|Posted by EJ on November 19, 2010 at 5:00 AM|
Call rate from abt Rs.10 to 25 paise ( imagine the cartel of few had taken us for a ride for 7-8 years that is excluding govt. utility providers...!)
Guess who is lobbying hard against number portability?
Who will gain in case the licences are cancelled?
2G service was milked to the extent by 2008 that incremental effort wud have got blood instead of milk !! so if govt managed to sell the spectrum then it did a smart thing...
Any asset valuation(licences) during 2008 cud have been a curse to acquirer due to what happened afterwards (credit crisis).
If some of the companies managed to sell these assets to foreign investors at an inflated price, then they(FI) are fools. In the same breath, we do not complain about the heady valuation we are getting these days in our equity or property market.
Finally govt managed such a whopping 3G valuation due to these 2nd generation providers as it made 1st gen cartel to realize that monopoly is over.