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Telecom industry badly hit by this budget   Vote_lcap68%Telecom industry badly hit by this budget   Vote_rcap 68% [ 178 ]
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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Telecom industry badly hit by this budget

Telecom industry badly hit by this budget

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stockboy


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
telecom industry is badly hit by this budget proposal of cancelled the 25% of telecommunication levy on prepaid charged from the subscribes and same tax on prepaid will charge from telecom operators. currently 90% of  cellular subscribers are   using prepaid and TRCSL is  collection tax of 25 billion from prepaid annually. if this tax charged from industry that is huge burden to industry . Dialog should have to pay more  than 11 billion on this prepaid tax . and dialog should have to pay supper tax also and further billion on dialog tv   if this decision is not revisited by the GOVT  dialog share price  will come down Rs 7.

Vptilak


Manager - Equity Analytics
Manager - Equity Analytics
@stockboy wrote:telecom industry is badly hit by this budget proposal of cancelled the 25% of telecommunication levy on prepaid charged from the subscribes and same tax on prepaid will charge from telecom operators. currently 90% of  cellular subscribers are   using prepaid and TRCSL is  collection tax of 25 billion from prepaid annually. if this tax charged from industry that is huge burden to industry . Dialog should have to pay more  than 11 billion on this prepaid tax . and dialog should have to pay supper tax also and further billion on dialog tv   if this decision is not revisited by the GOVT  dialog share price  will come down Rs 7.

If Dial come down to Rs. 10, I buy one million shares

EquityChamp

EquityChamp
Moderator
Moderator
These are proposals and there will be discussions to amendments. Further if all industry can come together, the prepaid issue can be sorted through a price adjustment.

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