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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 customers, or a 35 per cent market share, with an implied enterprise value of 828 billion rupees (S$17.7 billion) for Vodafone and 722 billion rupees for Idea. "The combined entity will become the leading challenger with the scale to compete more effectively," Idea said.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
