 "5 telcos ideal for market, says telecom secretary")
The fresh round of consolidation unfolding in the Indian telecom market is likely to yield five major players ensuring ‘enough competition but not fragmentation of spectrum’, Telecom Secretary J S Deepak said.
His comments assume significance as India — the world’s second largest mobile services market after China — is in the midst of massive consolidation with incumbent operators joining forces to take on aggressive newcomer Reliance Jio.
The consolidation in the otherwise crowded telecom industry has been hastened by Jio’s free voice call and data plans, forcing incumbents to slash tariff at the cost of profits.
“Dropping revenue is
