Vodafone, Idea Could Seal a Merger Pact Within a Month
UK’s Vodafone and Idea Cellular are likely to finalise within a month the mega merger deal that will create India’s largest telecom firm, according to sources. “The companies are likely to announce a definitive signing agreement by February 24-25,” says a source. “They are almost ready to sign the agreement and should not take more than a month to announce it,” according to another source. However, both Vodafone and Idea declined to comment. Vodafone has brought its ex-India unit chief Marten Pieters to work on the proposed merger. Vodafone Group CEO Vittorio Colao is also likely to brief all business heads of the Indian arm next week about the proposed merger. — PTI.