The Economist writes:
India’s mobile-phone market is growing by around 55% a year and the country now has 140m mobile subscribers. An average of 6.5m subscribers have been added in each of the past three months, three times the rate of a year ago. Contrary to expectations, the average revenue per user (ARPU)an important industry measurehas stayed relatively constant even as the number of users has risen. All of this makes India one of the world’s most attractive places to invest in telecoms. So there is no shortage of potential buyers for Mr Li’s stake in Hutchison Essar. With a 17% market share, the operator offers a foothold in what is now the world’s fastest-growing mobile market.