"You cannot not buy a telecom story in this country," says Ajay Srivastava, CEO of Dimensions Corporate Finance Services. Srivastava believes one must be invested in telecom despite the industry struggling currently as "it’s going to give fantastic returns in long term".
“Data is not going anywhere, it’s going to increase only,” said Srivastava in an interview with CNBC-TV18, adding "you cannot not buy a telecom story in this country where now it is very clear that there will be perhaps 2 players left."
“Therefore, I believe that in a duopoly kind of setup, eventually, economic returns will follow. Operating side there is nothing wrong and to get a new player in the country is almost impossible given the way the regulations are at this point in time... you never go wrong in buying a telecom duopoly in the world,” he added.
He further said that with the benevolence of government continuing, telecom is a great place to be in.
Disclosure: Reliance Industries, the parent company of Reliance Jio, owns Network 18 that publishes CNBCTV18.com.