The number one Telecom Service provider in India, Bharti Airtel ,and number two telecom Reliance Communications have released their quarterly statements and the results have been mind boggling.
Reliance reported an increased quarterly profit of 34% and has promised further growth riding on DTH and IPTV solutions. Airtel has reported 58% increase in profits for this quarter and have indicated further growth for the next few quarters. These are phenomenal numbers and now Vodafone’s acquisition of Hutch makes more sense. India, China seem to have the maximum growth potential for the coming years and we can see more international players ( I already hear that Verizon is trying to get some stake in an already existing service provide).
Good times ahead!!!