Business Companies 23 Feb 2017 Softbank denies inte ...

Softbank denies interest in Vodafone-Idea cellular merged company

REUTERS
Published Feb 23, 2017, 3:17 pm IST
Updated Feb 23, 2017, 3:29 pm IST
Denial comes following reports that Japanese firm was looking to pick up a stake.
Softbank
 Softbank

Mumbai: Japan's SoftBank Group on Thursday denied it was in talks with Vodafone Plc's Indian unit and Idea Cellular to pick up a stake in a potential merger between the two Indian wireless carriers.

SoftBank's denial follows a report in The Economic Times newspaper that the Japanese firm was looking to pick up a stake in a Vodafone-Idea merged company, citing four unidentified people aware of developments.

 

" We would like to categorically deny SoftBank's participation in the alleged Vodafone, Idea Cellular merger in India," a SoftBank spokeswoman said.

"We underline that we have held no such discussions and media reports about the same are baseless and unsubstantiated."

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