 "The immediate priority of the merged entity will be to consolidate its position across the range of service offerings")
Telecom incumbents Vodafone and Idea have announced their merger of operations to form India's largest telecom company with a subscriber base of 408 million.
The merged entity, which will be called Vodafone Idea, has almost 41 per cent subscriber share and will have a revenue market share of 32.2 per cent in the world's second largest telecom market. The two had announced their merger over a year ago but got the approval of the National Company Law Tribunal earlier in the week.
The company starts on a strong wicket with revenue leadership in nine telecom circles and the highest number
