30 January 2017

Combination of two telecom gaints: Vodafone Confirms talk on merger with Idea

Vodafone has confirmed that it is in talks with Aditya Birla(Idea) Group on all-share merger of Vodafone India and Idea Cellular. The merger could be the next major change in Indian telecom industry, the first being Reliance Jio's thumping entry. The merger could come as a major blow to Airtel, which is yet to cope with Jio's blow.