Tuesday, 19 June 2018

Vodafone India, Idea to form $23bn joint venture

By Nick Wood, Total Telecom
Monday 20 March 17

Voda CEO says joint venture will have scale needed to offer consumer choice in fiercely-competitive market.

Following weeks of negotiation, Vodafone India and Idea Cellular on Monday reached an agreement to merge their operations into a $23.2 billion (€21.57 billion) joint venture. The combined entity will serve 395.2 million customers, according to the latest figures from the Telecom Regulatory Authority of India (TRAI), putting it ahead of current market leader Bharti Airtel, which has 265.9 million customers. The venture will also hold 1,850 MHz of spectrum. However, it is expected that Vodafone and Idea will have to make divestments in order to obtain regulatory approval for the deal…

Following weeks of negotiation, Vodafone India and Idea Cellular on Monday reached an agreement to merge their operations into a $23.2 billion (€21.57 billion) joint venture. The combined entity will serve 395.2 million customers, according to the latest figures from the Telecom Regulatory Authority of India (TRAI), putting it ahead of current market leader Bharti Airtel, which has 265.9 million customers. The venture will also hold 1,850 MHz of spectrum. However, it is expected that Vodafone and Idea will have to make divestments in order to obtain regulatory approval for the deal…

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