Telecom: After the boom, the slide

Another year, another sordid addition to the telecom saga. Political developments could mean this phase is less interesting than the A. Raja episode, but that is only incidental. The theatrics around the telecom sector, however, obscure the fact that it has helped more Indians navigate out of poverty than government doles in the last 20 years. Consumers were able to benefit from two things: the plummeting price of voice telephony and the deluge of cheaply priced mobiles. But that boom has come to an end.

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