Telcos exiting country amid bleak telecom picture

While the optimist expects the mobile industry to grow further, going plainly by the sheer number of subscribers, a report clearly states that the nation's rewritten rules and other factors have driven telecom operators out of the country. According to a Bloomberg report, the country has rewritten some tax rules and also canceled some 122 licenses. Among other things, the country, reportedly has also been recommending charging airwaves at 11 times the price. Bahrain Telecommunications Co. also known as Batelco left after the cancelation of its permit, while Emirates Telecommunications Corp., or Etisalat has closed its operations in India. Known telecom operators have also been suffering losses, and these include the shares of Bharti Airtel that reportedly dropped by 8.2 percent this year and that of Idea Cellular that dropped by 4.1 percent.Click here for full story