The impressive growth rate notched up by the Indian mobile telephony sector continues unabated with the telecom sector in general and mobile telephony in particular being the clear leader in 2005 in terms of mergers and acquisitions (M&A) and deals in the Indian market.
The year saw large deals like Essar Group's acquisition of BPL Communications, Vodafone's investment in Bharti-TeleVentures and Maxis group's acquisition of Aircel.
Grant Thornton India, a leader in M&A and deal advisory, has pointed out in a study that while the total value of deals in India in 2005 was $18.2 billion the telecom sector accounted for a third of this, the above three large deals in the mobile telephony space accounting for $ 3.7 billion or 20 per cent in value terms of all deals during the year.
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