The consolidation of India’s mobile market has taken a big step as Reliance Communications and Aircel are merging their businesses.
The combined entity will have 187.64 million subscribers, creating a new number-three mobile business behind Bharti Airtel Ltd (255.7 million) and Vodafone India Ltd (199.4 million). Until the merger, Idea had been the number-three provider.
The merger vaults the new company into the “top-four” ranks, creating significant separation between the fifth and all other smaller providers.
Nobody yet knows what further changes will occur as Reliance Jio enters the market, either.
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