Airtel loses its No. 1 position in India

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The National Company Law Tribunal (NCLT) approved the merger of Vodafone India and Idea Cellular displaced Bharti Airtel, which has held the top spot for about 15 years. A senior executive of the Aditya Birla Group, of which Idea Cellular is a part, confirmed the NCLT nod, saying “announcements would be made on Friday”. The largest merger in the sector now leaves three major players —Reliance Jio Infocomm, Bharti Airtel and Vodafone Idea, who will fight it out for over a billion subscribers in a market with a surging demand for data amid rock-bottom tariffs as the country moves to 4G from 3G and smartphones become more affordable.

In This Pic : Airtel

Pic Courtesy : BCCL