Idea exec says deal with Vodafone consistent with country's telecoms M&A rules

Last Updated: Mon, Mar 20, 2017 12:31 hrs
Idea Cellular

Vodafone exec says deal consistent with India telecoms M&A rules.

Idea exec says founders buying extra stake from Vodafone will not be funded by any listed Aditya Birla Group Co.

Vodafone exec says need to shed a small amount of spectrum.

Vodafone exec says pending income tax demand has nothing to do with current deal.

Idea exec says there will be many exciting opportunities for both Idea and Vodafone employees, don't see significant job cuts.

Vodafone exec says both brands i.e. Idea and Vodafone to continue.


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