There could be another round of consolidation in telecom sector
Here you have 30 million customers, network rolled across the country, full management in place, a brand which is incredibly powerful in the Indian context
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The association of two big corporate houses - Docomo and Tatas are good but from the industry point of view 26% stake for $2.7bn is in my opinion involves a huge premium. That values the comapany at approx. INR 500bn which is higher than the current valuation of Rcom at INR 430bn.
Thanks,
Nitin Soni
Fitch Ratings
Nitin