Vodafone India, buffeted by brutal competition and regulatory woes, expects a shakeout finally to begin winnowing the dozen-plus player market in the next year or two as weaker players exit and pending rules enable mergers, its country head said. The world's biggest cellular carrier by revenue, Vodafone is the largest overseas corporate investor in India but has come to symbolise the perils foreign firms face doing business in Asia's third-largest economy. "I've been working in quite a lot of countries in the world and I have not seen any country where the regulation is so tough," said Vodafone India Managing Director and CEO Marten Pieters, who has worked in Africa and Eastern Europe.
Source : ET
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