Vodafone-Idea merger deal to be officially announced this week: Report
Tuesday, 14 March 2017 () The mega-merger of Vodafone India and Idea Cellular is reportedly set to be officially announced this week. According to reports, the 21 billion euro deal will see the two companies holding an equal stake and result in Vodafone de-consolidating its India arm. The merger is seen as the first casualty resulting out of Reliance Jio’s commercial rollout in late last year that has put incumbent players under immense pressure to offer more affordable plans to consumers. Following the merger, Vodafone India and Idea Cellular would together create a new entity that will be able to compete better in the price war triggered by the entry of Reliance Jio. It is expected that the resulting merged entity will be headed by
A huge telecoms merger has been announced in India. Britain’s Vodafone is joining with Idea Cellular in a deal worth the equivalent of 21.3 billion euros. Together they will become India’s biggest telecoms business with almost 400 million customers, overtaking the market leader Bharti Airtel. The...
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Aditya Birla Group Chairman Kumar Mangalam Birla and Vodafone Group CEO Vittorio Colao met with Telecom Minister Manoj Sinha on Tuesday to discuss the contours... Deccan Herald - BusinessAlso reported by •DNA
British telecom major Vodafone and Aditya Birla group-run Idea Cellular today announced the merger of their operations, creating the largest mobile operator by... Deccan Herald - BusinessAlso reported by •BGR India •DNA •Zee News •India Today
The Vodafone, Idea Cellular merger is the largest that India Inc has ever seen. Here’s a look at how it alters the telecom scenario. Also check out the largest... IndiaTimes - IndiaAlso reported by •DNA