stake in India Games for Rs 94.56 crore (Mint) -F&O ban: ABG Shipyard, Gitanjali Gems
