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  • suzanadestani suzanadestani Sep 9, 2010 12:00 PM Flag

    $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.

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    • YEs the companies that are going to reap high dividends are REDF (portal), SIFY (combination of Portal + Consumer Cloud Services + Corporate Cloud Services Datacenters a 3PAR + Travel portal like MMYT + outsourcing internationsl clients.
      Also MMYT for travel services. MAtrimony sites not public yet.

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