This is a part of our ongoing coverage from presentations and comments made at the TRAI seminar on regulation of Internet services, held on the 5th of August 2014 in Delhi. Check our entire coverage here. Please pardon the typos. Some statements are paraphrased, and some comments may have been missed. Subho Ray, President, IAMAI: "On a lighter note, in the last 15 years, I have never seen a presentation from the telecom industry which has not painted a doomsday picture for the industry. All these beautiful presentations do exactly that: 'The industry is dying, it is in the last gasps, and the reasons are external factors like OTT, VAS guys, this that or the other'. I saw a lot of consistency today in that stance. That is on a lighter note. On a slightly more serious note, the presentations that we saw from the telcos, clearly laid out the problem. As I understood it, the problem is business-to-business. There are usually other factors, but today, those were discarded. What I saw were primarily business to business issues. I have, in my last 15 years, primarily on the other side of the table, I've understood how telco's and regulators deal with business to business issues. I'll take you back seven years, when I went to the regulator with an issue, regarding Mobile VAS, I was told clearly by the operators that do not raise 'rev-share' issues. It is a B2B issue. I was told by the regulators, 'we are not…
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