Minister to hold meeting with telcos on financial health

The financial health of the telecom sector has taken a beating after the launch of Reliance Jio

Telecom operators, which are facing severe financial pressure, have the ear of the government. According to sources in the industry, Telecom Minister Manoj Sinha’s office has written to telcos seeking to meet the owners or promoters to discuss the various representations they made to the government on the industry’s financial health.

The sources further said the Department of Telecommunications (DoT) had shared June 22 or 23 for the proposed meeting.

Before Sinha’s meeting, the inter-ministerial group (IMG), which was created to resolve the financial stress of the sector, will hold meetings with the executives of telecom companies. The operators have