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.