Reliance Jio may look to buy smaller telecom companies for more wavelength

Industry:    2015-12-10

MUMBAI: Reliance Jio Infocomm, which is set to start 4G services later this month, will look to acquire smaller telecom companies to gain market share and compete with incumbents, a senior executive said, signalling a possible consolidation wave. “We are definitely on the prowl for subscribers… We are predators and there are many prey,” said the person, who didn’t want to be named. “We see space for four players in India… consolidation is a necessity,” he said, referring to market .. Read more at: http://economictimes.indiatimes.com/articleshow/50114506.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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