Buoyed by increased revenue per minute and subscriber churn from smaller operators, telecom majors are expected to post higher revenues and margins in the fourth quarter of the last fiscal, says a Barclays report.
Angel Broking has come out with its report on telecom sector. As per the research firm, the Indian telecom sector is currently experiencing heat due to a number of policy uncertainties related to spectrum and license fee payments.
CNBC-TV18 learns that the move will lead to significant layoffs from Etisalat's end and IT companies like Tech Mahindra too will feel the ripple effects of the move.
The draft notices for imposition of liquidated damages (LD) for 10 licences each of RCom and Tatas have been prepared and are awaiting approval of the competent authority, said sources in the know.