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Vodafone and Idea Cellular to merge and create new India market leader

They will merge their Indian operations in a bid to contest a brutal price war sparked by new rival Reliance
Tuesday, March 21, 2017 - 05:50

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Aditya Birla chairman Kumar Mangalam Birla (left), with Vodafone CEO Vittorio Colao. Vodafone will own 45.1 per cent of the merged entity, Aditya Birla will own 26 per cent, while other shareholders will own the remaining 28.9 per cent.

Mumbai

BRITAIN's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations to create the country's biggest telecoms business in a bid to contest a brutal price war sparked by new rival Reliance.

The combined Vodafone-Idea group would have almost 400 million

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