NEW DELHI: With rock-bottom tariffs and spiralling business expenses, the profit margins of domestic telecom players is expected to remain under pressure in the coming months, feel marketmen.
"Tariff wars and heightened cost of doing business have taken a toll on the telecom sector. As we expect tariff wars to re-emerge and competition to intensify in the medium term, it is believed that margins will remain under pressure," a research report by Edelweiss Capital said.
Telecom companies profit low-ET
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