Vodafone to merge with Idea Cellular

Monday, January 30, 2017
New Delhi

Vodafone today on Monday in a brief statement said that it was in talks with Idea’s parent, conglomerate Aditya Birla on the merger. The merger would involve Idea issuing new shares to Vodafone and result in Vodafone deconsolidating Vodafone India, it said.

Sources said that a combined Vodafone-Idea Cellular would have nearly 375 million subscribers with a 36 per cent market share while Airtel has around 260 million subscribers

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