Devesh
Core Member
The merger of Vodafone India and Idea Cellular, the country's second and third largest telecom operators, would be a ‘perfect match’, Bharti Enterprises Chairman Sunil Bharti Miittal told BloombergQuint on the sidelines of the 47th World Economic Forum at Davos.
"It’s a perfect match, if you look at it, the match is not bad. But you know I can’t sit on the minds of Vittorio or Kumar. The strength and weaknesses match very well. Rural - urban, structured portfolio...makes for a good business case and I would support it," Mittal was quoted as saying.
There were media reports that Vodafone is looking for an alliance with either Reliance Jio or Idea. However, Global brokerage firm CLSA in a report published on 17th January said that a deal with the latter would be the best bet. CLSA said that an alliance with Idea Cellular will be the best bet for Vodafone India. The merger, if it happens, will be complementary to their operational strengths and will also pave the way for a backdoor listing of its business without going through an IPO process.
Airtel: vodafone-idea cellular merger is a ‘perfect match’: sunil mittal, bharti chairman, Telecom News, ET Telecom
"It’s a perfect match, if you look at it, the match is not bad. But you know I can’t sit on the minds of Vittorio or Kumar. The strength and weaknesses match very well. Rural - urban, structured portfolio...makes for a good business case and I would support it," Mittal was quoted as saying.
There were media reports that Vodafone is looking for an alliance with either Reliance Jio or Idea. However, Global brokerage firm CLSA in a report published on 17th January said that a deal with the latter would be the best bet. CLSA said that an alliance with Idea Cellular will be the best bet for Vodafone India. The merger, if it happens, will be complementary to their operational strengths and will also pave the way for a backdoor listing of its business without going through an IPO process.
Airtel: vodafone-idea cellular merger is a ‘perfect match’: sunil mittal, bharti chairman, Telecom News, ET Telecom
