Job hunters! There is a segment, which by the end of 2018, will make 30 Lakh jobs. As per a report by ASSOCHAM-KPMG, the telecom segment will make 30 Lakh jobs by the end of upcoming year. Factors such as entrance of new contenders in the market, launch of 4G technology with a rise in data, the fame of smartphone resulting to the reliable rise in demand for tech, the roll out of digital wallets, and other developments in the telecom segment are probably to augment job chances. This data is as per a joint study of ASSOCHAM-KPMG.
Up-and-coming technologies such as M2M, 5G, and the development of ICT (Information and Communications Technology) are anticipated to make employment roads for around 870,000 people by end of 2021, the ASSOCHAM-KPMG joint study further adds. The current manpower in the segment might not be sufficient both in skill as well as in number to fulfill the forthcoming demand, says the survey. There is a requirement to fill the gap in skill, which on the one hand, will need recognition of skilled manpower in varied roles such as application developers, cyber security and infra experts, infrastructure technicians, sales executives, handset technicians, and so on. As well as on the other hand, it will also need re-skilling of current manpower operating on current technologies for them to be upgraded with forthcoming needs.
Companies made these CAPEX investments mainly to organize new techs such as 4G-Advanced and 4G, to obtain spectrum through spectrum auctions, and to extend their fiber footprint. These investments have led to elevated borrowings for the TSPs. Hence, this resulted in a rise in burden of debt for the operators, leading in extremely leveraged balance sheets of TSP. Telecom segment in India is an extremely cost-sensitive market with a user base that has bulk of prepaid users with reduced ARPU. Also, rivalry in the segment has elevated thus putting a stress on the operator margins.