Vodafone announcement re: media speculation regarding potential combination of Vodafone India and Idea Cellular
Via Vodafone Media
Jan 30, 2017
Vodafone Group Plc (“Vodafone”) notes the recent media speculation regarding a potential combination of Vodafone India and Idea Cellular (“Idea”).
Vodafone confirms that it is in discussions with the Aditya Birla Group about an all share merger of Vodafone India (excluding Vodafone's 42% stake in Indus Towers) and Idea. Any merger would be effected through the issue of new shares in Idea to Vodafone and would result in Vodafone deconsolidating Vodafone India.
There is no certainty that any transaction will be agreed, nor as to the terms or timing of any transaction.
This announcement contains inside information.
This content extract was originally sourced from an external website
(Vodafone Media)
and is the copyright of the external website owner. TelecomTV is not responsible for the content of external websites. Legal Notices
Email Newsletters
Sign up to receive TelecomTV's top news and videos, plus exclusive subscriber-only content direct to your inbox.
Subscribe