| Indian Telecom Industry Witnesses M&A Deals Worth US$ 9 billion |
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The fast growing Indian telecommunications industry has witnessed mergers and acquisitions (M&A) valued at over US$ 9 billion this fiscal, despite the global economic slowdown, according to a study by Assocham EcoPulse. Out of the total M&A deals sealed in the country, the telecommunications industry accounted for around one-third of them. The study revealed that foreign companies infused about US$ 8.06 billion into the deals. (Source: Assocham) |