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Vodafone-Idea merger gets nod from Competition Commission
short by Krishna Veera Vanamali / on Tuesday, 25 July, 2017
The Competition Commission of India on Monday approved the merger of Vodafone India and Aditya Birla Group's Idea Cellular. The $23 billion transaction will create India's largest telecom company with a 35% customer and 41% revenue market share. Post the transaction, Vodafone will own 45.1% stake in the merged entity while Aditya Birla group will have 26% shareholding.
read more at Business Today