Five major telcos optimum for India, says Telecom Secretary
Telecom Secretary JS Deepak has said consolidation in the telecom industry would yield five major players ensuring "enough competition but not fragmentation of spectrum", which will be optimum for India. His statement comes amid merger reports between telcos like Vodafone and Idea due to competition from Reliance Jio. Further, he added, "Era of free service and falling revenue will change."