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Vodafone confirms merger talks with Idea Cellular

Vodafone confirms merger talks with Idea Cellular

Monday, January 30, 2017, 2:47 PM

Vodafone confirms that it is in discussions with the Aditya Birla Group about an all share merger of Vodafone India (excluding Vodafone's 42% stake in Indus Towers) and Idea. Once Vodafone’s merger with Idea goes through, the merged entity will become the largest telecom company in India with a market share of roughly 43%.
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