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Telcos want a bailout — again. Here’s why it is bound to make things worse, and what can save the day.

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Telecom

Telcos want a bailout — again. Here’s why it is bound to make things worse, and what can save the day.

The recent history of Indian telecom is littered with financially stressed firms asking the government for relief. The time has come for them to take ownership of their extravagant strategies in the name of customer retention. And for the government to rethink what it really wants from the sector.
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29 Nov 2018 8 Mins Read 0 comment
Bharti Enterprises chairman Sunil Bharti Mittal, Reliance Industries chairman Mukesh Ambani, and Aditya Birla Group chairman Kumar Mangalam Birla during International Mobile Congress in New Delhi on October 25, 2018. Getty Images
Bharti Enterprises chairman Sunil Bharti Mittal, Reliance Industries chairman Mukesh Ambani, and Aditya Birla Group chairman Kumar Mangalam Birla during International Mobile Congress in New Delhi on October 25, 2018.
Government: Telcos, telcos Telcos: Yes G? Government: Paying your dues? Telcos: No G. Government: Need extension? Telcos: Oh yes, G! Government: For the last time? Telcos: He he he… This isn’t new for the government: Debt-ridden telcos nagging and whimpering, asking for more time to repay their dues. It wasn’t
and dues are bringing them down to their haunches. Who ought to win this tug of war? At the moment, it is as Nietzsche once said: “You have your way, I have my way. As for the right way, the correct way, and the only way, it does not exist.” ( Graphics by Sadhana Saxena)
Government: Telcos, telcos Telcos: Yes G? Government: Paying your dues? Telcos: No G. Government: Need extension? Telcos: Oh yes, G! Government: For the last time? Telcos: He he he… This isn’t new for the government: Debt-ridden telcos nagging and whimpering, asking for more time to repay their dues. It wasn’t and dues are bringing them down to their haunches. Who ought to win this tug of war? At the moment, it is as Nietzsche once said: “You have your way, I have my way. As for the right way, the correct way, and the only way, it does not exist.” ( Graphics by Sadhana Saxena)

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