A PYMNTS Company

India: Price war drives Vodafone merger

By  |  March 20, 2017

Vodafone said Monday that it would merge its Indian business with a local rival, a move that would create India’s largest wireless company and could strengthen the British telecommunication giant’s standing in a cutthroat market.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Vodafone and Idea Cellular, which are respectively India’s No. 2 and No. 3 mobile operators, would overtake Bharti Airtel as the country’s leading carrier. The two sides said in January that they were exploring a merger.

    In a news conference in Mumbai, Vodafone Chief Executive Officer Vittorio Colao and Aditya Birla Group Chairman Kumar Mangalam Birla said the merger would create a new champion of digital India. It would launch new services soon.

    Full Content: BBC News

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.