Vodafone Network to merge with Idea Cellular

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Vodafone and Ideal Cellular

Vodafone Network which is considered as the second largest telecommunication networks has confirmed that talks are being held with Idea Cellular to merge it with Vodafone. By joining forces with idea cellular network in India with Vodafone network would become much more competitive. It is understood that this merger will be possible only if Vodafone buys the shares of Idea cellular network.

If a deal is struck, the combined Vodafone-Idea entity will have nearly 39 crore subscribers. Vodafone Group on Monday confirmed it is in discussion to merge its Indian unit with Idea Cellular in an all-share deal to create the country’s largest telecom operator with 43 per cent revenue market share. The combined entity will pose formidable competition to the current market leader Airtel and aggressive new entrant Reliance Jio.

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