Also one should note that New Operators - Uninor MD is in Jail. So are Etisalat DB and Reliance Telecom officials along with the Telecom Minister for the Massive Fraud. Banks have been advised by the RBI to secure Spectrum and Hypotheicate it on an emergency basis to protect from any systemic risks.
Meagre revenue market share and lack of growth triggers such as 3G and slower roll out will make these operations further unviable. Ongoing parliamentary enquiry into spectrum allotment to new entrants remains a concern and any adverse finding may lead to withdrawal of licences.