Vodafone Closes Idea Cellular Merger in India Creating Largest Wireless Operator; Shares Undervalued
Vodafone announced on Aug. 31 that it closed its merger with Idea Cellular in India. The deal creates the largest wireless operator in India with 408 million subscribers or 32.2% market share. The combined network covers 92% of the country’s population. We are excited for the closing of the merger. Besides the increased scale and coverage of the combined company it provides lots of opportunities for cost savings as duplication in some regions and staff in some areas are reduced and nationwide ma...
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