ICRA estimates pricing upticks to drive 6% on-year growth in telecom sector revenue in FY20

The beleaguered telecoms industry is likely to recover its stride by way of a modest pricing increase in FY20, which in turn is slated to trigger some growth in sectoral revenue after three successive years of decline, rating agency, ICRA said.

“We expect minor improvements with (industry) revenues estimated to grow by 6% on-year and operating income or `Ebitda’ by 20% on-year in FY20, driven by benefits of higher data usage, and a relatively more consolidated and stabler industry structure, resulting in some pricing discipline,” Harsh Jagnani, sector head & VP, Corporate Ratings, ICRA, said in a media statement Monday