The proposed merger between Reliance Communications and Aircel may have fallen through, but the wave of consolidation in India continues. The latest development is that Tata Teleservices, which has been exploring ways to leave the over-competitive market, is to sell its consumer business to Bharti Airtel, which is currently India’s largest MNO – but will lose that crown assuming the merger between Vodafone and Idea Cellular goes through. The Tata/Airtel deal would be the second largest in Indian telecoms this year, after Vodafone/Idea. Airtel has already acquired several smaller operators including Videocon, Tikona and Telenor India. With its Tata acquisition, it will gain 40m subscribers plus access to Tata’s fiber network and some additional spectrum in the 1.8 GHz, 2.1…