Vodafone and Idea Merge to Create India’s Largest Telecom Operator
Vodafone has announced plans to form the largest telecommunications operator in India through a “merger of equals” with Idea Cellular. Initial reports of the deal, valued at around $23 billion, emerged at the end of January. In an official statement, Vodafone confirmed that its Indian subsidiary (excluding its 42% stake in Indus Towers) will move … Read more