Vodafone says in Indian merger talks with Idea Cellular
Vodafone said on Monday it was in talks to merge its Indian operations with rival Idea Cellular in an all-share deal that would create a new market leader better able to cope with the brutal price war convulsing the industry. India’s three leading mobile operators, Bharti Airtel , Vodafone and Idea, have all been hammered by the arrival of Jio Infocomm, a new operator owned by the billionaire Mukesh Ambani which has shaken up the market by offering free voice and data to customers. Vodafone confirmed growing media speculation that it was in talks with Idea’s parent, conglomerate Aditya Birla,…
You do not have access to this content. You need to subscribe.