Telecommunications in India has been the poster boy of Economic reforms. In a span of about 15 years there has been phenomenal growth in the subscriber base and it shows no signs of abating. But, slow down it must as the tele-density gets closer to 100%. The question is how the industry will evolve after that. The standard belief is that value added services will take over and telecommunication companies will provide a host of new services which will be adopted enthusiastically by consumers and will provide revenues for service providers. Who though will develop these applications? Will telecommunication companies now develop applications in house? If the development of new applications and services is going to be the prerogative of other firms, who will these be? How will they be financed and what will be their revenue streams?

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