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Performance of Mobile Phone Sector in India
The mobile phone sector in India was stagnant for a few years because of an uncertain policy and regulatory environment. There was a reduction in the net addition to subscribers, an increase in the urban–rural divide, hyper-competition, and inefficient use of spectrum, which meant poor services, low investment, high debt, and a fall in revenue and profit. However, the sector’s performance has been improving after the announcement of the new telecom policy in 2012 and other regulatory changes.
Thanks are due to Shakti Kak, Sandip Sarkar, Dev Nathan, Atul Sharma, and anonymous reviewers for comments on an earlier version of this article. The usual disclaimers apply.