TRAI raises tariff ceiling in analogue cable areas - Angel Broking

Telecom Regulatory Authority of India (TRAI) has revised the tariff ceilings in places where digitization is yet to be completed. It has allowed an overall 27.5% hike in the tariff ceilings based on hike in the wholesale price index (WPI) over the past five years. The hike will be implemented in 2 phases. The hike in first phase will be 15%, effective from 1st April 2014 and the remaining hike will be implemented in second phase, effective from 1st January 2015. MSOs such as DEN and Hathway, among others are likely to benefit from TRAI's order as it allows them to hike rates at most by 15% immediately.

Source : Equity Bulls

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