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Wireless

SoftBank denies stake acquisition talks in Vodafone-Idea

Friday 24 February 2017 | 06:45 CET | News
SoftBank Group has denied press reports that it is in talks to enter a proposed merger between Vodafone Group and Idea Cellular in India, Bloomberg reports, citing a company statement. Local press earlier reported that SoftBank may acquire a minority stake in Vodafone India that will probably be merged into Idea Cellular. SoftBank would end up with 15 percent to 20 percent, the same source said. SoftBank says this report is "baseless and unsubstantiated" and SoftBank held no such discussions.

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Categories: Mobile & Wireless
Companies: Idea Cellular / Softbank / Vodafone Group / Vodafone India
Countries: India
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