The Indian telecom sector just got a call from hell

Niharika Sharma
The Indian telecom sector just got a call from hell

The July-September quarter has dealt a body blow to the Indian telecom sector, already reeling under a bruising tariff war. Bharti Airtel and Vodafone Idea, India’s second- and third-biggest telecom service providers, respectively, announced unprecedented losses yesterday (Nov. 14). This was largely a result of the two setting aside cash to pay disputed dues to the government, following a supreme court order to do so.