India’s Telecom Companies Wait for Policy Clarity From New Government



India’s telecommunications industry is hoping the new government, which will take power later this month, will clearly outline a telecommunications policy so the country can attract more foreign investment.

India’s telecom sector—once a shining example of the success of the country’s economic liberalization of the early 1990s—has been hurt by policy confusion and corruption allegations in the past few years. Expensive and confusing bandwidth auctions have left many companies with heavy debt loads, while allegations of corruption and tax evasion have weighed on optimism about Indian opportunities. Source



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