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Vodafone and Telenor seek Indian mergers to fend off RJio

Reliance Jio, India’s newest mobile operator, has not had quite the disruptive impact of Free Mobile in France, with which it is often compared. Not yet anyway. But it has initiated a price war in a country whose operators make razor-thin margins as it is, and now the domino effect is setting in, as it did in France, sparking a wave of mergers and acquisitions in anticipation of further competitive pressures from RJio. Vodafone India confirmed this week that it is in talks regarding a mega-merger with Idea Cellular, following days of media rumors, but insisted this was not a prelude to backing away from India – even though the country’s price wars weighed heavily on Vodafone Group’s most recent…

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