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Idea Cellular-Vodafone India merger News
Idea Cellular-Vodafone India merger
Markets continue to dislike Idea-Vodafone merger as shares fall for second consecutive day
Tue, Mar 21, 2017
Motilal Oswal, however, is confident that Idea will perform better. It said, "We upgrade Idea to Buy with a target price of Rs 120, implying 9x EV/EBITDA on FY19E for the combined entity. In our view, rich valuation is justified, as the expected recovery from FY19 could drive EBITDA CAGR (compound annual growth rate) of 18% over FY18-22."
Idea Cellular approves Vodafone merger with itself
Mon, Mar 20, 2017
Vodafone will hold 45.1% of the combined company after transferring a stake of 4.9% to the promoters of Idea for Rs 3874 crore in cash.
Idea shares jump 12% on tower business demerge talks
Wed, Mar 15, 2017
Idea Cellular is already in talks with Vodafone India for merger to compete with its rivals Bharti Airtel and Reliance Jio.
5 major telcos optimum for Indian market: Telecom Secretary
Sun, Feb 26, 2017
Telecom Secretary's comments assume significance as India -- the world's second largest mobile services market after China -- is in the midst of massive consolidation with incumbent operators joining forces to take on aggressive newcomer Reliance Jio.
Vodafone, Idea likely to seal merger pact within a month
Sun, Feb 19, 2017
If the deal is successful, the combined entity will create India's largest telecom firm with a revenue share of around 40 per cent and a subscriber base of over 380 million, according to India Ratings and Research.
Tech Mahindra sees bigger business from Vodafone-Idea merger
Sun, Feb 19, 2017
"It is a big market where these people are merging together. In my world, it is a seismic change. It is not an ordinary change. Clearly, it means that certain part of the IT spend will either come down or get re-directed," Tech Mahindra MD and CEO CP Gurnani told PTI here over the weekend.
PE firm Providence to exit Idea Cellular; shares drop 4%
Mon, Feb 13, 2017
The development comes soon after Vodafone Group Plc confirmed they there in talks of merging its India operations with Idea Cellular.