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Vodafone-Idea merger could speed up consolidation of telecoms

Jio's entry has forced players to offer cheaper plans, cutting deeply into their profits

Reuters  |  Mumbai 

A proposed merger between Vodafone's India operation and Idea Cellular would create a market leader in India's crowded and hyper-competitive telecoms sector, forcing smaller players into two likely options: merge or exit altogether. Britain's Vodafone confirmed on Monday it was in talks to merge its Indian subsidiary with its local rival in an all-share deal, driving Idea's shares to a near six-month high on Tuesday. The combined entity would be a formidable player, with a subscriber base of about 395 million and a revenue market share of around 40 percent in the ...

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First Published: Tue, January 31 2017. 18:19 IST