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Vodafone confirms talks to merge Indian business with Idea

Reading time 1 min     Staff Writer | January 30, 2017
Vodafone has confirmed it is in talks over merging its Indian business with Idea Cellular, part of the Aditya Birla Group.
Vodafone India
Telecommunications   Vodafone India and Idea


 
Vodafone made the announcement following recent speculation in the media about a combination of Vodafone India and Idea.

Vodafone said the discussions concerned an all-share merger of Vodafone India, excluding the UK company's 42% stake in Indus Towers, with any merger effected through the issue of new shares in Idea to Vodafone and would result in Vodafone deconsolidating Vodafone India.

It stressed that there was no certainty that any transaction will be agreed, nor as to the terms or timing of any transaction.

 

 

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An upper-level low over Northwestern Mexico and an ample supply of moisture will aid in producing showers and thunderstorms with heavy rain at times over parts of the Southwest and Southern Rockies through Sunday.
 

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