Not Par­tic­i­pat­ing in Voda­fone-Idea Merger in In­dia, Says Softbank

The Economic Times - - Companies: Pursuit Of Profit - Our Bureau

New Delhi: Softbank has said it has not held any talks to be part of a pro­posed Voda­fone In­dia-Idea Cel­lu­lar merged en­tity.

“We would like to cat­e­gor­i­cally deny SoftBank’s par­tic­i­pa­tion in the al­leged Voda­fone-Idea Cel­lu­lar merger in In­dia. We un­der­line that we have held no such dis­cus­sions and me­dia re­ports about the same are base­less and un­sub­stan­ti­ated,” a SoftBank spokesper­son said in an email on Thurs­day.

A news story ti­tled “SoftBank may Open A/C in Voda-Idea Com­bine”, pub­lished on Fe­bru­ary 23 in this news­pa­per had said said Softbank was in talks with Voda­fone Plc to buy a mi­nor­ity stake in its In­dian unit, which is likely to be merged with Idea Cel­lu­lar. The re­port had added that there was no guar­an­tee about the out­come of the talks.

ET had emailed queries about these talks on three sep­a­rate dates — Fe­bru­ary 9, 10 and 21, to the Softbank spokesper­son. On each oc­ca­sion, the spokesper­son said the com­pany did not com­ment on spec­u­la­tion.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.