Latest Comments

  • PREMCHANDRA J LOKHAN... More
    i support ericsson as rcom can dupe anyone , they had... Sunday, 14 October 2018
  • Bud Biswas More
    Our company, Polaris Networks, has helped other smaller... Friday, 12 October 2018
  • Developing Telecoms More
    That is correct - it is the coastline of Equatorial Guinea,... Friday, 12 October 2018
  • Xavier Muñoz More
    This photo is not from São Tomé e Príncipe Thursday, 04 October 2018
  • adewalebeke@yahoo.co... More
    Hello,
    My name is Adewale. I am a Healthcare Manager in... Friday, 21 September 2018

Vodafone and Idea refute Jio acquisition claims

Indian heavyweights Vodafone India and Idea Cellular have both shot down rumours that they are seeking a merger with Reliance Jio.

Jio’s entry into the Indian market in September has made waves, increasing competition and attracting 52 million subscribers in its first three months. The operator offered a selection of free services to lure customers, prompting rivals Bharti Airtel, Vodafone India and Idea Cellular to adopt similar tactics.

UK newspaper The Telegraph has connected these dots, suggesting that both Vodafone and Idea are interested in a potential move on Jio. However, a Vodafone source denied this, citing caps on the operator’s spectrum holding limits and revenue market share as proof that it could not entertain a merger. Idea has also refuted the claims.

Vodafone Group has funnelled money into its Indian unit to ensure its success, writing off a significant chunk of its debt with a payment and splashing out on 4G spectrum in October’s auction. In November, the group revealed that it had seen its Indian revenues increase this fiscal half (ending March 2017) and stated that it would undertake an IPO for the unit “as soon as market conditions allow”.

Comments powered by CComment