On March 20, 2017 14:43 (IST)
Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations to create the country's biggest telecoms business. The merger attempts to contest a brutal price war sparked by new rival, Mukesh Ambani's Jio. "The combined company would become the leading communications provider in India with almost 400 million customers...
On March 20, 2017 12:33 (IST)
The stock plunged to a low of Rs 92 following unconfirmed reports the deal may value the stock at much lower than the current market price.
On February 15, 2017 17:40 (IST)
Britain's Vodafone Group said last month it was in talks to merge its Indian subsidiary with Idea Cellular in an all-share deal.
On January 31, 2017 18:50 (IST)
Britain's Vodafone confirmed on Monday it was in talks to merge its Indian subsidiary with its local rival in an all-share deal, driving Idea's shares to a near six-month high on Tuesday.
On January 31, 2017 16:00 (IST)
The report says that the consolidation of Vodafone and Idea Cellular is unlikely to bring down competition in the telecom industry.
On January 30, 2017 15:23 (IST)
The confirmation ended months of speculation that the two operators were exploring a deal to help fend off Reliance Jio whose recent arrival shook up India's ultra-competitive mobile network market.