In the context of the Indian telecom sector, Mergers and Acquisitions (M&A) and capital markets activities have been significantly shaped by rapid technological advancements, intense competition, and evolving consumer demands.
M&A Trends in Indian Telecom
1) Market Consolidation: The Indian telecom landscape has undergone substantial consolidation in recent years, primarily driven by intense price competition and the entry of disruptive players. The merger of Vodafone India and Idea Cellular in 2018 created one of the largest telecom operators in the country, Vodafone Idea Limited (Vi). This consolidation aimed to enhance market share and operational efficiencies while tackling the pricing pressures from market leader Jio.