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The first time Mukesh Ambani disrupted Indian telecom, Sunil Mittal survived, even emerged stronger. Can he pull it off a second time?
India, for Paul E. Jacobs — CEO of $11-billion telecom research and hardware company Qualcomm — has been like a box of chocolates, in a very Forrest Gump way. The good surprise came on June 11, 2010, when Qualcomm won the licence to offer broadband wireless access (BWA) in Mumbai, Delhi, Haryana and Kerala for $1 billion. The nasty one arrived on September 7, 2011, when the Department of Telecommunications rejected its application on flimsy grounds. “It was a silly technicality and the message being sent out by the government was: Even if you commit to investing $1 billion in India, you will be uncertain of your fate,” says B.K. Syngal, a 40-year veteran of Indian telecom and a principal with advisory firm Dua Consulting.

Jacobs was surprised, but it was Sunil Mittal, CEO, Bharti Enterprises, who must have been stunned.

Airtel was set to buy out Qualcomm’s spectrum, at least in Delhi and Mumbai, to roll out its fourth generation (4G) services. “For months, Airtel’s body language among vendors and partners suggested it viewed Qualcomm’s circles as its own,” says Kunal Bajaj, the India head of Analysys Mason, a telecom consulting firm.

But Qualcomm’s rejection meant Airtel would not be able to offer 4G services in Delhi and Mumbai till the issue is sorted out.
No one could be happier than Reliance Industries Limited (RIL). It is now the only company to have a licence to offer broadband in the very lucrative areas of Mumbai and Delhi.

All Your Data Belongs to Us
On June 11, 2010, little-known Infotel Broadband beat the biggies of Indian telecom to win spectrum in every geography on offer. Within hours it emerged that RIL would be buying Infotel for $1 billion. RIL would also make good to the Indian government the $2.7

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