On Monday, this newspaper published an interview with Sunil Bharti Mittal, boss of India’s second-largest telecom company. Mittal said that the disruption caused by the entry of Reliance Jio<\/a> with zero or near-zero call charges will inevitably lead to incumbents like Bharti, Vodafone-Idea and others to accumulate a pile of bad debt. He claimed since Jio’s commercial launch on September 5, 2016, other telecom companies have had to write off an astronomical $50 billion off their books due to the former’s aggressive tactics.
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\nAccountants can quibble over the exact number, but Jio’s entry has forced many changes in India’s bustling, low-cost telecom market: the merger of Vodafone with Idea to create a company larger than Bharti, the ongoing demise of smaller players. Consolidation will not be painless, as Mittal points out. More worrisome is the very likely possibility that this upheaval will leave Indian lenders, already under tremendous stress, with another massive pile of soured debt.
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\nYet, consumers have seen local data costs, among the highest in the world earlier, plummet after Jio’s entry. Voice is unlikely to remain a major revenue generator in future as most technologies move towards packet data of the sort that allows WhatsApp users, say, to call for free. Policymakers will have to act to minimise the pain of transition, while reaping potentially faster economic growth and superior tax collections from an increasingly networked economy that reaps the rich benefits of a thriving digital economy.
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It should begin by scrapping high revenue shares in lieu of licence fees and spectrum<\/a> charges that account for the largest share of telcos’ payments to government. India now auctions spectrum, so there is no need to continue with these legacy duties from a time when spectrum was assigned bundled with a licence for a nominal fee. The elimination of these charges will immediately restore some financial health to the sector. After that, we hope, competition will encourage players to innovate without imposing higher costs on users.
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垃圾高收益股票,自由频谱的遗物

自2016年9月5日,发射Jio商业,其他电信公司不得不注销一个天文500亿美元账面由于前咄咄逼人的策略。

等局

更新于2017年11月28日09:41点坚持

周一,本刊发表的采访苏尼尔•巴帝乐动扑克•米塔尔,印度第二大电信公司的老板。米塔尔说的进入造成的破坏依赖Jio为零或接近于零的电话费用将不可避免地导致现有像Bharti Vodafone-Idea和其他人积累一堆坏账。他声称自从Jio商业发射9月5日,2016年,其他电信公司不得不注销一个天文500亿美元账面由于前咄咄逼人的策略。

会计师推托确切数字,但Jio条目已迫使许多变化在印度熙熙攘攘的,低成本的电信市场:沃达丰与创建一个公司的合并大于Bharti,不断消亡的小球员。整合不是没有代价的,因为米塔尔指出。更令人担忧的是可能的可能,这种剧变将离开印度银行,已经承受着巨大的压力,与另一大堆的不良债务。

然而,消费者看到本地数据成本,在世界上最高的早些时候,暴跌之后Jio的条目。声音不太可能在未来仍然是一个主要的收入来源大多数技术走向的分组数据,允许WhatsApp用户,免费电话。决策者将不得不采取行动减少过渡的痛苦,而收获可能更快的经济增长和日益网络化经济优越的税收,收获丰富的一个蓬勃发展的数字经济的好处。

它首先应该取消高收入代替牌照费和股票光谱指控占最大的份额电信公司支付给政府。印度现在拍卖的频谱,因此没有必要继续这些遗留职责时频谱分配与许可证绑定了一个名义上的费用。消除这些指控将立即恢复一些财务健康部门。之后,我们希望,竞争将创新鼓励球员没有将更高的成本强加给用户。