"Having made large investments and no monetisation happening, I think the industry does need to see some movement towards monetisation. Let's say if we are launching 5G probably in the next 6-7 months time then we will have a better idea what is happening on the monetisation front. After funding is there, we will need some time to roll out. Let's say 6-7 months," Moondra said. He said the company will be able to roll out 5G only after funding is in place. However, he refused to reply to any question on the status of funding as it is in the discussion stage.
"As for funding, it is in progress with investors. Given the nature of these discussions, we will not be able to respond to any queries on this subject," Moondra said. During the earnings calls for September 2023 quarter, Moondra had expressed optimism to close discussions on funding in December 2023 quarter.
Denne historien er fra February 01, 2024-utgaven av The Business Guardian.
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Denne historien er fra February 01, 2024-utgaven av The Business Guardian.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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