ENA Sectors 2023-08-17 16:45:23 <p><span style="font-size:14px"><strong>New Delhi, Aug 17 (KNN)</strong> The telecom services sector is projected to achieve a moderate revenue increase of 7-9 per cent in the fiscal year 2024, Rating agency ICRA said.</span></p> <p><span style="font-size:14px">The growth is attributed to subdued growth in average revenue per user (ARPU) due to the absence of imminent tariff hikes.</span></p> <p><span style="font-size:14px"><strong><a href="https://bit.ly/3B9mZSj"><img alt="FOLLOW US on GOOGLE NEWS" src="https://knnindia.co.in//uploads/gallery/GoogleNews.jpg" style="border-style:solid; border-width:1px; height:95px; margin:1px; width:299px" /></a></strong></span></p> <p><span style="font-size:14px">ICRA suggests that the current implementation of 5G will involve densifying the network and significantly expanding fiber deployment. This is expected to lead to a rise in capital expenditure (capex) intensity in the short to medium run.</span></p> <p><span style="font-size:14px">This would keep debt levels elevated at around Rs 6.1-6.2 lakh crore as on March 2024 (as against Rs 6.3 lakh crore as on March 31, 2023), it said.</span></p> <p><span style="font-size:14px"> ICRA expects the telecom services industry to report moderate revenue growth of around 7-9 per cent in FY2024 over FY2023, owing to muted average revenue per user (ARPU) expansion in the absence of tariff hikes in the near-term, ICRA said in a release. <em><strong>(KNN Bureau)</strong></em></span></p> 34475 https://knnindia.co.in/news/newsdetails/sectors/telecom-industry-forecasts-7-9-revenue-growth-in-fy-2024 2023-08-17 16:45:23 knnindia.co.in