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Thursday, December 29, 2011

Investment in telecom sector up by nearly Rs 50K cr in FY11

NEW DELHI: Despite several controversies like 2G spectrum scam, the telecom sector witnessed over 17 per cent increase in investment in 2010-11 over the previous financial year, says annual report of telecom regulator Trai.

The capital employed in the telecom sector increased to Rs 3,37,683 crore in 2010-11 from Rs 2,86,837 crore in 2009-10, according to Trai's annual report 2010-11.

The growth in subscriber base resulted in an increase in the gross revenue of telecom services as reported by the service providers for the year to Rs 1,71,719 crore during the year, a growth of 8.69 per cent from Rs 1,57,985 crore in the previous year.

Continuing its impressive growth in the subscriber base, the use base stood at 842.32 million, a 30.36 per cent growth from 621.28 million in the previous financial year.

The overall teledensity in the country registered an increase from 52.74 at the end of March 2010 to 70.89 at the end of March 2011.

The revenue contribution from the public sector telecom companies in 2010-11 was 20.37 per cent (previous year 24.82 per cent) and from private sector firms was 79.63 per cent (previous year 75.18 per cent).

However, capital employed of public sector companies decreased by 7.35 per cent in 2010-11.

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