As of now, avoid getting into telecom space: Prashasta Seth, IIFL Wealth

In a chat with ET Now, Prashasta Seth, Senior Fund Manager, IIFL Wealth shares his views about the telecom pack.

ET Now: What is call on telecom space?

Prashasta Seth: We recommend to avoid the space. For somebody who is not specifically tracking the sector and taking an over value, it is very very difficult and confusing to take a call. Also there is a fair chance that Reliance might bid in this auctions and if it happen, then that could potentially increase the cost of spectrum for everybody.