The document summarizes a study on the Indian telecom sector. It discusses the evolution and current state of the sector, including major players and their market shares. Marketing strategies used by companies are analyzed, such as tariff wars. Technological advancements like 3G and 4G are covered. Financial analysis is presented for Reliance Communication, Bharti Airtel, and OnMobile Global Ltd., finding Bharti Airtel to be undervalued. The study concludes the Indian telecom market is growing rapidly and recommends investment in Bharti Airtel.