Trai to meet telcos on June 15 to discuss financial stress in the sector

The Telecom Regulatory Authority of India (Trai) has asked the chief executive officers (CEO) of all the companies in the sector to a meeting on June 15 to discuss their financial crisis.

The CEOs will also meet Union Minister of Communication Manoj Sinha on June 22 or 23, to provide information on the problems in the sector. An inter-ministerial panel, formed to address the same issue, will meet sectoral representatives on June 12, 15 and 17.

The government became proactive to address this issue after a number of recent reports on the financial stress in the telecom sector. In April,