Vodafone’s partial exit from India, lower synergy should worry investors
Tuesday, March 21, 2017, 12:56 PM
The merger agreement between Idea and Vodafone includes a partial exit by the latter’s parent firm, Vodafone Group. The UK-based telecom company will gradually bring down its stake in the merged entity from 50% to start with, to possibly as low as 26%. From having invested billions of dollars into the Indian market, Vodafone now suddenly looks far less ambitious about its India plans.