Telcos record Rs 4.17 lakh crore debt in 2021-22: MoS Telecom 
News Updates

Telcos record Rs 4.17 lakh crore debt in 2021-22: MoS Telecom

Six telecom companies including Airtel, Reliance Jio, and Vodafone Idea had a total debt of Rs 4.17 lakh crore in fiscal 2021-22, said Chauhan

PSU Watch Bureau

New Delhi: Six telecom companies including Airtel, Reliance Jio, and Vodafone Idea had a total debt of Rs 4.17 lakh crore in fiscal 2021-22, Parliament was informed on Wednesday. Data submitted by Minister of State for Telecom Devusinh Chauhan in the Lok Sabha shows that Vodafone Idea had a debt of Rs 1,91,073.9 crore, Airtel (Rs 1,03,408.1 crore), Reliance Jio (Rs 42,486 crore), BSNL (Rs 40,400.13 crore), Tata Teleservices (Rs 20,162.04 crore) and Tata Teleservices (Maharashtra) Limited (Rs 19,703.84 crore) in the financial year 2021-22.

"The Government has approved various structural and procedural reforms in the telecom sector to promote healthy competition, protect interests of consumers, infuse liquidity, encourage investment, and reduce the regulatory burden on Telecom Service Providers (TSPs)," Chauhan said.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Two India-bound LPG vessels cross Strait of Hormuz even as one sinks after being attacked

Centre clears appointment of 4 officers to Director, Deputy Secretary-level posts

NPPA slaps Rs 4.92 crore demand notice on Natco Pharma for overcharging

Andhra cabinet clears investments worth over Rs 1.4 lakh crore across sectors

HUDCO Q4 net profit more than doubles to Rs 1,981 crore