The year 2023 is expected to be one of the peak investment years for telcos as they set up infrastructure for their 5G services across the country. While Vodafone Idea is yet to announce its 5G play, both Bharti Airtel and Reliance Jio began the phased rollout of their 5G services late last year.
The year 2023 is expected to be one of the peak investment years for telcos as they set up infrastructure for their 5G services across the country. While Vodafone Idea is yet to announce its 5G play, both Bharti Airtel and Reliance Jio began the phased rollout of their 5G services late last year. This means high spending on network infrastructure in addition to the annual spectrum cost. Telcos are likely to look at improving their top-line through tariff hikes for 2G and 4G prepaid services.
Exemption from USOF contribution of 5% of AGR till the existing USO corpus is exhausted
Reduction in license fee from 3% of AGR to 1% of AGR
Clarification of the term 'telecom activities' while calculating Gross Revenue
Tax S.P. Kochhar, Director General, COAI says:
"Considering the financial health of the industry and the huge investments underway to fulfill our goal of a digitally connected India in line with the National Broadband Mission, relaxation in import duties will go a long way in helping us to realize our dream of an ‘Atmanirbhar Bharat."
