Growth in Telecom slows by 2.5 pc

PRESS TRUST OF INDIA

Bangalore, July 13: The telecom services industry posted a meagre growth rate of 2.5 per cent in revenues at Rs 1,59,510 crore in 2009-10 due to intense domestic tariff war, says a survey by telecom industry journal Voice & Data.
 The industry had seen a robust growth of 20 per cent in revenues at Rs 1,55,683 crore in 2008-09.
 The survey said these telecom services revenue include revenue from cellular, fixed line, National Long Distance, International Long Distance, broadband, VSAT and Radio Trunking businesses.
 Intense tariff war caused the steep fall and overall slowdown in performance across segments, including cellular services that have been leading the telecom services sector growth in the past several years, Voice & Data said in a statement.
 Despite a near 50 per cent subscriber growth, the mobile services segment grew a meagre 3.6 per cent to Rs 96,860 crore from Rs 93,522 crore.

Lastupdate on : Tue, 13 Jul 2010 21:30:00 Makkah time
Lastupdate on : Tue, 13 Jul 2010 18:30:00 GMT
Lastupdate on : Wed, 14 Jul 2010 00:00:00 IST



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