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Indian telco sector faces potential bankruptcies and steep capex cutbacks to cope with October court decision

The Indian telecom sector is left in tatters following the Supreme Court’s verdict that supported the Department of Telecommunications (DoT) in a dispute with the telcos over how levies are calculated. Already ridden with massive revenue declines (Figure 1) and a collective debt of almost INR7,800B (US$110 billion), Indian telcos have little cash left for future investments including the upcoming …
Indian telco sector faces potential bankruptcies and steep capex cutbacks to cope with October court decision