Debt burden of Indian telecom sector to rise as operators get into bruising tariff war- ASSOCHAM/KPMG study
Even as the telecom industry finds itself in a tariff war with entry of a major player, an ASSOCHAM-KPMG paper has pointed towards the operators grappling with a huge debt burden of Rs 3.80 lakh crore, reinforcing a case for rationalisation of taxes and other levies along with spectrum charges. The telecom operators have an accumulated debt of around INR 3.8 lakh crore. An additional customs duty of 10 per cent... Read More
