MUMBAI -- India's three leading telecom companies face a new hurdle to their huge network expansion plans as the government raises the tax on imported equipment to prop up a falling currency.
Companies
Indian telecoms face further cost pressure from import tax hike
Fierce price competition keeps carriers from passing on burden to customers
Higher duties on imported network equipment add to the troubles for India's telecom sector, which has been plunged into a price war by the entry of Reliance Jio Infocomm.
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