Increased Competition, Unabated Pricing Pressure, and Elevated Debt a Major Risk for Indian Telecom Industry: ICRA
The telecom industry in India has become an ultra-competitive one in the last eight months. Reinforced competitive intensity and pricing pressures have resulted in the telecom industry’s revenue and EBIDTA declining by an estimated 5 percent and 10 percent respectively during FY2017. The impact on the telecom industry’s financial health was visible in the second half of FY2017 post-Reliance Jio’s launch. Rating agency ICRA estimates the situation to remain weak... Read More
