In August 2018, struggling telecom companies Vodafone India, a subsidiary of British Vodafone, and local operator Idea Cellular merged their businesses to create the country's largest telecom company by subscribers and revenue. But the financial health of the merged entity kept on deteriorating.
Opinion
India cannot afford to squeeze its telecom companies out of existence
Vodafone Idea, Reliance Jio and Airtel are all suffering from regulatory rent-seeking
The cause of the financial stress for India's telecom sector is a race-to-the-bottom pricing war unleashed by Reliance Jio. © NurPhoto/Getty Images
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