Vodafone Indian Operation Is Going To Merger Of Idea Cellular And That Deal Create Around 380m User And Will Become One Of The Largest Telecom Company In The World
With The Help Of This News Vodafone Share Price Up More Than 3 % And Idea Cellular Share Price Up More Than 26 % After This News
And Cellular Limited also submit clarification on news item appearing on economic times 90 January 30, 2017 about "merger may be the best idea for Vodafone, sirji. in this regard,
the company constantly evaluates various opportunities for enhaning the stakeholders value. As a pert of the exercise, the company has been in preliminary discussions with vodafone. In view of the fact that the discussion is at the preliminary stage, the company is not in a position to share any further details. However, it is important to mention that the fundamental premise of preliminary discussion is based on equal rights between Aditya Birla and Vodafone in the combined entity.
Further there is no certainty that the discussion with the will result in any agreement the company will inform the stock exchanges as an when the board takes any decision in this regard.