NEW DELHI: Indian telecom infrastructure's revenue potential is expected to reach Rs 21,500-Rs 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 Rs 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 Rs 215 billion-Rs 310 billion by 2023. "Wireless, fibre to the home and common infrastructure would be the major contributors to fibre demand. The fiber growth is expected to see a fillip 2020 onward, with expected launch of 5G in 2023," the report said.

Source: Economic Times October 12, 2019 10:52 UTC