Spectrum scandal deconstructed

The telecom sector is perhaps more about money and government than people realise. It requires billions to acquire licences and build networks. The government awards licences and radio frequencies, where necessary, and collects massive fees for these and other regulatory charges. The large market size means that, despite rapidly falling prices, big money can be made – and lost – by players involved in creating, deploying or using technology. Thanks to India’s governance challenges – especially with the advent of coalition politics – players, bureaucrats and politicians are frequently up to mischief.

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