Telecom industry to witness healthy revenue growth in FY23

Tariff hikes as well as continued increase in data usage is expected to accelerate telecom industry’s revenue growth in FY23.

The sector has been saddled with debt due to complications such as the ‘Adjusted Gross Revenue’ (AGR) case verdict, which brought in a huge immediate liability on the books of telecom operators.

While the pandemic had a bad influence on the other sectors, surprisingly, it turned out to be a boon for the telecom sector as corporates were dependent on telecom operators for the smooth running of their operations, Brickwork Ratings (BWR) said in a report.

This eventually helped in steady growth in the sectors’ key metrics such as the ‘ARPU’ and ‘MOU’.

According to the report, the difficult situation for the sector may ease in future as tariff hikes and a continued increase in data usage to result in increased revenue by 6-8 per cent in FY22.

0

0