A Vodafone and Idea merger is no cure for the telecom sector
Tuesday, January 31, 2017, 9:35 AM
Vodafone has said it is considering a merger of its Indian subsidiary with Idea Cellular Ltd. The market capitalization of Vodafone, Idea Cellular and Airtel cumulatively rose by $4 billion on Monday, after the merger news broke. While it’s true that merger can result in meaningful synergies, but the likely merger of Vodafone and Idea may well inspire more competitive moves by Reliance Jio.