Rcom-Sistema deal, Reliance Jio entry to accelerate consolidation in India
The Rcom-Sistema merger deal and Reliance Jio’s entry will accelerate consolidation in the Indian telecom industry, according to Fitch Ratings, which now expects five to six telecom operators to emerge from the industry shake-out as weaker ones exit the market. “Jio’s entry will accelerate consolidation as weaker ones will be further squeezed due to higher competition and their lack of profitable data services,” the ratings firm said. Weaker unprofitable telcos... Read More
