The Supreme Court's verdict on telecom dues has, at least, brought the looming uncertainty over the future of India’s 2d and 3rd-largest telcos to an end. And as the regulatory approval for sale of Reliance’s mobile telecom tower business shows, thanks to a mammoth pitch by Singapore's GIC, the Modi government is walking the talk on making life easier for businesses.
All stakeholders are to blame for the mess India’s telecom companies find themselves in, and it's damaging India’s efforts to project an investor friendly image abroad, writes India Inc. Founder and CEO Manoj Ladwa. Highlights: India’s Department of Telecommunications' unreasonable demand of $21 billion from the country’s ailing telecom companies will cripple India's burgeoning telecom sector. All stakeholders – the telecom companies, public sector companies, the Government of India and the Supreme Court of India – are responsible for this [...]