Tata Teleservices and Reliance Communication s-Aircel-MTS combine are reportedly considering joining forces to counter the tough competition from Reliance Jio Infocomm, reports the Economic Times today.
Anil Ambani, Chairman of the Reliance Group, is believed to have initiated talks on the matter with the newly-appointed Tata Sons’ Chairman N Chandrasekaran.
The launch of Jio has triggered intense competition and a phase of consolidation in the industry. Incumbent majors Vodafone and Idea Cellular are already in advanced stages of working out a merger.
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