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Bharti Infra stocks get jitters on a possible Vodafone-Idea merger

On the BSE, the stock plummeted 7.07% and finally settled at Rs 328.8 by the end of the day

Megha Manchanda  |  New Delhi 

Bharti Infra stocks get jitters on a possible Vodafone-Idea merger

Shares of on Monday fell sharply by 7% on bourses after confirmed it was in discussions with for a possible merger. 

On the BSE, the stock plummeted 7.07% and finally settled at Rs 328.8 by the end of the day.

According to a Mumbai-based analyst, the impact of on would only be in the near term as the telecom tower company will have to re-synchronise its existing network.

Global telecom major on Monday confirmed it was in discussion to merge its India mobile business with Aditya Birla group’s Idea Cellular, a move that would create the largest telecom entity to take on rivals such as Airtel and Reliance Jio.

The discussions for the all-share merger of India exclude its 42% stake in Indus Towers, the company said.

did not share the details of the potential deal.

While Bharti Airtel is the largest telecom operator in India with 265.85 million mobile subscribers, has 204.69 million users and 

190.51 million, according to latest data by the Cellular Operators’ Association of India (COAI). 

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Bharti Infra stocks get jitters on a possible Vodafone-Idea merger

On the BSE, the stock plummeted 7.07% and finally settled at Rs 328.8 by the end of the day

On the BSE, the stock plummeted 7.07% and finally settled at Rs 328.8 by the end of the day
Shares of on Monday fell sharply by 7% on bourses after confirmed it was in discussions with for a possible merger. 

On the BSE, the stock plummeted 7.07% and finally settled at Rs 328.8 by the end of the day.

According to a Mumbai-based analyst, the impact of on would only be in the near term as the telecom tower company will have to re-synchronise its existing network.

Global telecom major on Monday confirmed it was in discussion to merge its India mobile business with Aditya Birla group’s Idea Cellular, a move that would create the largest telecom entity to take on rivals such as Airtel and Reliance Jio.

The discussions for the all-share merger of India exclude its 42% stake in Indus Towers, the company said.

did not share the details of the potential deal.

While Bharti Airtel is the largest telecom operator in India with 265.85 million mobile subscribers, has 204.69 million users and 

190.51 million, according to latest data by the Cellular Operators’ Association of India (COAI). 
image
Business Standard
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Bharti Infra stocks get jitters on a possible Vodafone-Idea merger

On the BSE, the stock plummeted 7.07% and finally settled at Rs 328.8 by the end of the day

Shares of on Monday fell sharply by 7% on bourses after confirmed it was in discussions with for a possible merger. 

On the BSE, the stock plummeted 7.07% and finally settled at Rs 328.8 by the end of the day.

According to a Mumbai-based analyst, the impact of on would only be in the near term as the telecom tower company will have to re-synchronise its existing network.

Global telecom major on Monday confirmed it was in discussion to merge its India mobile business with Aditya Birla group’s Idea Cellular, a move that would create the largest telecom entity to take on rivals such as Airtel and Reliance Jio.

The discussions for the all-share merger of India exclude its 42% stake in Indus Towers, the company said.

did not share the details of the potential deal.

While Bharti Airtel is the largest telecom operator in India with 265.85 million mobile subscribers, has 204.69 million users and 

190.51 million, according to latest data by the Cellular Operators’ Association of India (COAI). 

image
Business Standard
177 22