No revenue growth for incumbent telcos in FY18

CRISIL Research estimates revenue growth for the sector to come down by half

The cut in interconnect usage charge (IUC) to 6 paise per minute is a Rs 3,500 crore bonanza for the Mukesh Ambani-promoted Reliance Jio, estimate industry experts.
 
The newest entrant in the telecom space is the largest beneficiary of the decision by the Telecom Regulatory Authority of India (TRAI) to cut the IUC by 57 per cent from 14 paise per minute for mobile to mobile calls.
 
Given that Reliance Jio has already sunk in Rs 2 lakh crore in its telecom foray, it would have taken a few years for the company to make money. This move