COAI urges new government to ease telecom sector’s financial woes, review spectrum prices

NEW DELHI: The new government should take urgent steps to ease the financial burden on the stressed telecom sector, slash overall levies to an ideal 4-5 per cent and review spectrum prices to make it affordable ahead of the crucial 5G rollout, industry body COAI said.

Prime Minister Narendra Modi has led Bharatiya Janata Party (BJP) to a landslide victory for a second term in office, while the Congress suffered a serious setback in the Lok Sabha polls.

The new government, which is set to be formed in the next few days, will present the full Budget for 2019-20, and the mobile operators’ association is hoping that some of its long-pending demands will be taken up in the coming months.