Telecom sector fundamentals improved in March quarter: Report

Mumbai: Fundamentals of the country’s telecom sector improved in the March quarter on the back of price hikes in December, ability among telcos to reduce the churn of customers and more subscribers opting for 4G, according to a report. India Ratings and Research on Wednesday also said that it believes the COVID-19 related lockdown has provided another strong fillip to the ongoing trend of 2G and 3G customers for telcos transitioning to 4G, driven by the needs of higher data download speed and limits.

It can be noted that the aggressive play by Reliance Jio since its 2016 entry into the market has left a deep impact on the telecom sector resulting in heavy losses being reported by companies and some market exits.

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