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Centre makes 'Master Plan' to break dominance of Mukesh Ambani, Sunil Mittal; Jio, Airtel, Vodafone to..., Modi government decides...

The Indian government is reportedly crafting a strategy to challenge the market dominance of telecom giants like Mukesh Ambani's Reliance Jio and Sunil Mittal's Bharti Airtel. This initiative, as reported by The Economic Times, involves potentially introducing a new player into the market to foster competition, especially in light of the upcoming spectrum auctions. The plan includes discussions on spectrum allocation, possibly through administrative means, to ensure a level playing field. This move comes amidst concerns over high data prices and the need for more competition to benefit consumers. The government's approach also considers the financial health of the telecom sector, aiming to balance market dynamics without overburdening existing players with additional financial pressures.

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[ https://www.msn.com/en-in/money/economy/centre-makes-master-plan-to-break-dominance-of-mukesh-ambani-sunil-mittal-jio-airtel-vodafone-to-modi-government-decides/ar-AA1xsoYv ]