Originally Posted by San Yad
If Bharti is not able to sustain, Reliance communication does not have any ground to hold on its own.
I think we can see Rs 30 to 35 levels soon.
Even the only utility provider to telecom sector who doesn't have much competition is suffering.
I feel all this companies thought once a person gets mobile in hand with VAS they will be able to milk him. But after paying high prices and now again getting ready for another bleed that too for old technology 2G. I see much more downside.
Earlier I was interested about Reliance Infotel launch. But now if they bid for 2G spectrum I am sure many operators will sink totally and with deep pockets they can easily crush many operators.
I am really worried about by investment in this sector. Have holdings in Bharti and Rcom.