Vodafone India Merges with Idea Cellular to Create New India Market Leader

  • Britain’s Vodafone Group and Idea Cellular agreed on 20th March 2017 to merge their Indian operations to create the country’s biggest telecom business.
  • The combined group would have almost 400 million customers and 35% market share. It will push to become the number one telecom company in India.
  • Vodafone has endured a rather confused ride since it entered India in 2007 with fierce competition and tax battle making it its most unpredictable business so far.
  • The merger may be a way they can tackle Jio and Airtel. Since the launch of Jio, the telecom sector has become a battleground for all the companies engaging in a fierce price war.
Source: http://bit.ly/2nKOU32

 

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