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‘Consolidation may leave three players’

DNMUM398588 | 10/13/2017 | Author : Mansi Taneja | WC :325



New Delhi: Bharti Airtel’s acquisition of consumer mobile business of Tata Group marks an exit for the latter from the market at a time when the industry is in the midst of consolidation triggered by the entry of a new operator Reliance Jio, owned by Mukesh Ambani.
This is the second big merger deal being announced after Vodafone India, a subsidiary of UK’s telecom player Vodafone and Idea Cellular decided to merge into a single entity, which will create the largest telecom player in the Indian market, uprooting current top player Bharti Airtel off its position.
The merger process is underway.
Mahesh Uppal, director, ComFirst, a consultancy firm, says Tata Group’s exit from mobile business has been expected for a year
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