Union Budget 2019 - Satya Kalyan Yerramsetti, Founder & CEO of Telebu

"The Union Budget has made adequate allocations for the telecom sector whose revenues have been tumbling since quite a while now. The Government has set up a committee to rationalize tax structure, review USOF, and the spectrum usage charges, which will make the business environment more conducive within the sector. These measures will work in the favour of unified communications providers like us. It has also taken targeted steps towards rural infrastructure expansion and introduced PPP model for BharatNet to eliminate the prevailing rural digital divide. We believe that companies such as Telebu will benefit immensely from this year's Union Budget, as it will expedite their goals of proliferating into rural as well as tier-2 and tier-3 cities."

Source : Equity Bulls

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