Telecom Sector Revenues will reach Rs 600 billion at the end of June 2015
Telecom Sector Revenues will reach Rs 600 billion in the current financial year 2014-2015, which is likely to end this June 2015. Surveys revealed that according to ITU’s World Telecommunication Database Statistics and Databases the increase of broadband internet penetration is 1%. Also the release of 3G and 4G Networks, the telecom industry is boosted. During the first half of the financial year 2014-2015 the increase of revenue is almost 299 billion rupees, which is likely to increase in the next half.
Now that along with the Zong, Ufone and Telenor, Mobilink and Warid has also launched 3G and 4G Networks, the revenue building is increased to a much greater proportion. This will likely to increase the revenues to more than 600 billion rupees; the survey reports.
[pull_quote_center]The Survey forecasted that revenues are expected to further increase in the coming years as more subscribers are added into the 3G and 4G LTE fraternity, generating more data revenues of telecom industry.[/pull_quote_center]
The investment of the telecom industry is not that much but the revenues they are earning are far more than the investments. The estimated incremented revenue amount of 600 billion rupees is 100 billion rupees more than that of the previous financial year 2013-2014.
The analysts analyzed that this not only contributes good towards the telecom industry, but also towards the government in enhancing its revenues. Thus making a ground for government in returning its debts and moving ahead in the development of the other sectors as well. They added that:
[pull_quote_center]The controlled taxes and availability of handsets could enhance the possibility of increasing adaptation of the new technology by the customers, whereas the government should reduce the taxes on telephony along with broadband service and mobile handsets to allow technology role stronger in economic growth.[/pull_quote_center]
Telecom Sector assumptions for FY 2014-2015: Telecom sector to attract $1 billion FDI in FY15