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India's mobile market shapes up into three-way battle

As saturation nears, Bharti Airtel, Vodafone-Idea, Reliance Jio snap up rivals

Reliance Jio Infocomm has expanded its subscriber share to just under 11% in less than a year after entering the market.

MUMBAI -- In a land of 1.3 billion people, India's mobile phone subscriptions are closing in on 1.2 billion. With growth slowing, and carriers weakened by constant price cuts, the industry is undergoing a major realignment. The players are set to consolidate into three major forces.

Bharti Airtel, which holds the top share in terms of wireless subscriber numbers, will lead one of the forces, having decided to acquire the consumer mobile businesses of the country's biggest conglomerate, the Tata group.

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