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BRIEF-Fitch says Jio prompts more consolidation with Bharti-Telenor deal
February 23, 2017 / 10:12 AM / 10 months ago

BRIEF-Fitch says Jio prompts more consolidation with Bharti-Telenor deal

Feb 23 (Reuters) - Fitch:

* Fitch: Jio prompts more consolidation with Bharti-Telenor deal

* Fitch on Indian telecom - Bharti’s credit profile will remain unaffected by planned acquisition as benefits from additional spectrum assets will offset spectrum liabilities taken over

* Fitch: Bharti could raise funds by monetising a part of its 72% stake in its tower entity, Infratel

* Fitch on Indian telecom - Continue to believe that competition will continue to remain high

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