Besides damaging confidence in the Congress-led coalition government, the 2G spectrum scam has also worried investors in Asia's third-largest economy. Suresh Mahadevan of UBS Securities and Kunal Bajaj from Analysys Mason shared their concerns with CNBC-TV18 on the issue.
Kunal Bajaj said that he would likely to see more names implicated in the 2G scam. He feels that if licenses are canceled, spectrum may be available. "The telecom companies are waiting to get clarity on potential mergers and acquisitions in the industry. More acquisitions will lead to consolidation in the industry. We see further progress in the telecom sector,Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
