Telecom Industry Freeze Is Over

The telecom sector in India is preparing to hire manpower in their fiscal year 2020. With a declined in workforce in 2017 operators and tower firms dropped from 300,000 to 180,000 people. For the next couple of years, the hiring market was almost flat. With the upcoming launch of the 5G it is expected a 5% increase with intense competition some of the operators have closed their doors or merged. The number have reduced to three companies; Bharti Airtel, Vodafone Idea and Reliance Jio Infocomm. Even the towers industry has seen consolidation.

With the stability of the tariffs the average of revenue is on the rise for Bharti Airtel and Vodafone Idea. It could be a sign the crisis might be over.

With the implementation of the 5G it is going to required higher skilled job opportunities. Field position will have a rate of 30% opening. The industry is looking for candidates such as Ericsson, Nokia, TCS, HCl, Microsoft and Google.

There is an expansion in our consumer businesses and Jio continues to be a net recruiter in the industry. Vodafone Idea’s CEO Balesh Sharma Told ET recently the hiring freeze was over.

It is going to interesting to see how the implementation is going to impact Telco companies. With new open position available to support the needs of the 5G across the globe, it is a second wind for the telecommunication industry.