Telecom majors' growth doubles in two years
While the total revenues of the six telecom companies have grown to $22 billion (Rs 90,700 crore) in 2006-07 from around $10 billion two years ago, the net profit of the companies, estimated at $4.4 billion (Rs 18,130 crore) in 2006-07, is up from $2.5 billion (Rs 10,300 crore) two years ago.
These nationwide operators account for over 90 per cent of the market. The increasing demand for mobile phones, a fall in the handset prices, a favorable revenue-sharing regime and a drastic reduction in technology costs besides infrastructure sharing and outsourcing, have fuelled the growth
