With every passing day the telecom space becomes more and more crowded. Even though the regulators are making it difficult for newer players to enter this space more and more large corporates in India have set their eyes on the telecom space. One such group is the Future group which is in the news lately for foraying into the telecom servives bandwagon. “We should be ready with the telecom services within the next six to eight weeks,” stated Mr Kishore Biyani, Chairman of the Future Group.
Given the spectrum crunch its expected that Mr.Kishore Biyani shall be content with taking the franchisee route to providing telecom services. The only player currently in the Indian market using this route is Virgin mobile which is a franchisee for Tata Teleservices for CDMA services and recently was also shortlisted as a player for MTNL 3G services.
It seems like the Future group too shall go this route and using its marketing and retail muscle to penetrate the already crowded telecom space. With newer competitors like Future group entering this space one can only expect a further fall in telecom tariffs (If that was still possible).
Its estimated that the future group shall be making an investment of Rs 1000 crore on the project and the services shall ofcourse be launched soon through their huge chain of retail outlets.
This report suggests that GSM player Tata DoCoMo would be the one which will provide the back-end for the Future Group’s telecom foray.
