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Vodafone India, Reliance Jio Infocomm, IDEA Cellular and Bharti Airtel are members of indsutry body COAI.

With the government due to present Interim Budget 2019 in Parliament on February 1, many analysts eye the key annual event for announcements related to the telecom sector.

The transaction is subject to the shareholders' approval of Bharti Telecom and the funds raised will be used towards debt reduction, Bharti Airtel said.

The TRAI envisions to become net become net positive in international trade of communication systems and services by 2022.

The budget doubled existing customs duties on imported lighters, perfumes, make-up, wrist watches, sunglasses, toys and gaming consoles.

Bitcoin prices also reacted to Facebook'sban on cryptocurrency adverts while a growing regulatory backlash against the nascent market frightened investors reported Reuters

According to industry experts, the customs duty hike will push foreign players towards manufacturing and sourcing components more within the country.

TRAI arrived at the decision after taking into consideration the comments received from the industry stakeholders.

Walmart could buy a 15 per cent to 20 per cent stake in Amazon.com Inc's main competitor in India, the newspaper said, citing two anonymous sources.

Airtel, India's largest telecoms operator, had expressed an interest to acquire the Nigerian firm as part of plans to consolidate its position in Africa's biggest telecoms market, but it declined to submit a financial bid before a January 16 deadline.