Vodafone India, Idea Cellular in exploratory merger talks

[rahul1117kumar]

Vodafone Group Plc`s Indian arm is in exploratory talks around a possible merger with its smaller domestic rival Idea Cellular , according to a CNBC TV18 report on Tuesday, citing unnamed sources.

A spokesman for Vodafone India, India`s No. 2 mobile carrier by market share, declined to comment on the report. A spokeswoman for Idea also declined to comment on the matter.

Shares in Idea, the country`s No. 3 operator, rose 5.7 percent in afternoon trading following the news.

Vodafone India, Idea Cellular in exploratory merger talks | Zee News

 

[nambbus]

But !dea officials denied this merger news..

 

[Sarkar]

It's impossible, only thing possible is spectrum sharing

 

[nambbus]

Acquiring telenor or tata docomo is much more painless for vodafone. They are still on it!..

 

[Bapun]

Idea Cellular denies report on mega merger talks with Vodafone - The Economic Times

A spokeswoman for Idea's parent, conglomerate Aditya Birla, called the CNBC TV18BSE 3.16 % report of talks between Idea and Vodafone "baseless and absolutely false".

"This is absolutely untrue and preposterous," she said in an email. "There is no such intent."

 

[wow_bro]

Now we can expect the merger after the jio4g initial impact.