Mar 20, 2017

Vodafone, Idea in $23 billion deal to create new Indian telecom leader | Reuters

By Devidutta Tripathy and Sankalp Phartiyal | MUMBAI MUMBAI Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations in a $23 billion deal, creating the country's biggest telecoms business after the entry of a new rival sparked a brutal price war.The combined entity would have almost 400 million customers, overtaking market leader Bharti Airtel to account for...

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