$22 Billion spent so far to enter India's Internet market.
The world finally has woke up to realise that India has over 1 Billion people, of which only 10% currently have access to the Internet.
In the recently concluded auctions for 3G and Wireless Broadband spectrum, telecom companies have bid and paid approximately US$22 Billion as spectrum license fees, according to The Hindu Business Line, and are now implementing 3G and Wireless Broadband projects. This is a harbinger of the growth of the broadband internet market in India. This we believe will provide the underpinning for our growth as a leading online provider of news, information, communication, entertainment and shopping services in the country.
YEs the companies that are going to reap high dividends are REDF (portal), SIFY (combination of Portal sify.com + Consumer Cloud Services + Corporate Cloud Services Datacenters a 3PAR + Travel portal sifytripz.com like MMYT + outsourcing internationsl clients. Also MMYT for travel services. MAtrimony sites not public yet.