Telecom sector under stress, banks not lending: Anil Ambani
Reliance Group Chairman Anil Ambani has said the telecom sector is under stress and banks are not extending any credit. He said the telecom sector needed a minimum of â¹1,00,000 crore a year to expand and maintain quality of service. He added there was a sharp erosion in the competitive landscape and that some overseas operators have left the country.