The declining sales revenue of the telecom players will have an adverse impact on government revenue collection in the form of spectrum usage charges and licence fee in the current financial year, parliament was informed recently.
"Telecom Industry including state-owned telecom PSUs and major banks have apprised the government about the financial stress in the telecom industry. The telecom sector witnessed a sharp decline in revenues in second half of financial year 2016-17," Communications Minister Manoj Sinha informed the Lok Sabha in a written reply.
"The revenue decline in the second half of financial year 2016-17 was mainly concentrated in the last quarter of the year. The declining tariff in the sector led to an adverse impact on revenue," he added.