The Centre on Tuesday announced several key changes to simplify approval processes for telecom licenses and wireless equipment, in its bid to further pursue structural reforms and ease of doing business in the telecom sector.
Presently, standalone licenses for VMS/Audiotex/ UMS are being issued by DOT as per the existing guidelines in 2001.
"The industry requires long overdue support to maintain its current 3+1 industry structure and allow players to earn a respectable return on their investments," Mittal said.
The leading industry experts said that many of the patterns and trends that have emerged during the pandemic situation are going to stay and the telecom sector needs to get prepared for that.
During a press meet Sitharaman said that the government intends to address the concerns of the crisis-ridden telecom companies which are facing billions of dollars of fresh statutory liability following a recent Supreme Court ruling.
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