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India Business News: Bharti Airtel reports a 54% increase in consolidated net profit to Rs 2,442 crore in Q3 2022, driven by growth in high-value customers and a tariff hike. Read more on Indian News.
The Department of Telecommunications (DoT) has firmed up its vision for 2047 and policies will be framed to meet the following targets it has set, according to people in the know. The government has been formulating policies to achieve its objectives for 2047.
The mop-up is likely to be made possible due to improving financial health of the telecom sector, leading to rise in licence fee and spectrum charges, while a good quantum of money will come from state-run Bharat Sanchar Nigam (BSNL) for its 5G spectrum payment. The company never participates in auctions but always pays a market-determined price for its spectrum needs.
ISLAMABAD: The Federal Board of Revenue (FBR) has launched single sales tax return (tax period of January 2024) for...
The government is expected to achieve its revenue target of ₹1.2 lakh crore from the telecom sector in the next financial year, even without a major spectrum auction. The increasing financial health of the telecom sector, resulting in higher licence fees and spectrum charges, along with significant payments from state-run Bharat Sanchar Nigam (BSNL) for its 5G spectrum, is anticipated to contribute to the revenue goal. While a spectrum auction is planned, the response is predicted to be subdued as operators acquired sufficient airwaves in the August 2022 sale to meet their 5G requirements.