Just In
- 6 hrs ago Samsung Galaxy A55 vs Galaxy S23 FE: The Battle of Samsung’s Premium Mid-rangers!
- 8 hrs ago IPL 2024: How to Get Free Indian Premier League Stickers on JioCinema
- 8 hrs ago How to Remove Stubborn Holi Color Stains from Your Phone Like a Pro
- 9 hrs ago Happy Holi 2024 Wishes: How to Download Holi Stickers on WhatsApp and Send to Friends & Family
Don't Miss
- Movies Yesha Rughani Birthday: 5 Times Rabb Se Hai Dua Actress Wooed Fans With Her Indian Dresses
- Sports IPL 2024, KKR vs SRH: Award Winners, Man of The Match, Post-Match Presentation, Scorecard & Records
- Lifestyle Happy Holi 2024 Wishes: Top 40 Quotes, WhatsApp, Instagram Status Messages, Images, Posters, Greetings
- News Digvijaya Singh, Ajay Rai, And Karti Chidambaram In Congress's 4th List Of Lok Sabha Candidates
- Finance DGCA Slaps Air India with Rs 80 Lakh Fine for FDTL Violations
- Travel Learn About the Types of US Visas Available for Indian Immigrants and the Visa Process
- Education UPSC ESIC Nursing Officer Recruitment 2024; Apply Online for 1930 Posts, Know more
- Automobiles Hyundai India's Dry Wash Service Contributes To Significant Water Conservation
DOT asks Finance Ministry to revise its revenue target for telecom department
India Ratings and Research (IndRa) firm also said that Indian telecom industry has lost around 20 percent revenues due to free services being offered by Reliance Jio.
The financial stress in the telecom sector has forced Department of Telecom (DOT) to express its inability to meet this year targets.
According to the report in HBL, for 2017-18, the Finance Ministry has set a target of ₹47,304 crore for the telecom department but now DoT wants this revised down to ₹29,524 crore.
DOT also pointed out that from the last three-quarters revenues of telcos have been falling.
To recall, Mukesh Ambani-owned Reliance Jio has already shaken the market and now whole telecom industry is sitting on a huge debt.
Jio's aggressive plans have forced others players to cut voice and data tariff.
Cellular Operators Association of India (COAI), Director-General, Rajan S Mathews on the financial health of the telecom industry told Gizbot that the telecom industry has lost about 20 to 30 percent of revenue due to Reliance Jio's free services.
Earlier, before Jio came into the game there were losses but year on year revenue was increasing.
Rajan also pointed out that 2016- 17 was the first year in the history of telecom industry that total revenue of the industry has declined.
When asked about, whether Jio was the reason behind losses, Rajan replied free "offers by one company is the principal reason behind it."
India Ratings and Research (IndRa) firm also said that Indian telecom industry has lost around 20 percent revenues due to free services being offered by Reliance Jio.
It says, smaller telcos may not be able to sustain cash burn by operating independently and are looking for exit options.
-
1,29,999
-
22,999
-
64,999
-
99,999
-
29,999
-
39,999
-
-
63,999
-
1,56,900
-
96,949
-
1,39,900
-
1,29,900
-
79,900
-
65,900
-
12,999
-
96,949
-
16,499
-
38,999
-
30,700
-
49,999
-
19,999
-
17,970
-
21,999
-
13,474
-
18,999
-
22,999
-
19,999
-
17,999
-
26,999
-
5,999