New telecom policy to bring down costs, rationalise tax structure for telcos: Fitch Ratings
Updated : September 28, 2018 11:17 AM IST
The new telecom policy - national digital communication policy (NDCP) - ensures broadband access to all with 50 Mbps speed and 5G services, among other services.
Fitch said that the policy's plan to expand the broadband coverage funded by the universal service obligation fund and in partnership with private telcos will help in supporting the growth of the private telecom companies.
Fitch expects price competition to ease in the medium term following the emergence of three large telcos - Bharti, Reliance Jio and the merged entity of Vodafone-Idea.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more