Vodafone in Merger Talks with Idea
January 30, 2017
noted 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.
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