Telecom industry may no longer be the goose that lays the golden egg
The upcoming 5G spectrum auction is seen as a non-event with even Reliance Jio expected to prefer waiting for further cuts in spectrum prices before participating
For the government, the telecom industry is best viewed as the fabled goose that lays golden eggs. And telecom companies have rarely disappointed. They have outbid each other to buy spectrum at ridiculous prices at regular intervals. Some analysts even joke that large telecom companies have perfected the art of buying the unaffordable.