The stand-off between Vodafone Idea and New Delhi has gripped the business world like a Bollywood melodrama. All indications suggest the government will not grant concessions to the beleaguered telecoms giant, a decision which would likely cause Vodafone to quit the country. It is a classic tale, an unstoppable force meets an immovable object. But as is so often the case, the hard-line leaves no winners.
India is the world’s second-largest mobile market with over 1.2 billion mobile subscribers, growing at a breakneck pace, and the single largest consumer of data globally. This paints an attractive picture of a truly
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