Vodafone India seeks merger to protect from price war

Tuesday 10 January 2017 | 15:54 CET | News
Vodafone India is looking at a possible merger with one of the top four Indian operators Jio or Idea as the company wants to escape from a price war between Aircel and new player Jio, writes Telegraph.co.uk. Jio and Idea could themselves combine, however. Vodafone India was forced to halt its planned stock market flotation due to the fierce fratricide battle between Aircel and Jio which are owned by Indian businessmen and brothers Anil Ambani and Mukesh Ambani. Jio is currently investing in its new LTE network and is giving away calls and data to get a fifth of the market.

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Categories: Mobile & Wireless
Companies: Aircel / Vodafone India
Countries: India
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