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Trai move hits DoT revenues - Views on News from Equitymaster
 
 
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  • Aug 18, 1999

    Trai move hits DoT revenues

    The move by Telecom Regulatory Authority of India (Trai) to rationalise existing telecom tariff structure has hit the revenues of the Department of Telecommunications. According to newspaper reports, the DoT is likely to witness a shortfall of Rs 20 bn in the current fiscal year as fallout of the Trai's move.

    In a ruling earlier this year, the Trai had rationalised tariff rates for telecom services. This was expected to lead to a jump in volume of traffic and partially negate the effect of lower price realisations. However, as correctly anticipated and objected by the DoT, the jump in volumes has failed to occur.

    The DoT, which had projected borrowings of Rs 7.2 bn to meet the planned expenditure for the current fiscal, will now be raising approximately Rs 29 bn from the markets. This will lead to a substantial jump in interest costs for DoT.

    Despite this price rationalisation, telecom rates in Indian continue to be higher than in most developed markets. Therefore, telecom rates can be expected to follow the downward trend in the long term and telecom companies, including the DoT, should adequately gear up to meet such a scenario.

     

     

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