Mergers key to survival in India’s crowded mobile market (AFP)

July 11, 2010 | GSM

In the past year alone, the number of mobile customers soared 49 percent to 617.5 million, meaning that 55 out of every 100 Indians now has a mobile -- compared with just three out of 100 in 2000.(AFP/File/Diptendu Dutta)AFP – Mergers are the only way forward in India’s crowded mobile phone market, where 14 operators are slugging it out for subscribers by offering the cheapest rates in the world, analysts say.

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