TC approves net neutrality norms, new telecom policy

TC approves net neutrality norms, new telecom policy

By / Business News / Thursday, 12 July 2018 07:55

New Delhi
The Telecom Commission on (TC) Wednesday cleared the National Digital Communications Policy 2018 (telecom policy) along with recommendations of telecom regulator TRAI on net neutrality. The new policy, which is aimed at creating new jobs and getting investments of more than $100 billion into India by 2022, will now be taken to the Union Cabinet for final approval.

The new telecom policy not only promises to rationalise levies, including spectrum charges to rejuvenate the debt-ridden telecom sector, but also proposes to give broadband access to all with 50 mbps speed, 5G services and create 40 lakh new jobs in the sector by 2022.

The policy also aims to attract $100 billion in the digital communications sector by 2022 with the help of regulatory reforms and enhance the contribution of digital communications to 8% of the country’s GDP from around 6% in 2017.

The new policy formulation comes at a time when the sector is confronting financial difficulties, with debt of nearly Rs 8 lakh crore. Revenue and profitability of operators have come under severe pressure amid cut- throat competition, which has led to rapid consolidation through the mergers, acquisitions and exits in the sector.

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Hum Hindustani

Hum Hindustani

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