Vodafone: completes merger in India after antitrust approval

(CercleFinance.com) - Vodafone India and Idea have won approval from all competition and regulatory authorities to complete their merger, creating India's leading telecoms operator, according to a statement on Friday.


With nearly 408 million customers, the newly formed company will have annual revenue of over 7 billion euros and EBITDA of 1.4 billion euros.

It is expected to generate synergies of around 1.7 billion euros in costs and capex synergies.

The combined entity - now jointly controlled by Vodafone and the Aditya Birla Group - will be renamed "Vodafone Idea" and will remain listed on the Indian stockmarket.

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