ICICI Securities Ltd | Retail Equity Research The Indian telecom industry is in the process of shrugging off its longstanding troubles of the market being overpopulated with seven to nine players vs. three to four players running the show globally. The prospective Idea-Vodafone merger is a step in that direction and augurs well for the overall sector. The Idea-Vodafone merger would elevate the duo to the largest player with a combined revenue & subscriber market share of 43.2% and 35.9%, respectively. Bharti Airtel has a revenue &...