Many of the current problems have solutions from the past, In India in the past when there were too many fragmented unviable capacities in cement, eight of these companies came together and created the Associated Cement Companies. This made the entire operation viable and the resultant company grew from strength to strength.
We have two industries which have many players with high debt, high operating costs and massive negative cash flows and no plan to become cash positive. They are insurance and telecom. This is not a good situation for lenders, employees, customers or shareholders or government.
Can the leaders of these companies sit together and create an Associated Insurance Company or an Associated Telecom company ?
We have two industries which have many players with high debt, high operating costs and massive negative cash flows and no plan to become cash positive. They are insurance and telecom. This is not a good situation for lenders, employees, customers or shareholders or government.
Can the leaders of these companies sit together and create an Associated Insurance Company or an Associated Telecom company ?
And we the epitome of capitalism, first applauded competition and welcomed all of them!
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