Another planted story in the media against TRAI. I was surprised that this happened to be Business Standard. They are carrying such witch hunting more like the slimes of India. Policy decisions dont get affected with negative press. TRAI always had a huge army of buffons charging at imaginary windmills in the name of “regulation”. Assholes.
Poor idiots! They had to sell to DoCoMo, a leader in the 3G services. With the policy as announced, the duds had it in them. They had to sell out to the highest bidder. Very soon, the whole landscape of the Indian telecom would change. We would not have homegrown company like Airtel but instead this would be a battle ground for the big global majors to fight it out for customers.
The size of the deal is pegged at $1.5 billion (about Rs 6,700 crore), translating into a $6-billion (Rs 26,000 crore) valuation for the company that runs networks across the country and is planning to expand into GSM mobile services in the near future. Tata Teleservices is a loss-making company. Between 2005 and 2007, its cumulative losses stood at Rs 5,604 crore
This India story has been done to death many a times. There is no real addition of the 8-9 million customers per month. It is simply not possible. Most of the metros have choked and jammed. It is saturated. In order to expand into tier B and tier C cities, telcos need funds and assured returns. For all practical purposes, I dont forsee the market “hot and happening”; although the 3G services would assure monetised returns and would ride on the value added services.
It is no secret that Tatas claim their superiority of services based on some abstract benchmarks. There are people who would swear to God not to ever think of Tatas as their service provider. Frankly, TRAI has been unable to implement its own customer friendly norms; trying to get anything out of the useless idiots manning the customer service is a herculean task in itself.
Tata is a weathered story. They have lost it and the writing on the wall is as clear as the sunlight illuminating the dark dungeons of their minds. Telecom is a failed venture and they ought to accept defeat and ship out of business.
DoT has allowed the global firms to try their luck for 3 G spectrum. The existing companies have a lot at stake and are crying foul for obvious reasons. This is different from TRAI’s “recommendations” that only the existing players be allowed to bid for the scarce spectrum.
It’s only going to benefit the dodos flashing their new gen Apple iPhones. Who needs a frigging wireless Internet which can work only in isolated pockets of the four metros? There are enough idiots rooting for the cause and I have a nagging feeling that the existing technologies have not been upgraded to benefit consumers instead. A big sloth, this industry relies on its own lethargy.
The auction is expected to fetch the existing Government crores of rupees which would be funneled in wasteful expenditure and of course line their own Swiss Bank accounts.