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Trend for major telecom stocks is seen positive next week as they are seen making pullback after corrections in the past few sessions. Telecom stocks will also eye the likely meeting of the Telecom Commission, which is expected to take up the issue of spectrum usage charges Tuesday. The Telecom Regulatory Authority of India had recommended that the spectrum usage charge, which is currently in the range of 2-8%, should be kept at 3% of the companies' adjusted gross revenue per year. The Department of Telecommunications is currently deliberating the issue with the finance ministry.
Most of the telecom companies, including Bharti Airtel and Idea Cellular, have demanded that the charge be levied at flat 3%. Any change in the existing slab rate based charges to a flat one is expected to lead to big financial ramifications for the government resulting in possible decline in revenues, while it is seen positive for telecom companies.
Trend for major telecom stocks is seen positive next week as they are seen making pullback after corrections in the past few sessions. Telecom stocks will also eye the likely meeting of the Telecom Commission, which is expected to take up the issue of spectrum usage charges Tuesday. The Telecom Regulatory Authority of India had recommended that the spectrum usage charge, which is currently in the range of 2-8%, should be kept at 3% of the companies' adjusted gross revenue per year. The Department of Telecommunications is currently deliberating the issue with the finance ministry.
Most of the telecom companies, including Bharti Airtel and Idea Cellular, have demanded that the charge be levied at flat 3%. Any change in the existing slab rate based charges to a flat one is expected to lead to big financial ramifications for the government resulting in possible decline in revenues, while it is seen positive for telecom companies.
