COAI seeks implementation of new telecom policy from the next govt

Cellular Operators Association of India (COAI), an industry body representing telecom companies, has sought implementation of the National Digital Communications Policy 2018 from the new government. The policy approved by the Cabinet in September last year aims to attract $100 billion investment and create 4 million jobs in the sector by 2022.

It also proposes to rationalise levies such as spectrum charges to rejuvenate debt-ridden telecom sector. The proposed new telecom policy seeks to provide broadband access to all with 50 megabit per second speed 5G services.

COAI said that revenue continues to remain under pressure for the industry saddled with high debt, and for most players the earnings before interest, tax, depreciation and amortization or EBITDA generated was not sufficient to meet the interest expenses.