Telecom Infra revenue potential may touch Rs 31,000 cr by 2023: Study

Indian telecom infrastructure’s revenue potential is expected to reach Rs 21,500-Rs 31,000 crore by 2023, as latest information technology developments are driving demand for new business models, an EY study released on Friday evening said.

However, in order to catch up with the revenue potential the sector will need investment in the range of Rs 66,000- 93,000 crore, the study said.

“Tower cos today are well placed to tap in on new opportunities that represent a revenue potential of Rs 215 billion- Rs 310 billion by 2023. With the high momentum from tower cos, and government’s push on infrastructure growth, the future is promising for the telecom infrastructure sector,” Prashant Singhal, Emerging Markets TMT Leader, EY said.