TRAI Rs.8 Lakh Cr MEGA SCAM Rs.17,339 Cr Tax Loss FY18

Huawei_P9__1_

July09, 2017 (C) Ravinder Singh progressindia2015@gmail.com

 

Can you believe Quarterly Revenue of All Telcos including RJIO is just $6b which is same as $6b in Q3FY2009 or 8 years ago? [Most Equipment’s are imported in $]

Even as TELCOs debt more than doubled and finance by Banks including Refinancing or Debt Restructuring exceed Rs.5,00,000 Cr of Rs.8,00,000 Cr outstanding – Quarterly Adjusted Revenues are less than March2014 level.

With just 1.67% of Debt Monthly revenue– Telcos can’t serve debt. Government is losing Taxes also.

http://www.trai.gov.in/sites/default/files/Indicator%20Reports%20-%20Mar-14.pdf , http://www.trai.gov.in/sites/default/files/Indicator_Reports_050720174.pdf

Q.Mar.17 Adjusted Revenue – Rs.40,831 Cr down from Q.Sep2016 figure of Rs.50,539 Cr – Q.Mar14 figure was Rs.41,016 Cr to below March2014 figures.

 

Even more Shocking DOT has estimated Tax Contribution of Telecom sector to CRASH 37% in financial year 2017-18 to Rs.29,534 Cr. This translates to Rs.17,339 Cr Loss of estimated Tax Contribution by Telecom sector in FY18.

DoT recently asked the finance ministry to cut revenue estimates from the debt-laden sector by 37% Rs.29,524 crore for the financial year to year ending March 2018.

Telecom sector is Totally Corrupted in 3 Years.

 

http://www.trai.gov.in/sites/default/files/Report1apr09.pdf

What is So Scandalous is that AGR Rs.28,940 Cr in $ Terms Q3FY09 Was $6b, same as Rs.40,831 Cr or $6b for Q4FY17.

Ravinder Singh, Inventor & Consultant, INNOVATIVE TECHNOLOGIES AND PROJECTS

Y-77, Hauz Khas, ND -110016, India. Ph: 091- 9871056471, 9718280435, 9650421857

Ravinder Singh* is a WIPO awarded inventor specializing in Power, Transportation,

Smart Cities, Water, Energy Saving, Agriculture, Manufacturing, Technologies and Projects

Telecom Licence Fee Mopup Shrinks 9%

Trai says in March quarter AGR of sector fell 11%, reflecting rising financial stress

Licence fee collections from the telecom industry shrank by over 9% sequentially in the quarter ended March while adjusted gross revenue (AGR) of the sector fell 11%, the telecom regulator has said, reflecting rising financial stress of the industry.

The government collected Rs.3,361 crore in licence fee from telecom operators in the quarter ended March, down from Rs.3,698 crore in December quarter, Telecom Regulatory Authority of India (Trai) said in a report released on Wednesday. The AGR from telecom services has fallen by over 15% on-year, and 11% sequentially, to Rs.40,831 crore during the March quarter, while the monthly average revenue per user (ARPU) from GSM services dipped nearly 21% on-quarter to Rs.83, according the sector performance numbers issued by Trai.

Telcos pay roughly 8% of AGR as licence fee and another 3% as spectrum usage charges (SUC), which are the two key avenues of government earnings from the telecom industry. Access services contributed over 77% of the telecom industry AGR, Trai report said.

The fall in the financials reflect the brutal impact of Reliance Jio Infocomm’s entry.

Back in April, the telecom department (DoT) had flagged a sharp fall in licence fee collections in the fiscal fourth quarter ended March, citing the debilitating impact of Jio’s promotional free voice and data services. DoT recently asked the finance ministry to cut revenue estimates from the debt-laden sector by 37% Rs.29,524 crore for the financial year to year ending March 2018.

The Trai report comes at a time when an inter-ministerial panel is examining the financial stress in the sector that is reeling under a massive debt.

Banks have put total debt of the telecom services sector at around Rs.8 lakh crore, including loans from Indian banks, overseas borrowings, and annual instalments for spectrum bought in auctions over the past few years, and have, accordingly, raised concerns about default. To alleviate stress, incumbent telcos have sought lower licence fee as well as lower spectrum usage charges (SUC). They have also called for higher inter-connect charges (IUC) –which a telco pays to another on whose network a call terminates -besides setting a floor for voice rates.

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