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Vodafone, Idea Discuss Possible Merger To Create India’s Largest Telco
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After months of speculation, Vodafone today (30 January) confirmed that that it has been in talks with the Aditya Birla Group for a merger between Vodafone India and Idea Cellular, the largest such deal in Indian telecom history. The merger will result in a new entity with a subscriber base of more than 400 million, which will displace Bharti Airtel’s 260 million strong network as the largest in India.
Vodafone has over 200 million subscribers across the 22 telecom circles in India. It plans to roll out 4G services in 17 circles, covering 2,400 towns, by the end of this fiscal. Idea, meanwhile has a similar subscriber base, with a presence in all the 22 circles. It plans to have 4G services across 20 circles by March 2017.
Speculation on the merger had been rife for a year that became more prominent after the entry of Reliance Industries-owned Jio in September 2016.
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