Investors in the Indian Telecom Space focused on two important issues – Indian Currency and the 4G-LTE Space.
Foreign Investors Wary of Indian Government Flip Flop Policies – We believe that, despite the government’s decision to allow 100% FDI and a depreciating rupee, the experience of some of the players – such as Telenor, Etisalat (licence cancellations), and Vodafone (tax dispute) – has not been encouraging. Separately, the last set of new players giving up their pan-India dreams and shutting down circles suggests that it is hard to make a case for a foreign player to take the new-entrant