Telecom Sector: Business Risks and Management

Abstract

The Indian telecom industry is one of the fastest growing in the world. The rapidly evolving challenges and opportunities facing telecom companies domestically as well as globally are driving ongoing change in the industry's risk universe. As companies develop and implement their strategies to sustain and create value, they must ensure that their understanding and management of risk also keeps pace.

This article brings about the current scenario of the Indian Telecom sector, the risk radar by Ernst and Young which presents a snapshot of top 10 business risks faced by any industry sector. This risk radar divides risks into four quadrants- strategic, compliance, operational, and financial threats. Companies should conduct an annual risk assessment in order to inculcate ways to mitigate, and manage risks.