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Telcos, thought to be virus-proof, face delay in floor price decision
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About two weeks ago, it had seemed like telecom companies were among a rare set of firms that will be immune to any impact from the spread of covid-19.
If anything, earnings were expected to rise, as tariffs had been raised in December, and it seemed like a floor price for data services would be introduced soon.
But now, things don’t look as hunky-dory. Telcos have had to extend the validity of prepaid customers owing to the lockdown, although the impact is likely to be limited.
More importantly, the expected increase in tariffs for data services is likely to be delayed. After all, which government would want to be seen as seen as increasing costs for customers through a regulatory fiat at a time when the economy is headed for a major
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COVID-19
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