Re: Caught in the cross fire of politics ..maybe?Foreign Telcos bite the dust in India? Even Indian Telcos are biting the dust, correct? Is the highly indebted Reliance Communication even paying off loans or the intention to pay or is it another Mallya in the making? Keep taking loans, who cares to pay back even the Principle, forget the interest. Reliance JIO killed everyone, but is taking huge losses, where is the funding coming from? Most likley its the public sector banks taking the loss, not JIO.
Is there any foreign entity apart from the pharmas that have succeeded in doing business in India? Telecom Revenue per subscriber is just 2 dollars/month, who is making money? India is one of the worst places to do business, period.
Is there any foreign entity apart from the pharmas that have succeeded in doing business in India? Telecom Revenue per subscriber is just 2 dollars/month, who is making money? India is one of the worst places to do business, period.