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Union Budget 2024-25: Here are the key challenges in the telecom sector | Economy & Policy News

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Union Budget 2024-25: Here are the key challenges in the telecom sector | Economy & Policy News

1 min read Last Updated : Jul 11 2024 | 11:09 PM IST


Key challenges

 


 Costly spectrum auctions are straining financial resources of operators

 


 Sector experiencing financial stress due to debt burdens and low average revenue per user 

 


 Lack of adequate infrastructure in rural areas are hindering connectivity goals

 


 Substantial investments are required to protect networks and consumer data amid rising cyber threats


Industry ask


Reasonable pricing for spectrum auctions needed 

 


Incentives for digital literacy and affordable internet access are crucial for achieving universal connectivity

 


Seeks rationalisation of GST rates on telecom services and equipment, and a review of import duties

 


Incentives for R&D in technologies and indigenous equipment development can further boost innovation and help India become a global leader in telecom technology


Industry stands at a critical juncture. Addressing the need for strategic reforms that prioritise infra, spectrum management, along with regulatory simplification, will bolster connectivity across urban and rural India

 


 Vinish Bawa, Partner and Leader Telecom Sector, PwC India    

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First Published: Jul 11 2024 | 11:07 PM IST

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