Telecom Sector Revenues for the Government Increases 89% in FY22
While the Indian government announced relief measures for the telcos in FY22, it also benefited from the free cash flow that Bharti Airtel and Reliance Jio were generating. The government’s revenue from the telecom sector jumped 89% to Rs 85,640 crore in FY22. This largely happened because of the pre-payments of deferred spectrum liabilities from Jio and Airtel. Compared to this, in FY21, the government’s revenue receipts showed an income... Read More
