Just In
- 41 min ago Vivo T3x 5G Goes on Sale in India at 12 noon Today via Flipkart: Check Price, Specs, Offers
- 1 hr ago Microsoft Launches Phi-3, its Smallest Open-Source AI Model Yet!
- 6 hrs ago Apple Confirms Special Event for May 7: iPad Air, iPad Pro 2024 Models Expected
- 15 hrs ago Xiaomi Robot Vacuum Cleaner S10, Handheld Garment Steamer, and Redmi Buds 5A Launched in India
Don't Miss
- Movies LSD 2 Box Office Collection Day 6 Prediction: Dibakar Banerjee’s Film To Hold Steady; Inches Close To 90L Mark
- Sports ONE Friday Fights 60: Start Time, Card, Telecast & Live Streaming Details
- Education The TS Inter Manabadi Results 2024 will be Announced at 11:00 a.m. Today
- News EVMs-VVPAT Slips 100% Matching Plea: Supreme Court To Pronounce Verdict Today
- Finance Trade Setup: Mixed Results From HDFC Bank, RIL Stall Nifty Momentum; Global Economic Data In Focus
- Automobiles Hero Lectro Introduces Muv-e Electric Bike To Transform Delivery Services
- Lifestyle Anant Ambani-Radhika Merchant's Wedding Function Details Are Out, Check out Ambani Bahu-To-Be's Chic Fashion!
- Travel Kurnool's Hidden Gems: A Guide To Exploring India's Lesser-Known Treasures
Results announced by the telcos don't show a healthy growth: Rajan Mathews
COAI also announced the schedule of Indian Mobile Congress to be held in September 2017.
Cellular Operators' Association of India (COAI) Director General, Rajan S Mathews said that the recent results announced by the telecom companies are not an indication of a healthy growth of the sector.
"He said, "The recent results announced by the telecom companies are not an indication of a healthy growth of the sector. Immediate policy-level interventions are required to uplift the financial health of the sector and to ensure that we move in the right direction of pursuing our national goals.
"He also lauded the government's decision for setting up an inter-ministerial committee to look into the financial health of the sector, COAI urged the government to take concrete steps that will improve the situation.
Mathews also underlined the fact that the Reserve Bank of India (RBI) recently issued the advisory to all the banks to re-assess the debt bearing capability of the telecom sector.
Global smartphone shipments grew 11 % in Q1 2017
Mathews added, "On the occasion of World Telecommunication and Information Society Day today, COAI proudly announces the theme of Indian telecom industry for the year as "Telecom & Connectivity as tools for Accelerating Human Development in India" and by 2020, the contribution of mobile industry to the country's GDP will increase to 8.2 percent from the current 6.5 percent.
"It is also expected to generate four million direct and indirect jobs over the next five years. Globally, we will also have between 26 billion and 50 billion Internet-connected devices by 2020." he further added.
Meanwhile, COAI said that over Rs. 9,27,000 crores have been invested so far by telecom service providers in building world class telecom infrastructure. Adding that total internet subscribers in India are 261.31 million as per TRAI data.
COAI also announced the schedule of Indian Mobile Congress to be held in September 2017.
-
99,999
-
1,29,999
-
69,999
-
41,999
-
64,999
-
99,999
-
29,999
-
63,999
-
39,999
-
1,56,900
-
79,900
-
1,39,900
-
1,29,900
-
65,900
-
1,56,900
-
1,30,990
-
76,990
-
16,499
-
30,700
-
12,999
-
14,999
-
26,634
-
18,800
-
62,425
-
1,15,909
-
93,635
-
75,804
-
9,999
-
11,999
-
3,999