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The new infrastructure bill also includes $14.2 billion for the Federal Communications Commission to provide a new permanent $30 per month voucher for low-income families to use toward any internet service plan of their choosing.
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“The company’s ability to continue as a going concern is dependent on its ability to raise additional funds as required and successful negotiations with lenders for continued support and generation of cash flow from its operations that it needs to settle its liabilities as they fall due,” said the telco.
Jio lost over 11 million subscribers in the second quarter ended September at 429.5 million users as low-end mobile users did not recharge owing to financial difficulties due to the pandemic.
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