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voda, idea clinch $23b-merger deal

voda, idea clinch $23b-merger deal Article News With Simple Text and Web Resource Link. For View Full Content Click on Source Link on Then Bottom Of News.



voda, idea clinch $23b-merger deal

british telecom giant vodafone has decided to merge vodafone india, its indian arm, with aditya birla group-controlled idea cellular to create the country’s largest mobile phone operator worth more than $23 billion with a 35% market share.with this deal, the combined entity of vodafone and idea cellular, which are india's number 2 and 3 mobile players, respectively, will overtake bharti airtel in a bid to tackle a raging price war in the world’s second-largest market.this deal will mark the third major consolidation in the industry in the recent past following rising competitive pressures due to the entry of reliance jio.both entities have reached an agreement to combine their operations ...