“India is top class telecom investment destination”
India as a destination for telecom is world class ...
India as a destination for telecom is world class and the spectrum auction could be expected to be utilised well by the telcos given India’s communication potential, Telecom Secretary Anshu Prakash has said. “India as a destination for telecom (investment) is top class,” Prakash told IANS in an interview.
His assertion comes as in recent times, Vodafone Group’s comments on pulling out from India unless relief given on Adjusted Gross Revenues have hit the headlines.
In November, Vodafone Group’s CEO Nick Read had highlighted the stress in the sector after Supreme Court’s verdict on AGR dues. However, he had later said he was misquoted. Earlier the same month, Vodafone Idea’s chairman K.M. Birla said that without sufficient relief, the telco will have to shut down.