Photo: Aniruddha Chowdhury/MintIndia’s telecom industry is in turmoil, and depending on whom you ask, one man deserves all the credit or all the blame. It’s been 18 months since Mukesh Ambani, India’s richest man, entered with Reliance Jio Infocomm Ltd. The entrenched trinity won; consumers lost; and last year Tata handed its unprofitable telecom business and 40 million subscribers to Bharti. India’s telecom industry has been ripe for disruption ever since the country’s Supreme Court cancelled 122 licences in 2012. Ambani, though, no longer bound by a non-compete agreement he had signed with his younger brother Anil, was readying to pounce.

Source: Mint March 20, 2018 03:11 UTC