Replying to a query on whether India needs to take a position on Huawei also, Sharma said that this was a larger question and the government will have to take a call.
The Group revenues stood at about 43.7 billion euros (about $49 billion), the statement added.
Mobile operators' association COAI has approached the Department of Telecom (DoT) saying sale of such illegal items not only violates norms but also hampers service quality for subscribers.
Sources said that 932 BTSs (base stations for mobile communication) have been made operational by Airtel, Vodafone and Reliance Jio.
The Telecom Regulatory Authority of India, which had earlier warned of action against operators found to be flouting the new tariff order and regulatory regime, said that audits in this regard will begin soon.
NSC discussions are only attended by senior ministers and security officials who first sign the Official Secrets Act that commits them to keep conversations private or risk prosecution.
BSNL provides FTTH service with a monthly charge in the range of Rs 777-16,999 in over 160 telecom districts with a minimum speed of 2 megabit per second (mbps).
Reliance, once dependent on its industrial businesses, reshaped the Indian telecoms industry when it launched its Jio telecoms unit in 2016, taking on rivals such as Bharti Airtel and Vodafone Idea with its cut-throat pricing.
ICRA noted that 100 percent of Reliance Jio's subscribers are broadband subscribers, while the same ratio for Vodafone-Idea stood at 27 percent and for Bharti at 32 percent.
He asserted that there is no proposal for lay-offs, and opting for VRS, too, would be purely at the discretion of employees who are eligible for it.
OTT services refer to applications and services that are accessible over the Internet and ride on an operator's network. Skype, Viber, WhatsApp and Hike are some of the popular and widely-used OTT services.
The comment assumes significance as loss-making telecom PSUs MTNL and BSNL are saddled with massive debt and have faced problems in clearing staff salaries in the recent past.
Both Reliance Jio and BSNL jointly added a net of 86.39 lakh mobile subscribers but the rest of the telecom operators jointly lost a net of 69.93 lakh wireless customers with Vodafone Idea losing the biggest chunk of mobile connections.
MTNL Chairman and Managing Director P K Purwar told that the company will be able to pay April wages totalling about Rs 200 crore from internal accruals and its existing cash balance.
Net Sales are expected to increase by 67.6 percent Q-o-Q (up 6.3 percent Y-o-Y) to Rs. 1,418.6 crore, according to ICICI Direct.
"Neither the Bharatiya Janata Party (BJP) nor Indian National Congress (INC) are pledging significant policy reform in the telecom sector, which will continue to suffer from depressed earnings and elevated debt levels in the near term.
Balesh Sharma said a market with three strong players almost equal to each other "is an ideal place to be" as "they all want to become bigger and are fighting with each other."
Besides Jio, the DoT has also received a clutch of other applications including those from Ortus Communications, Station Satcom and Cloud Cast Digital,
Japan is lagging other countries such as South Korea and the United States that have already begun rolling out 5G services.
BSNL was nominated for a rural connectivity initiative in villages along the China border in Arunachal Pradesh and Assam, but the project could not take off
The board is likely to take a final decision after the Lok Sabha elections.
Hyper-wired South Korea has long had a reputation for technical prowess, and Seoul has made the 5G rollout a priority as it seeks to stimulate stuttering economic growth.
The regulator has asked BARC India to explain, by April 5, why action should not be taken against it for contravention of sections of the TRAI Act.
The clarification came after the Telecom Regulatory Authority of India wrote to Independent TV asking it to justify its current tariff plans in the backdrop of the sector's regulatory framework.
The Digital Communication Commission, apex decision making body at the Department of Telecom, has sought view of TRAI on demand of spectrum from both the PSUs.