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Idea Cellular merger signals Vodafone’s shrinking interest in India

Idea Cellular merger signals Vodafone’s shrinking interest in India

Monday, March 20, 2017, 6:40 PM

Aditya Birla group has managed to eke out equal management rights in merger between Idea and Vodafone, despite having much lower shareholding. The fallout: Vodafone Group will gradually bring down its stake in merged entity from 50% to start with to possibly as low as 26%. Vodafone Group now looks far less ambitious with its India telecom plans after its merger with Idea Cellular.
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