The Ministry of Communications on 12 January, 2022 has issued Frequently Asked Questions (FAQs) on Telecom Reforms Package announced on 15th September 2021. The Government’s reforms and support in times of such pandemic aims to help companies to sustain their business.
It will also stop a scenario where there are very few players in the market. Such potential lack of competition could lead to higher prices & poor services. Enough competition in the market safeguards the interests of the common man. With conversion of liabilities into equity/preference shares, the sector has got back the ability to invest and provide better services. Companies also retain the ability to invest so that telecom services can reach far-flung areas.
