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Data boom will not last forever for India's phone tycoons

For now, some investors are ignoring the risk of revenue stalling with data prices plunging in a fierce price war

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Both Mr Mittal (left) and Mr Birla (right), are apprehensive. Growth in the data business is being made possible by discounts, which will continue to get deeper and no one knows how far they can go.

Singapore

INDIA'S reigning telecom tycoons, Sunil Bharti Mittal and Kumar Mangalam Birla, couldn't possibly be more satisfied. Or more nervous.

Mr Mittal's Bharti Airtel just finished its financial year with 120 billion rupees (S$2.5 billion) in revenue from data, a near-threefold