If one were to divide the history of the telecom sector according to its landmark moments, the 1999 New Telecom Policy, the 2012 Supreme Court verdict in the 2G case, and the 2016 entry of Jio would stand out. Now, there’s another big trend underway that has the potential to change the face of telecom forever.
The makeover of pure-play telecom service providers into digital companies is here. At the center of this shift is the ongoing fight between telcos and OTT (over-the-top) players, the largely untapped potential of digital services in India, and the huge valuation upside of becoming a digital player.
All leading telcos have taken the plunge. Each is taking a different path to tap the trillion-dollar opportunity. As per the Ministry of Electronics & IT estimates, half the potential $1 trillion value in 2025 will come from digital ecosystems such as financial services, agriculture, healthcare, logistics, jobs/skills market and e-governance. “With the need for digitalization across industries growing rapidly, the telecom sector had to move from being a network provider to one that offers customised digital services,” says Karthikeyan Natarajan, President and COO at tech solutions firm Cyient.
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