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DoT considers consolidation, new operators may go out
By SiliconIndia   |   Friday, 03 September 2010, 01:51 Hrs
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All new entrants - with the exception of Sistema Shyam - are under probe by both the Central Vigilance Commission as well as the Prime Minister's Office for delaying the rollout of their operations. Telecom minister A Raja has been publicly flogged by Opposition parties for allegedly causing the exchequer an estimated loss of more than 60,000 crore by awarding 2G licences to companies at throwaway prices.

While their growth rates may have slowed down, the bruising price war launched by the new companies has adversely impacted the profits and revenues of the established players. This led to combined revenues for the telecom sector in March 2010 being lower than the industry's total revenues for the quarter-ended December 2008, despite the addition of over 200 million new users during this period.

Earlier this year, Vodafone Group, which controls India's third-biggest mobile company, said it was taking a charge of $3.3 billion on its operations here on account of the price war and increasing spectrum costs. The sector has stabilised over the last six months as no new price cuts have happened during this period.

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