New Delhi: Indian telecom infrastructure's revenue potential is expected to reach ₹21,500- ₹31,000 crore by 2023, as latest information technology developments are driving demand for new business models, an EY study released on Friday evening said. However, in order to catch up with the revenue potential the sector will need investment in the range of ₹66,000- 93,000 crore, the study said. "Tower cos today are well placed to tap in on new opportunities that represent a revenue potential of ₹215 billion- ₹310 billion by 2023. Infra cos have the potential to tap 35-40 per cent of the overall addressable market of these new revenue segments," Bharat Bhargava, Telecommunications Advisory Leader - Performance Improvement, EY said. "Wireless, fibre to the home and common infrastructure would be the major contributors to fibre demand.

Source: Mint October 12, 2019 10:41 UTC