It is going to be tough time for them for quite a few quarters, but at the same time if I look at the way the stock prices had corrected over the last year or so, at a certain price, it still looks attractive if you have a longer term horizon.

It remains to be seen that given the tariff levels in India, how will they make money after bidding for all these 3G and the wireless related business. That is something which is still not clear. The other way to look at it is that some of the competition which we all feared may not actually come through. Source

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