Telecommunications is undoubtedly one of the most booming sectors in the Indian economy. In today’s age, the term telecommunications covers broadcasting, wireless internet, internet, fixed telephony, data centers and next generation networks (NGN). Its liberalization and privatization have hugely attracted the foreign players and offshore counterparts to join the bandwagon and opt for technology investments. Also, it is worthy to know that the Indian telecommunications sector is the second largest wireless network in the world after China. If we delve further into the statistics part of it, according to the Department of Telecommunications Annual Report in the September 2014, Indian telecom network has more than 957.61 million connections, which is a mind-numbing number.
Prospects of Broadband Services
The Indian telecom industry can be divided into basic, cellular and internet services. Although broadband services are the backbone of a steady business economy, it is the use of mobile data that has revolutionized the sector and the industry alike. The population is large and the broadband services seem to be the only possible and logical way to cover the length and breadth of the country. The overall tele-density in India stands at 76.75% and rural tele-density at 44.96%. The growth opportunities are significant, rather say tremendous, especially because 3Gand BWA are yet to make their significance presence felt.
Emergence of Foreign Investments
Tikona, a leading player in the market has collaborated with a foreign giant in taking strong strides towards establishing itself as the leader of broadband service providers. Investing in Indian technological companies has always been on cards with the international business houses and this time, the market and its opportunities are wide open. Also, a large number of corporates are also setting up their research and development centers in India.
It has been projected that the broadband use base will reach 100 million-mark this year, according to a research conducted by CRISIL. The broadband internet providers attracting investments is no longer a debatable topic.