Vodafone and Idea have begun merger talks to create India’s largest telecom company

Vodafone, the British telecommunication multinational, has begun talks for a potential merger with rival Idea Cellular to create India’s largest telecom company by subscriber base.

“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

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