Telecom reforms no game changer, tariff hike must
The Hindu
“The current reforms only address the liquidity stress in the sector and does not solve the elevated leverage levels in the sector with the crisis being postponed to FY26-27”
Though the telecom reforms approved by the Cabinet will benefit all telcos in the near term, especially in helping Vodafone Idea stay afloat, analysts do not see these to be a ‘game changer’ that would materially improve the health of the industry. They insist that sustainability of the sector is still predicated on tariff revivals.
“The current reforms only address the liquidity stress in the sector and does not solve the elevated leverage levels in the sector with the crisis being postponed to FY26-27,” JM Financial said in a report. “Sustainability of the sector is still predicated on tariff revivals.”
Likewise, BofA added these reforms remove the temporary stress as it frees near-term cash flows but are not a game changer that would materially improve the health of the industry. “A lack of tariff hike is disappointing,” it added.
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