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With Reliance Jio, Mukesh Ambani shakes up Indian telecom market

With Reliance Jio, Mukesh Ambani shakes up Indian telecom market

Wednesday, March 15, 2017, 1:36 PM

Buyouts, mergers and quick exits-as India's richest man shake up the country's ultra-competitive mobile market, telecommunications companies are scrambling to either consolidate or cut their losses and run. Norwegian multinational Telenor recently became the latest to quit India and analysts expect other brands will disappear as intense price wars sparked by tycoon Mukesh Ambani mean thinning profit margins.
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