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Vodafone Says In Merger Talks With Idea Cellular

 

London: Vodafone said on Monday it was in converses with union its Indian operations with adversary Idea Cellular in an all-share bargain that could help the gatherings counter the wild rivalry in the market.

In a short articulation, Vodafone said it was in converses with Idea’s parent, combination Aditya Birla. It said any merger would include Idea issuing new shares to Vodafone and would bring about Vodafone deconsolidating Vodafone India.

Partakes in Vodafone were up 3.5 percent in early exchanging.

Source:- NDTV

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