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It's official: Idea, Vodafone are merging to create India's biggest telco

In a BSE filing, Idea Celluar announced its approval of amalgamation of Vodafone India Ltd (VIL)

BS Web Team 

After eight months of hectic parleys, Britain's Vodafone Group's Indian subsidiary and Aditya Birla Group's Idea Cellular have taken a step closer to a mega merger that would create a new market leader better able to contest a brutal price war with 42 per cent market share. Idea Cellular on Monday approved the merger with Vodafone and Vodafone Mobile Services Limited. In a BSE filing, Idea Celluar announced its approval of amalgamation of Vodafone India Ltd (VIL) and its wholly owned subsidiary Vodafone Mobile Services Limited (VMSL) with the ...

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First Published: Mon, March 20 2017. 11:07 IST
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