Telecom reforms: Relief with hope?

This could be a good first step towards a real transformation

At first glance, the big-bang telecom relief package last month might seem disappointing. A closer look shows the possibility of real promise. Could it be a subtle masterstroke, the first in a series of steps that will revive the sector?  Here’s why.

• By not fully resolving the debt burden to result in sustainable cash flows, it gives the impression of a grudging debt-restructuring that doesn’t quite revive the patient, while prolonging the agony.  
• However, it provides immediate relief with a four-year moratorium on cash outflows.
• An issue that defied resolution since 2003, of what constitutes revenues for sharing, has been defined rationally as