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DoT asks FinMin to slash telecom revenue target by 40%

DoT had earlier projected a FY18 revenue target of Rs 46,351 crore

Kiran Rathee  |  New Delhi 

The financial stress in the telecom industry is set to reflect in the revenues flowing into the government exchequer during the current financial year (FY2017-18). The Department of Telecommunications (DoT) has expressed its inability to meet its revenue target of Rs 47,305 crore for FY18 and has asked the finance ministry to revise the projection to Rs 29,524 crore — almost a 40 per cent fall. In a letter to the finance ministry, reviewed by Business Standard, the DoT has said given the severe financial stress in the telecom sector and rapidly declining revenues of all ...

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First Published: Mon, June 19 2017. 02:14 IST