The all-share deal that could help the groups counter the fierce competition in the market.
With the credited talktime of Rs 50 every month, customers can enjoy an assured Rs 900 in 18 months which covers the cost of a new handset purchase in most instances.
London: Vodafone said on Monday it was in talks to merge its Indian operations with rival Idea Cellular in an all-share deal that could help the groups counter the fierce competition in the market.
In a short statement, Vodafone said it was in talks with Idea's parent, conglomerate Aditya Birla. It said any merger would involve Idea issuing new shares to Vodafone and would result in Vodafone deconsolidating Vodafone India.
Shares in Vodafone were up 3.5 percent in early trading.
( Source : reuters )
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