The woeful sector

Tolstoy said, "Happy families are all alike; every unhappy family is unhappy in its own way." The telecom sector has been one of the unhappiest sectors for years. Be it intense competition or government regulation, telecom companies have proved to be one of the biggest wealth destroyers. The launch of Reliance Jio has added to their pain. And it's not just because of the fate of the sector that they are suffering; they have their own self-inflicted wounds to lick. Take a look at their current woes. Bharti Airtel: Bharti Airtel acquired Zain Telecom's Africa operations in 2010 for a whopping $10.7