Lack of investments and uncertainties arising out of a series of corruption scandals and ambiguity in policies have killed innovation in India’s telecom sector, which is negatively impacting services, according to Sistema Shyam TeleServices Ltd (SSTL).
“There is absolutely no innovation in services. No new investment is coming into the sector. People are just talking about cutting costs,” said Vsevolod Rozanov, president and chief executive officer of SSTL, which provides telecom services in India under the MTS brand.
Rozanov said lack of innovation would negatively affect telecom services and the industry in India.
“There is hardly any country in the world where telephone tariffs have risen. Lack of innovation can result in tariff hikes in India,” Rozanov told IANS.
He said there was need for consolidation in the Indian telecom industry to improve services. “There is need for consolidation in customer base and certain other areas.”… Read More