Telcos' operating profit to jump 15% to Rs 1.2 lakh crore in FY24: Crisil
Monday, 28 August 2023
Demand for bigger data packs amid surging consumption will be the key reason for the FY24 profit growth in an industry which has witnessed massive difficulties in the last few years, since the entry of the deep-pocketed Reliance Jio. The telecom companies may spend Rs 90,000 crore this fiscal to beef up network infrastructure in FY24 as against Rs 80,000 crore in the year-ago period.
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