Dear Friends,
India has yet again proved to the world that as a nation, we can neither grow our democracy for the benefit of all our citizens nor we can handle even one project of vital national economy. The news below is an indication of shape of things to come for easily the best economic story of the country so far, telecom. We are the largest telecom market in the whole world and the lowest in broadband penetration. 10 % broadband penetration enhances 1.4 % GDP growth. Our incompetence has given fodder to the developed world for treating us a laughing stock. The largest telecom market of the world does not know how to come out with policies to fully exploit the vital telecom services for at least 2 to 3 % rise in GDP. Instead, the insane policies have already sounded death to 4G Broadband Wireless Access services even before their birth. What a shame of merciless killing of the foetus of what promises to be a golden era in future of our GDP growth.
How to stem this rot is an issue ? Brilliant minds of the HJ Group, some hard work is lined up before all of us.
Augere Wireless set to sell its 4G spectrum, quit India
Economic Times
Augere Wireless, a company backed by France Telecom and private equity funds, is set to sell its 4G spectrum in two states - Madhya Pradesh and Chhattisgarh - and quit India, as regulatory uncertainty has forced its investors to hang up on the country. Augere Wireless CEO Lars Henrick Stork said the company had stopped all operational activities in India and had asked employees to go on leave as it was reassessing its plans here. Augere had also reportedly completed the pilot runs for its 4G foray in September 2011. "It is a shame. We had given out contracts and were ready to go. But with funding drying up, we had to stop," Stork added. Augere's investors include former Orange CEO Sanjiv Ahuja, Harbinger Capital, France Telecom, New Silk Route, and Vedanta Opportunity Fund. Augere is the second 4G spectrum holder that is close to exiting the wireless broadband space.
Economic Times
Augere Wireless, a company backed by France Telecom and private equity funds, is set to sell its 4G spectrum in two states - Madhya Pradesh and Chhattisgarh - and quit India, as regulatory uncertainty has forced its investors to hang up on the country. Augere Wireless CEO Lars Henrick Stork said the company had stopped all operational activities in India and had asked employees to go on leave as it was reassessing its plans here. Augere had also reportedly completed the pilot runs for its 4G foray in September 2011. "It is a shame. We had given out contracts and were ready to go. But with funding drying up, we had to stop," Stork added. Augere's investors include former Orange CEO Sanjiv Ahuja, Harbinger Capital, France Telecom, New Silk Route, and Vedanta Opportunity Fund. Augere is the second 4G spectrum holder that is close to exiting the wireless broadband space.
With warm regards,
Col Mahesh Khera
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