‘Telecom sector records Rs 41k cr dip in gross revenue’
The telecom sector’s gross revenue fell about Rs 41,000 crore in three years on account of a dip in mobile services rates, said Telecom Minister Ravi Shankar Prasad on Wednesday.
Gross revenue of the telecom sector in 2016-17 was Rs 2.65 lakh crore, which had reduced to Rs 2.46 lakh crore a year later and then to Rs 2.24 lakh crore in 2018-19, Prasad said in a written reply to a question in the Lok Sabha.
“Due to fierce competition in the telecom sector over the recent years, telecom service providers (TSPs) have revised their tariff downwards. As a result, gross revenue (GR) and adjusted gross revenue (AGR) of all TSPs have declined for last three financial years,” minister said.