At last the Finance Ministry is listening to Telecom operators woes. It is reliably learnt that Telecom will be treated at par with core infrastucture like Power and Roads in the upcoming budget on Feb-28th. The significance of this will be Telecos will get a 10 year 100% tax exemption which will enable them to upgrade and invest in remote areas. The government is already being compensated for loss of revenuse by means of service taxes from consumers. Zero tax for Telcos/Cellcos means more investments in next generation technologies. Get ready to watch the next cricket match on your cell phone – true convergence atlast.
Convergence.In Broadband.Out