Mahanagar Telephone Nigam Ltd. (MTE)

[i_am_so_siri_hsm]

to make it quick the indian goverment is kind of like venezuala and will take what they want. there was an auction they held to sell off the 3g service areas in india and then they gave the first liecence to mte. also the indian goverment thinks 3g gives too much freedom so the investors are scared to get in mte because they may some day say no more 3g. i dont think that will happen though. india is starting to really get in on the tech move. also people of india seem to be very tech impaired. they just dont care or cant affords it.
"Jadoo was launched in February in certain pockets in the national capital, with a capacity to support 150,000 subscribers. Compared to this, MTNL has only about 500 subscribers of its 3G network, Singh said."

i still like them as a spec play though. also thier cash to debt is good too.