Published On : Mon, Mar 20th, 2017

Voda-Idea merger announced

Advertisement

Mumbai: The merger between Idea Cellular and Vodafone has been formally announced, say media report.

Idea said that its board has approved scheme of amalgamation of Vodafone India and its unit Vodafone Mobile Services with company.

The combined entity will be the biggest telecom operator in India.

Gold Rate
Thursday 13 March 2025
Gold 24 KT 87,100 /-
Gold 22 KT 81,000 /-
Silver / Kg 99,100 /-
Platinum 44,000 /-
Recommended rate for Nagpur sarafa Making charges minimum 13% and above

Earlier, it was reported that Vodafone was sticking to its demand for both the CEO and CFO positions in the merged entity, and will be happy with Kumar Mangalam Birla being named chairman.

More details about the deal are awaited. —

Advertisement
Advertisement