Word Document Powerpoint Teledensity: 2% in 1999 to 7% in 2003. Telecom revenues are expected to triple to $24 billion by 2005-2007, driven primarily by wireless. Wireless accounts for 40%, up from 7% in 2000. Payal Mallik discussed the transformation of the Indian industry from a static monopoly to a dynamic multiple provider system. “Regulatory effectiveness depends on the monopoly wielding power of the incumbent.