Jio pushing telcos to consolidate due to competition: Fitch
The entry of aggressive new operator Reliance Jio is spurring incumbents to consolidate to better meet the intense competition and weaker telcos to exit altogether, ratings agency Fitch Ratings said. The ongoing consolidation is likely to leave four larger operators, namely Airtel, Jio, the combination of Vodafone India and Idea, and the combined Reliance Communications and Aircel, it added.