MoneyWorks4Me

CCI approves merger of Vodafone India, Idea Cellular

25 Jul 2017 Evaluate

The Competition Commission of India (CCI) has approved the proposed merger between Vodafone India and Idea Cellular, a key step in clearing the way for creating India’s biggest phone company by subscribers. UK-based Vodafone Group Plc’s India unit and Idea, currently ranked at two and three, respectively, will have a combined base of nearly 400 million customers and 41 per cent revenue market share.

Idea Cellular is an AV Birla group company and provides Global System for Mobile communications (GSM)-based wireless service at the pan-India level.



Peers
Company Name CMP
Bharti Airtel 1833.00
Vodafone Idea 13.20
Indus Towers 385.00
Tata Communications 1660.15
Railtel Corp. India 254.45
View more..