Vodafone to merge India operations with Idea Cellular
Monday, 20 March 2017 MUMBAI (Reuters) - Britain's Vodafone Group will merge its Indian subsidiary with local rival Idea Cellular within two years, Idea said on Monday, creating a new market leader better able to contest a brutal new price war.
Mar.20 -- Vodafone's Indian unit has agreed to merge with Idea Cellular to create a wireless company that's more than twice as big as AT&T by subscribers. Bloomberg's Harsha Subramaniam reports on "Bloomberg Daybreak: Europe."
Telecom regulator Trai today stoutly defended its recommendation of Rs 3,050 crore penalty on Airtel, Vodafone and Idea Cellular for their alleged failure to... DNA - Front PageAlso reported by •BGR India