MUMBAI -- The megamerger of wireless carriers Vodafone India and Idea Cellular has received regulatory clearance after a year and a half, but the wait has cost them time during which billionaire Mukesh Ambani's disruptive Reliance Jio Infocomm has lapped up new subscribers.
Vodafone India and Idea Cellular, India’s second- and third-largest telecom companies by market share, will together displace market leader Bharti Airtel after one remaining regulatory nod from the National Company Law Tribunal.
