Telcos' revenue may grow 7%, network capex capped at Rs 90 k-cr in FY20

According to telecom regulator Trai's latest data, gross revenue (GR) and adjusted gross revenue (AGR) of the telecom service providers have been on the decline, barring few exceptions

The telecom sector may reverse the revenue declining trend that it has seen in the past two years by recording 7 per cent growth this fiscal, with tariff war stabilising and subscribers spend likely to go up due to minimum recharge plans, Crisil said Tuesday.

The market research and credit rating agency also expects network capital expenditure (capex) for the top-three telcom operators to moderate to Rs 84,000-90,000 crore in 2019-20, compared with Rs 1 trillion in 2018-19.

"The Indian telecom industry will reverse a two-year declining trend with a 7 per cent revenue growth in fiscal 2020. The turnaround will ride