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India’s Telecom Sector Sees Consolidation as Reliance Acquires Tata Teleservices
Reliance acquires Tata Teleservices in a ₹40,000 crore deal, strengthening its position in India's telecom market.
Reliance Industries has finalized the acquisition of Tata Teleservices, marking a significant shift in India's telecom landscape. This merger, valued at ₹40,000 crore, will consolidate Reliance’s position as a dominant player in the market, enabling it to compete more effectively against Bharti Airtel and Vodafone Idea.