India's telecom scandal puts the spotlight on risk
BY Shaheen Pasha |
For many telecommunication firms with global aspirations, India was hailed as the promised land for expansion. With its vast population and stellar growth trajectory, it was a market that telecom companies actively pursued – in some cases, violating laws and ethics – to achieve a foothold in the market. But the February ruling by the Indian Supreme Court to revoke 122 licences, citing corruption and bribery, has changed the game in India and has raised the very real regulatory risks telecom companies face while expanding in emerging markets.