New govt has opportunity to bring changes in telecom: PwC

Following the BJP's landslide victory in the Lok Sabha election, global consultancy firm PwC

RELATED ARTICLES

has suggested three key areas in the telecom sector which the new government should look at in the first 100 days in office.

"The overall majority provides an opportunity to ring in some new tunes for the flagging telecom industry. Now there is a chance to inject fresh momentum into the sector. There are three areas that the new government will have to take up for consideration in the first 100 days," PwC India telecom leader Mohammad Chowdhury said.

As the rural penetration of mobile connectivity is well below 50%, the Narendra Modi government should take a fresh look at encouraging the industry to put more money into rural network expansion and to use up unutilised USO funds, he said.

Clarification of the merger and acquisition norms will facilitate more deals and fuel more investment, Chowdhury added.

Currency stability will help foreign investors and there is an opportunity now to treat all investors fairly and to show no tolerance to corruption, he added.

Though the domestic telcos lead in analytics and pricing, they lack the ingenuity and achievement when it comes to the innovation that could serve a nation that's still in need of better communication, he said.

India needs a new science and education policy that encourages innovation in the telecom space, besides technology and IT, Chowdhury added.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Indian-promoted global corporations must follow accounting best practices

    The international advisory board (IAB) of capital market regulator Securities and Exchange Board of India (Sebi) has suggested that separate governanc

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Cost of education must be controlled

In India, we pay very little attention to the cost ...

Rajgopal Nidamboor

Focus to keep your daily qualms at bay

Philosophers and scientists have, for long, compared the human brain ...

Gautam Gupta

What we can learn from the French fashion scene

It was a pleasure and a treat to experience one ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture