MONOPOLY- BOON OR BANE?
Recently I have come across an article in a leading Arab daily on the Q3 results of Etisalat. The stats shows a drastic decline in the profits of Etisalat in UAE. 1.75 bn from 2.25 bn a year back. They have ample reasons for it but a simple math wont support the claim. Study shows the decline in profit share is due to the aggressive marketing of Du in the region.
The stats is an eye opener for Etisalat. An Expat in this region would tell how the monopolistic approach of Etisalat have hampered the ambition of a common man to be in touch with his/her people in the other part of the world.. The call charges were exorbitant and was considered to be the highest among in the region or perhaps in the world.
In India we have authorities to take care of the exploitation of market by corporates. Monopoly & Restrictive Trade Practise (MRTP) laws are in place for a check and balance. Hope some restrictive laws would be in place in this region too.....
Solicit your comments.
