India’s telecom industry: Survival of the fittest

March 5, 2018

With Aircel filing for bankruptcy on Wednesday, the last of the small telecom companies is out of the way. It leaves the behemoths—Bharti Airtel, Vodafone-Idea and Reliance Jio—to slug it out. Late last year, telecom secretary Aruna Sundararajan said 2017 had been a year of consolidation for the sector, while 2018 would be a year of growth. She was certainly right with regard to the former; the disruption caused by Reliance Jio’s entry has led to a wave of telecom mergers. But there are several caveats when it comes to the latter. Source

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