Israel-Hamas War: A fierce war is going on between Israel and Hamas. In this war, terrorist attacks by Hamas have caused a lot of damage in Israel. But are telecom companies also being affected because of this? Today we are going to talk about this. Let us know in detail about the impact of Israel-Hamas war on telecom companies. As we know the Israel-Palestine war is affecting a lot of people. Many tech companies like Meta, but have you ever thought that the effect of this war is visible on the telecom companies also. Yes, due to this war, telecom companies may face problems in expanding their 5G footprint. The cost of 5G network gear may increase as Israel’s war with the Palestinian terrorist group Hamas escalates. A new media report has emerged that according to telecom industry officials, bankers and analysts, the initial cost may increase by Rs 2,000-2,500 crore and the speed of roll-out of next generation networks by India’s top telecom companies will also slow down due to this. Might be possible.
Telecom industry will be affected
- The report also notes that this larger, longer-lasting conflict could initially cause the rupee to decline by about 3-4% against the US dollar.
- Let us tell you that this may also increase the cost of repaying foreign loans of telecom companies. This will also impact the company’s earnings in the coming quarters.
There will be loss due to increase in dollar price
- As we know Rupee has not yet depreciated heavily against US Dollar due to Israel-Hamas war but if it increases then there may be some volatility and 3-4% fall in Rupee Is.
- The US dollar, which will make 5G network gear imports costlier for telecom companies, Rohan Dhamija, head of Analysys Mason, told ET. This is because about two-thirds of the equipment used in domestic networks is still exported.
Israel also attacked the intelligence tower of Hamas and since then similar devastation has taken place in Gaza. Israeli bombs and rocket attacks throughout the day in Gaza.
13 hostages killed in Israeli bombing: Hamas
Hamas said that 13 hostages, including foreigners, were killed in Israel’s heavy bombardment on the Gaza Strip. Hamas’ military wing said in a statement on Friday that 13 people had been killed in various locations in the past 24 hours. It is not known which country the foreigners who were killed belonged to. There has been no confirmation from Israel in this regard.
Bomb falls on people leaving Gaza, 70 dead
Hamas officials said 70 people, mostly women and children, were killed in Israeli airstrikes on convoys of people leaving Gaza City. Hamas’ media office said three were killed while heading south from Gaza City. Cars were attacked at places. It was not immediately clear who was the target of the air strikes and whether there were terrorists among the passengers.
Israel gave instructions to evacuate Gaza City
The Israeli army on Friday instructed thousands of people living in Gaza City to leave, raising fears of Israel taking ground action in the area. Amidst these instructions, the United Nations said that it has received a warning from Israel to evacuate 11 lakh people living in Northern Gaza within 24 hours. Israel has alleged in its directive that Hamas terrorists are hiding in tunnels in Gaza City. Inas Hamdan, an official with the UN Palestinian refugee agency in Gaza City, said, “There is an atmosphere of complete chaos, no one knows what to do.” She said that all UN staff in Gaza City and northern Gaza have been evacuated. Said to go south of Rafah.
In response to this attack, Israel has so far targeted more than 800 targets in Gaza and razed most of the buildings to the ground in air strikes in Beit Hanoun city. Israeli Rear Admiral Daniel Hegari told journalists that Hamas was using the city as a staging ground for attacks. There is no information yet about casualties and most of the people in the city are likely to have already fled. Citizens on both sides are paying a heavy price for this conflict.
The war between Israel and the Palestinian terrorist organization Hamas continues for the third consecutive day. In the ongoing bloody conflict between the two countries, more than 1100 people have died so far and thousands of people have been injured. According to media reports, in this war, Palestinian terrorist organizations have taken more than 130 Israelis hostage in Gaza. The hostages include Israeli army soldiers and people. The Palestinian terrorist group has placed a condition that until all the Islamic terrorists in Israel are released, the hostages will not be released. The Israeli army on Friday instructed thousands of people living in Gaza City to leave, raising fears of Israel taking ground action in the area. Amidst these instructions, the United Nations said .that it has received a warning from Israel to evacuate 11 lakh people living in Northern Gaza within 24 hours