"Instead of rubbing their hands in glee, the GSM operators should be careful. RCom is coming. So far it had no presence in 70 per cent of the market that is with GSM. That will change."
Back into telecom, Anil Ambani has moved fast to set the house in order. In three years, he has turned around the company, financially and operationally.
He has been helped by the boom in telecom subscribers, but has done well to be number two behind AirTel with over 55 million subscribers, compared with 10 million three years ago.
Image: An Indian labourer adjusts a light on an overhead hoarding of a mobile phone company in Mumbai. | Photograph: Pal Pillai/AFP/Getty Images
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