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Tags archives: anil-ambani

India`s richest man shakes up telecoms market

Buyouts, mergers and quick exits — as India`s richest man shakes up the country`s ultra-competitive mobile market, telecommunications companies are scrambling to either consolidate or cut their losses and run. Norwegian multinational Telenor recently became the latest to quit India and analysts expect other brands will disappear as intense price wars sparked by tycoon Mukesh Ambani mean thinning profit margins. Most of the smaller players will find it difficult to […]