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The great Indian telecom license frenzy

September 27, 2007 · Posted in India broadband, Tech tidbit

Back in August, TRAI decided not to put a cap on the number of telecom operators in India. And this has triggered a frenzy in getting telecom licenses.

Day by day, it looks like every big Indian firm, who is sitting on a pile of some extra cash, is applying for a telecom license. You have the real estate companies (DLF, Parsvnath, IndiaBulls Real Estate Ltd., Unitech Ltd.). And now, with Russian company Sistema acquiring Shyam Telelink, even foreign players are jumping in.

While some of the license applicants maybe serious about their telecom foray, I think majority are aiming to get a piece of the pie - and then sellout at a premium at a later time.

Just like DoT announced that no new applications will be accepted for mobile licenses starting Oct 1, at this rate, such an announcement should come soon for the telecom sector as well.