Telecom reset: From tariff wars to stability

As Reliance Jio moves closer to a long-awaited public listing, investors are taking a fresh look at a telecom sector that appears markedly different from the one shaped by tariff wars, mounting debt and regulatory disputes over the past decade.

The reassessment comes amid a series of developments that have improved visibility on the sector’s long-term economics. The government’s recent relief package for Vodafone Idea, coupled with the Bombay High Court’s decision to strike down a long-running one-time spectrum charge dispute, has strengthened expectations that many of the legacy overhangs that weighed on telecom valuations are gradually easing.