Telecom stocks are in focus as the market fears that the Telecom Regulatory Authority of India (TRAI) is actively considering a proposal to phase out interconnect usage charge (IUC). Vodafone group CEO Vittorio Colao has written a letter to the department of telecom saying, "We are seriously alarmed to see reports that the regulator is considering a reduction in MTC at a time when the industry is facing such immense hardships. The existing rate of 14 paisa is already below cost". In an interview to CNBC-TV18, Naveen Kulkarni, Co-Head of Research at PhillipCapital shared his readings and outlook on the same.
first published: Aug 28, 2017 11:21 am
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