Jio led to fall in profitability of incumbent telcos: Eco Survey

The share of the telecom sector in the non-performing assets has now increased

Kiran Rathee  |  New Delhi 

The entry of Reliance Jio on September 5 last year has forced incumbent telecom firms to cut voice and data tariffs and the stiff competition, price war and reduced revenue has trapped telecom into a highly leveraged sector, part two of the Economic Survey for 2016-17 said. The survey also said it's worrying that the share of the telecom sector in non-performing assets (NPAs) has now increased. "Though the total NPAs of telecom sector in public sector banks has fallen to Rs 2,335 crore in 2016-17 from Rs 3,456 crore in 2015-16, the share of NPAs of infrastructure ...

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