Idea Cellular Ltd and Vodafone India Ltd’s plans to merge their businesses, excluding Vodafone’s 42% stake in Indus Towers Ltd, to create India’s largest telecom company with a total revenue of over Rs80,000 crore highlights the growing trend of consolidation across a wide range of sectors. The wave of consolidation drove merger and acquisition (M&A) activity to a record high of $69.75 billion in 2016, according to Thomson Reuters.
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