Questions over Indian triple merger

Tata Teleservices, Sistema MTS and Aircel are apparently exploring a potential three-way merger in India, reports the Indian Economic Times.

The move would see the three operators combine to become the third largest operator in India with over 135m subscribers. The report cited one source as saying: “There was a fair amount of discussion between Tata Teleservices and Sistema. The discussion between Tata Teleservices and Aircel is very new. These are early days”.

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