World 2nd hottest telecom market, hotter

India’s new budget might have tipped its hat to the socialists, it still is great news for the telecom industry. So here is quick recap of the telecom/broadband specific highlights in the budget: The foreign direct investment cap in the telecom sector is going up from 49 percent to 74 percent, which is good news for companies like Hutch which own a chunk of Bombay’s main wireless operator. “This is a positive decision and I think very soon we will see many foreign investors coming into India’s telecom sector,” said Rajan Bharti Mittal, joint managing director of Bharti Tele-Ventures. (Read Industry reaction.) Excise duties on computers, and certain mobile phone components and infrastructure equipment have been all together eliminated. Despite all its many faults, I am glad that they have not taken eye of the telecom/broadband ball.