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Fitch Ratings may revise telecom sector's outlook to negative owing to tariff reduction

January 09, 2018

According to Fitch Ratings, telecom stocks will continue to remain under pressure if tariffs do not rationalise.

Recently, Reliance JioInfocomm Limited (RJIL) slashed tariffs by 15 to 20 per cent in effect from January 9, 2017. As per the ratings agency, the reduction in tariffs is not good for the sector and was contrary to their expectations.

Fitch had recently changed the outlook for telecom companies to stable from negative. However, if RJIL continues to slash tariffs and does not rationalise its tariffs the ratings agency will have to revise their outlook back to negative.



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