Reliance all set to enter GSM business after CDMA

We had covered long back in June 2006 about possibility of Reliance entering GSM business in India

Now Forbes is telling us that Huawei Technologies of China has won a 500 million USD contract from Reliance India for GSM Network hardware and installation and the contract spans 3 years. Airtel and Vodafone are battling it out already in the GSM space and State owned operators are facing losses. Will entry of Reliance make things worse for them ?

Regarding the CDMA scene in India , Reliance and Tata Indicom are the sole players and its a different ball game altogether.
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