The Indian Union Cabinet (“Cabinet”), aiming to protect and generate employment opportunities, promote healthy competition, protect consumer interests, infuse liquidity, encourage investment, and reduce regulatory burden on Telecom Service Providers (“TSPs”), has approved several structural and procedural reforms (“Reforms”) in the Telecom sector on September 15, 2021. The Reforms will most likely lead to an inflow of investment into the sector thereby offering a welcome relief to the TSPs that are struggling under staggering amounts of debt pursuant to the lengthy legal battle with the Supreme Court siding with the government’s view of Adjusted Gross Revenue.
The Reforms have also been announced to support the vision of a robust network technology for the wide deployment of 4G & 5G technology to connect all regions of India. This vital connect will, hopefully, prompt all users nationwide to choose the indigenously developed technology, creating an enabling environment for investment in 5G networks.
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