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Saturday, June 24, 2017
DoT asks FinMin to slash telecom revenue target by 40%

DoT asks FinMin to slash telecom revenue target by 40%

The financial stress in the telecom industry is set to reflect in the revenues flowing into the government exchequer during the current financial year (FY2017-18). The Department of Telecommunications (DoT) has expressed its inability to meet its revenue target of Rs 47,305 crore for FY18 and has asked the finance ministry to revise the projection to Rs 29,524 crore — almost a 40 per cent fall ...more
Today’s headlines
Enterprise
*astTECS Launches High-Performance PRI Gateway
*astTECS, a leading provider of enterprise telecom technology products and Asterisk based open source communication solution, today, announced the launch of *astPG 30 and *astPG 60 PRI Gateway. A carrier grade solution, *astTECS PRI.... more
Tech Mahindra bets on telecom strength to grow IoT, connected devices biz
Tech Mahindra, India’s fifth-largest IT services firm, looks to tap on its traditional strength in serving telecom customers to expand its business in connected networks and Internet of things. It plans to drive growth through small platforms to solve problems.... more
Policy & Regulation
Telecom sector woes on AGR: Govt awaits 'favourable' SC verdict
To get the telecom sector a stable financial base, the government is waiting for a favourable verdict from the Supreme Court on the longest dispute in the sector, instead of tweaking interconnect charges or setting tariff rules, according to a top bureaucrat.... more
Reports
Telecom may leave a hole in non-tax revenue kitty
The Department of Telecommunications (DoT) has asked the finance ministry to slash the non-tax revenue targeted from the telecom industry for this fiscal year by over a third. Plunging tariffs due to promotional offers and the limited ability to invest in capital.... more
Telecom sector revenues hit 20% after RJio entry
The revenues of telecom industry have shrunk 20% in the last three quarters after the entry of Mukesh Ambani-led Reliance Jio's (RJio) in September last year. While the industry posted a topline of Rs 43,509 crore in the fourth quarter of fiscal 2017..... more
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