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Vodafone in Talks With With Adity Birla for Possible Merger

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Vodafone confirms that it is in discussions with the Aditya Birla Group about an all share merger of Vodafone India (excluding Vodafone’s 42% stake in Indus Towers) and Idea. Any merger would be effected through the issue of new shares in Idea to Vodafone and would result in Vodafone deconsolidating Vodafone India.

“The potential merger between Vodafone India with Idea Cellular would change the industry order. The combined entity would have 43 per cent revenue share in the market by FY19CL against 33 per cent of Bharti Airtel and 13 per cent for Reliance Jio,” global brokerage house CLSA said in a report earlier. Read more

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Sweekar S

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