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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Multinational Companies have already express their concern

Multinational Companies have already express their concern

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nalban


Manager - Equity Analytics
Manager - Equity Analytics
I am from the Telco industry, Truth is as follows,

1. All telecos in the world going througha hard time due to IDD, Voice and sms revenue decline due to Skype, Whatsapp, Viber  app etc  (I could provide the source if needed)

2. It is said 3 out 5 will survive by 2016 unless they find new sources of revenues

3. In Europe this has already happened but they are managing due to high data rates .

4. In SL data rates are lowest hence not enough to  compensate the losses due to 1

5. Companies like Dialog are further affected in 3 ways due to budget, Tax, reload tax, Pay tv tax.

6. Already bonus is affected, end of year there could be further  downsizing. there are about 100000 dealers living from reload business.

7. Dialog has been one of the  biggest FDI investors to Srilanka

You could decide the impact to the company and  its stake holders . Decision is yours if you are a die hard MY3, RW fan just take this as a fact only. Others please be enlightened.

Teller


Moderator
Moderator
Hi nalban,you are from telecom industry,hehheeeh. I guess from dialog.:-)

nalban


Manager - Equity Analytics
Manager - Equity Analytics
Hi hi teller I am not Very Happy

gamaya


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
@soileconomy wrote:A leading telecom operator who is taxed thrice from recent mini budget has already expressed their displeasure and hinted possible trim/exit from their Sri Lankan investment portfolio thorough their parent company.
Another FMCG company have already asked for special concessions from next budget for them to stay here without pulling their investments.

Seems like there is opening for a local operator... Good development at the rate of increase in telephone usage..

bandulawee


Manager - Equity Analytics
Manager - Equity Analytics
Can somebody also enlighten us about the profits made by these telecom operators in the last three years, How much they benefitted from PBJ's low income tax regime. PBJ who is supposed to be public servant advised all the companies to pass down the taxes to consumers where as these taxes should have been borne by them. If they were asked to bear the taxes they would have cut down all the hand outs spooned out to these vultures like buying vehicles for TRC etc and still made substantial profits.,

EquityChamp

EquityChamp
Moderator
Moderator
The profit if you look at in absolute terms then it can be big. But in Telcom industry you have to compare profits with relative investments. Profit is a function of investments. The nature of this industry is to invest continuesly and invest in huge amounts. Because the investments in network is very expensive. And the technology gets outdated for every three years time so that a telco company need to invest continuesly. If you campare the profits with the investments telco players profit margins will be very very low and ROE & ROI also tend to low significantly. The shocks like these will definetely put these operators under serious cash flow problems thereby the quality of networks too will get affected. In the end again again the general public has to suffer due to communication barriers created through poor networks. Remember telecommunication service has become an essential service in this country now but not a luxury service any more. Decision makers have to consider these factors before taking any decision.

Vptilak


Manager - Equity Analytics
Manager - Equity Analytics
@Senior Citizen wrote:In lighter vein may I ask, is the freedom of expression?

I see this as a tremendous blow to the communication and information sharing. We are used to cheap phone bills and Internet charges.

Most people will not like the higher charges.
How it will affect their personal budgets is a big question especially for the very poor. Even a beggar has a mobile in his hand let alone the garment factory worker or peon.

That is why govt cut 25% tax on call bill.

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics
@EquityChamp wrote:The profit if you look at in absolute terms then it can be big. But in Telcom industry you have to compare profits with relative investments. Profit is a function of investments. The nature of this industry is to invest continuesly and invest in huge amounts. Because the investments in network is very expensive. And the technology gets outdated for every three years time so that a telco company need to invest continuesly.  If you campare the profits with the investments telco players profit margins will be very very low and ROE & ROI also tend to low significantly. The shocks like these will definetely put these operators under serious cash flow problems thereby the quality of networks too will get affected. In the end again again the general public has to suffer due to communication barriers created through poor networks. Remember telecommunication service has become an essential service in this country now but not a luxury service any more. Decision makers have to consider these factors before taking any decision.
Exactly. Just looking at profits as a figure will not help to understand the correct picture.we have to consider investments made to gain that profit. If low tax regime helped teleco sector new entrants were not witnessed during last couple of years.Both two big telrco operators remain as leading companies who brought massive foreign investments to SL.

Chanuque

Chanuque
Manager - Equity Analytics
Manager - Equity Analytics
This is the tug of war between the nation building versus the feeding the mass in Sri Lanka. MY3 Government chose to feed the mass to increase their voters base targeting the 2 / 3 majority. Pro India West wants to keep Sri Lanka at the bay as a unproductive nation so they can loot our resources thanks to their proteges in the island ..

EquityChamp

EquityChamp
Moderator
Moderator
This 25% reload tax on pre paid revenue will be amended soon. If you alalyse DIAL financials they will be making losses for the next few years if this is implemented because majority of their revenues are in pre paid form. Ravi definetly got this wrong I would say.

Senior Citizen

Senior Citizen
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Chanuque wrote:This is the tug of war between the nation building versus the feeding the mass in Sri Lanka. MY3 Government chose to feed the mass to increase their voters base targeting the 2 / 3 majority. Pro India West wants to keep Sri Lanka at the bay as a unproductive nation so they can loot our resources thanks to their proteges in the island ..

If you really study Roman history you will find that Emperor Nero also began his rule in a "Cutta" way. He played the role of a ruler (For first 5 years) with good governance and sincerely cared for the poor and common man and on the other hand in his private life he did all the villainy and most degrading things. His other life was not that good.

So can history repeat itself but in Sri Lanka?

EquityChamp

EquityChamp
Moderator
Moderator
Feeding the mas first to get the energy to build the nation. Not a bad idea going by the Buddhist philosophy Laughing

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