India: Growing competition, sluggish growth driving consolidation

India: Growing competition, sluggish growth driving consolidation

Idea cellular. Photo: Livemint

Idea Cellular Ltd and Vodafone India Ltd’s plans to merge their businesses, excluding Vodafone’s 42% stake in Indus Towers Ltd, to create India’s largest telecom company with a total revenue of over Rs80,000 crore highlights the growing trend of consolidation across a wide range of sectors. The wave of consolidation drove merger and acquisition (M&A) activity to a record high of $69.75 billion in 2016, according to Thomson Reuters.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter