Stay updated with breaking news from Sector Head. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The capex levels are to remain elevated in the financial year (FY) 2024 for the expansion of the 5G network, according to the rating agency Icra, , earnings, growth, CAPEX spends, icra
Average length of stay stood at 3.6 days in FY23 and is expected to remain low because of faster patient throughput supported by technological advancements
The telecom services industry in India is expected to have moderate revenue growth of around 7-9% in FY2024 due to muted average revenue per user (ARPU) expansion and absence of tariff hikes, says the rating agency ICRA. The 5G rollout would see elevated capex levels to expand the network and deploy fibre, leading to high industry debt levels of circa Rs 6.1-6.2tn ($81.9-83.6bn) by March 2024. ICRA predicts industry Arpu to improve to Rs 182-185 for FY2024 from Rs 175 in FY2023.
The telecom services industry is expected to post moderate revenue growth of 7-9 per cent in FY 24, due to muted average revenue per user (ARPU) expansion in the absence of tariff hikes in the near-term, ICRA said. ICRA believes that the ongoing 5G roll-out entails densification of the network and sizable deployment of fibre, which is likely to increase the capex intensity in the near to medium term.
Icra: The capex levels of telecom firms will remain elevated as they expand 5G coverage and this would keep the debt levels of the industry high at around Rs 6.1-6.2 lakh crore as of March 2024.