Expert say, layoffs loom in telecom industry even after AGR, Coronavirus crisis
As per the telecom experts, the 40-day lockdown amid fatal and deadly coronavirus has become a boon for the telecom industry as work from home concept has surged the overall traffic for Indian telecom service providers. However, this boost will not compensate for the distress that the telecom sector has been facing due to intense competition, pricing pressures that culminated into weakened profitability and elevated debt levels and the adjusted gross revenue (AGR) dues, as per experts.
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