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14.07 / 15:39
Adani v Ambani: Are India’s richest men about to battle over 5G? Vodafone to buckle?
It was too quiet to last. A sustained and brutal destruction of capital in India’s telecom industry was only just starting to give way to a period of peace and calm. The three operators who survived out of the dozen on the scene in 2016 must have been grateful for the end to a debilitating price war. Stable market shares and decent per-user revenue would support the next round of investment.
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