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EU riles Big Tech with telecoms network costs consultation

For more than two decades Deutsche Telekom, Orange, Telefonica, Telecom Italia and other operators have lobbied for leading technology companies to contribute to 5G and broadband roll-out.

PTI
February 23, 2023 / 21:44 IST
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Indus Towers | CMP: Rs 158.20 | The stock declined over 7 percent after the mobile tower installation company reported loss for third quarter of FY23 under doubtful debt provision against a telecom operator. Although the company avoided to name the telecom operator that can be blamed for delay in payment of receivables, experts believe it is Vodafone Idea that is grappling with funds crunch. Indus Towers posted a consolidated loss of Rs 708.2 crore for the quarter ended December FY23 as against a profit of Rs 1,570.8 crore a year back.
Indus Towers | CMP: Rs 158.20 | The stock declined over 7 percent after the mobile tower installation company reported loss for third quarter of FY23 under doubtful debt provision against a telecom operator. Although the company avoided to name the telecom operator that can be blamed for delay in payment of receivables, experts believe it is Vodafone Idea that is grappling with funds crunch. Indus Towers posted a consolidated loss of Rs 708.2 crore for the quarter ended December FY23 as against a profit of Rs 1,570.8 crore a year back.
PTI
first published: Feb 23, 2023 09:44 pm

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