If someone had slipped into a coma in 1992 only to wake up 25 years later, he would find India’s telecom sector unrecognisable in more detail than what Rip Van Winkle found America following the Revolutionary War. It’s wartime now. First up came the announcement of a merger between Vodafone and Idea. By the time one digested this news, Bharti Airtel had announced it was gobbling Telenor’s India operations. Then comes the merger of RCom, Aircel, MTS and Tata Telecom. Phew. Clearly, the big boy of corporate India, Mukesh Ambani, has their hair lock firmly in his hand, following Jio’s capture of a 100 million users in 100 days. There is the prospect of yet another big ticket. The multi-pronged merger is the biggest wave of consolidation in telecommunication after the sector was opened to private players, 20 years plus ago, in 1995.
The idea fone...Vodafone-IdeaThe board approval for the merger, once it gets the regulator’s nod, will make the unnamed new entity India’s largest telecom player. It will have a market share of 40 per cent viz., catering to 390 million customers, hold 1850 MHz, and will have the largest broadband spectrum portfolio across the country. It will also make it globally second only to China Mobile.
We have lists; and we have lists. Lists of the best banks, of the most admired companies, of the best CEOs, of the best colleges, of the richest men, of the most beautiful women abound. But what about a list of best-performing companies?
is Natarajan Chandrasekaran right choice for Tata Group ?
Too Early to Say
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.