Vodafone confirms talks with Aditya Birla Group for merger with Idea

Putting all market speculations to rest, Vodafone Group Plc has confirmed that it is in discussions with the Aditya Birla Group about an all share merger of Vodafone India (excluding Vodafone’s 42 per cent stake in Indus Towers) and Idea Cellular. 

Any merger would be effected through the issue of new shares in Idea to Vodafone and would result in Vodafone deconsolidating Vodafone India. 

As per a statement issued by Vodafone, there is no certainty that any transaction will be agreed, nor as to the terms or timing of any transaction. 

It may be noted here that Idea is announcing a suite of apps under Digital Idea today, as the company seeks to transition from a voice and data services provider to becoming a full service digital solutions company.

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