Private telecom companies: In a report released on Tuesday, it has been said that in the financial year 2022-23, the income of these companies can increase by 20-25 percent.
Private Telecom Companies: The top three private sector telecom operators of the country will once again start the process of increasing tariff rates from the second quarter of the current financial year. This has been said in a report released on Tuesday.
The income of these companies is expected to increase
It has also been said in this report that in the financial year 2022-23, the income of these companies may increase by 20-25 percent. An increase in average revenue per user is essential for the industry to invest in network and spectrum, said a report by the research arm of domestic rating agency Crisil. If they do not do this, the quality of service may deteriorate.
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Increased competition due to Jio
The industry started increasing tariffs from December 2019 onwards after the stiff competition that started after the arrival of Reliance Jio. According to the report, “…the top three companies are expected to see a strong growth of 20-25 percent in revenue during the current fiscal.” The report further said that after a slow growth of 5 percent in Average Revenue Per User (ARPU) in 2021-22, it is now expected to grow by 15-20 percent in 2022-23.
