tsmg

"Foreign interest in the form of participation in the pre-bid conference has been low probably on account of two factors," says K. Raman, practice head, telecom, media & technology at the Tata Strategic Management Group (TSMG). "First, there are regulatory uncertainties with respect to eligibility of 2G spectrum along with a winning 3G bid. Secondly, a pure 3G play may not be attractive for operators and would not make as much business sense as an overlay on 2G."

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