Ahmedabad: The demand for telecom services in Gujarat may help telecom players discard the weak economic cues on the national and global front.Gujarat leads growth in revenue as compared to other states that fall into Circle A.
For Q1 of FY2013-14,Gujarat has posted a revenue growth rate of 10.29% while Maharashtra has posted 6.04%,Andhra Pradesh has reported 5.29%,Karnataka registered 10.16% and Tamil Nadu witnessed a growth rate of 9.79% for the period under review.
Telcos have posted revenues of Rs 2,350.86 crore in Q1 of 2013-14 as against Rs 2,131.43 crore in the corresponding period last year,a rise of 10.13%.
Telcos seem to have absorbed the shocks of the financial crunch and bounced back with more power this year.Telecom companies in Gujarat had posted only a 3.57% rise in gross revenue in Q1 of 2012-13 as compared to Q1 of 2011-12.
Call rates have increased,discounts have been rolled back and only some new players are offering extra talk time now.As a lot of telecom players had to shut down operations in some states and circles and are preparing to get new licenses.All these factors may have pushed them to expand in and focus on states like Gujarat that are fetching them better revenues, a telecom player said.
Gujarat has also added an impressive amount of new customers in the review period.Over the past few years,Gujarat has witnessed a significant growth in both 2G and 3G services usage, said Brajesh Bajpai, Business Head-Gujarat,Vodafone India.
Overall,Gujarats telecom story has undergone a sea change in the last five years with telecom companies in the state posting 77% growth in gross revenues in the past five years.
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