Duopoly is not good: Chidambaram backs VI revival while warning against govt takeover

Former Union Finance Minister P Chidambaram strongly supported efforts to revive Vodafone Idea (Vi) on Wednesday and asserted that a duopoly in the Indian telecom sector, namely of private players Bharti Airtel and Reliance Jio. He further said that lack of competition in any industry would be detrimental to consumer interest and market health.

“Duopoly is not good in any industry,” the Congress leader said in a post on X, applauding Union Minister Jyotiraditya Scindia’s recent push to breathe new life into the struggling telecom company.